Cyber Insurance

An important part of your business protection journey.

There to cover any losses relating to damage to, or loss of information from IT systems and networks due to a cyber-attack.

We understand cyber insurance

No matter how small or large your business is, we can all suffer from cyber-attacks.

Without cyber insurance, a business exposes itself to a whole host of risks that will not only have operational consequences, but also financial. In the event of a cyber-attack or data breach, the costs that companies are forced to face - such as legal fees, regulatory fines, and expenses related to data recovery and even public relations - can quickly escalate into the millions.

Simply put, the absence of cyber insurance leaves a company vulnerable. The digital landscape is rapidly evolving, and therefore businesses are needing to be more forward-thinking and prepared for unexpected cyber-attacks, now more than ever.

"As technology evolves, so does our cyber security risks"

COMMON QUESTIONS

Cyber insurance covers the losses relating to damage to, or loss of information from, IT systems and networks.

It covers a direct financial loss to you or your business after a cyber event.

If an investigation is carried out following a suspected cyber-attack, cyber insurance also covers defence costs, civil damages and compensation payments to affected parties.

We are here to help

A cyber event is simply any actual or suspected unauthorised IT system access, electronic attack, or privacy breach.

Most insurers will provide post-incident support (also known as cyber forensic support) as standard. In the event of an IT failure or cyber-attack, this will provide your business with rapid 24/7 support from cyber specialists recommended by your insurer in the period following a cyber incident.

If you have any queries or concerns about your cyber security, you can contact Pangea Insurance Brokers directly on 02382 354 354, where our insurance specialists will be happy to provide assistance.