- Essential covers
- Public Relations
- Crisis Management
- Forensics and Security Specialist Services
- Information and communication asset rectification costs
- Cyber Business Interruption costs
- Regulatory defence and penalties
- Privacy breach costs cover
- Dishonesty of Employees
- Cyber Extortion
In today’s data-driven world organizations of all sizes have had a cyber attack or data breach and the average cost to rectify a breach has risen to over £2.25 million. Just one stolen laptop, one resourceful hacker, one virus or even one lost paper record can create enormous financial and reputational consequences for your business.
It’s not a question of if your organization will suffer a breach, but when.
Coversure's Cybercrime Insurance is available for organizations of all sizes, from small businesses to Fortune 500 companies, including nonprofit organizations. Offered as a standalone policy or as part of a comprehensive suite of other management liability coverages, we provide a combination of coverage options to help protect your business.
- Top 5 Reasons You Need Cybercrime Insurance
- Data breaches and cyber attacks are becoming more common and have increased signigicantly in the last few years.
- Many of all breaches occurr in organizations of 2,500 or fewer employees and a surprisingly high number in organisations of fewer than 250 employees.
- All industries are vulnerable to a data breach or cyber attack, including education, financial services, nonprofits, professional services, manufacturing, hospitality and retail sectors.
- The average cost of a data breach has risen to over £2.25 million and includes costs related to business disruption, revenue loss, equipment damages, legal fees, public relations expenses and forensic analysis, as well as notification costs.
- When your business experiences a data breach, the costs associated with that breach average over £150 per compromised record. Unless you secure a dedicated cyber policy, your business is not likely to have adequate insurance coverage.
