As technology becomes increasingly important for successful business operations, the value of a strong cyber-liability insurance policy will only continue to grow.
The continued rise in information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses. Regulations such as the General Data Protection Regulation (GDPR) must also be considered, because a loss of sensitive personal information may subject you to fines and sanctions from the Information Commissioner.
In an age where a stolen laptop or hacked account can instantly compromise the personal data of thousands of customers, protecting yourself from cyber-liabilities is just as important as some of the more traditional exposures businesses account for in their general commercial liability policies. Possible exposures covered by a cyber-policy include:
Please get in contact with Movo Professional Risks to discuss your renewal and see how we can add value.
kevin@movoprorisks.co.uk
