Our Cyber liability insurance product is available as an extension to our professional indemnity product or as a standalone policy designed to insure your SME clients where they have been the victim of a breach or attack on their computer network or infrastructure or suffer a financial loss as a result of a network compromise, including extortion demands.

product overview

• Statement of fact based product no need for proposal form
• Companies with up to £10,000,000 turnover
• Limit of indemnity up to £1,000,000
• Aggregate policy limits
• Defence costs included in the limit
• Premiums from £250 plus IPT
• Minimum excess £1,000
• Business interruption excess 6 hours
• Eligible industries are the same as for our PI products
• Companies holding less than 10,000 personal data records
• Commission 25%
• 24 hour crisis management and incident response hotline

coverage highlights

• Multimedia internet liability
• Privacy and security breach liability
  • Failure to protect personal data
  • Violation of law regarding use of personal data
  • Violation of a data breach reporting requirement
  • Failure to prevent a network compromise
• Privacy notification and crisis management costs
• Emergency response costs
• Extortion demands following an actual breach or credible threat
• Business interruption
• Loss of profit
• Regulatory investigation defence costs
• Loss of electronic data
• Network compromise/denial of access caused by:
  • Malware
  • Viruses
  • Worms
  • Trojan horses
  • Spyware
  • Zero-day attacks
  • Hacker attacks
  • Denial of Service attacks
• Operational expenses - cost of renting equipment to mitigate a loss