Cyber Attacks and other cyber events are now some of the most common forms of losses faced by businesses. Gallagher have you covered!
Most businesses have insurance cover for fire. A cyber attack or event is akin to a digital fire and can have a similar impact to the operations of your business. Cyber attacks and data breaches are growing fast and increasing in severity.
It doesn’t matter what the size of your business is. If you handle customer or transaction data, you run the risk that a data breach could lead to significant costs due to business interruption or others making claims against your business.
Cyber cover can protect you in 4 ways:
- Losses to your business
- Loss to others
- Cyber event response costs
- Contingent business interruption
Cyber insurance can cover you for the following events:
- Point of Sale intrusions
- Web app attacks
- Insider and privilege misuse
- Physical theft and loss
- Payment card skimmers
- Denial of service
- Cyber espionage
- Miscellaneous errors – Human error
- Cyber extortion
To find out more about the market leading and competitively priced Cyber event cover for SME businesses call one of Gallagher’s Business insurance broking consultants on (08) 8236 7789
To learn more about Cybersecurity risks watch KPMG Risk Compliance (US)’s informative video below.