Cyber and Data Protection Risks Insurance
A data breach, particularly when it relates to sensitive client information, can cause severe mistrust and reputational harm for your company.
The business interruption section of your cyber insurance policy will cover any loss in trading profits that result from an insured peril.
Any breach of personal data, as defined under EU General Data Protection Regulations, must be notified to the Data Protection Commission and to the individuals affected.
The financial cost that your business becomes liable to pay following a privacy breach is covered.
Regulatory fines are covered where these are insurable in law.
Breach notification and containment costs are covered within policy and sub-policy limits.
includes print and postage of appropriate notices
call centre to manage inbound and outbound calls
PR strategy to manage any reputational damage to your business
Reported instances cyber extortion and cyber fraud are on the rise as companies continue to increase their reliance on technology.
If your business suffers a cyber extortion event (ransomware, denial of service attacks), there are dedicated incident response teams available to:
restore your computer system or
pay the ransomware demand.
If your business suffers a cyber fraud event (electronic wire transfer fraud, social engineering, identity theft, phishing emails), your insurer will deploy resources to:
trace the source of the fraud and/or
compensate your financial loss
Companies that store or process data, or those with strongly integrated computer systems, will be at greater risk from cyber and data protection risks.
Corrigan Insurance has access to multiple cyber insurance markets which allow us to select cyber insurance policies that are the most suitable in protecting your business.
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Discuss your insurance needs with one of our experienced insurance brokers.
Features & Benefits
√ Cyber Crime & Data Protection Risks
√ Crisis Containment Costs
√ Breach Notification Costs
√ 24/7 Incident Response Team
√ Electronic Wire Transfer Fraud
√ System Restoration
√ Consequential reputational harm
√ Ransomware demand
√ Legal Fines & Penalties
√ Intellectual property right infringement
√ Defamation caused by media content
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