First, you have to know what’s coming. Make sure they’re covered and prepared for every stage of an incident – before, during, and after.
Why Is It Needed?
In 2016, the UK’s National Crime Unit found that cybercrime had overtaken all other forms of crime for the first time ever, with over two million incidents recorded in that year. Cyber attacks are also becoming more sophisticated.
In today’s data-driven world, keeping information, data and finance safe and secure online is essential. Despite advances in technology, human and system error are ever-present threats, while everything from a lost laptop to a disgruntled employee can now pose a major risk.
As one of the world’s leading cyber insurers, Travelers offers expert claims assistance and comprehensive cyber cover for up to £10m across Breach Response, Cybercrime, Business Loss and Cyber Liability. Our CyberRisk insurance thereby protects against a wide range of first and third party losses. These include cover for regulatory proceedings, data breach liability, fines and penalties (if insurable by law), and losses from business interruption, plus cyber extortion and other financial cybercrimes.
CyberRisk also offers access to specialist professional advice and teams, including Breach Coaches from our expert partners Pinsent Masons. Insureds also benefit from a broad definition of privacy and security for both crisis management and security breach expense coverage.
If looking for insurance, contact your insurance broker and ask for Travelers.
Find a broker
If you’re interested in receiving a quotation or learn more about our capabilities, contact your local Travelers business development team.
While it may not be possible to prevent all attacks, one thing you can control is your response to it. Prepare for the unexpected with our guide to Crisis Comms Planning.
5 crucial steps combining cyber security and insurance to achieve greater resilience to cyber risk.