Cyber Crime

  • 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.

  1. Top 5 Reasons You Need Cybercrime Insurance
  2. Data breaches and cyber attacks are becoming more common and have increased 62 percent in the last year alone.
  3. 31 percent of all breaches have occurred in organizations of 2,500 or fewer employees and 30 percent in organizations of fewer than 250 employees.
  4. All industries are vulnerable to a data breach or cyber attack, including education, financial services, nonprofits, professional services, manufacturing, hospitality and retail sectors.
  5. 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 that are legally mandated in 47 states.
  6. 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.