Cyber Liability Insurance
Specialist Cyber Risks Team
Cyber Liability Insurance
Irish businesses are using the Internet and electronic communication to transact their business more now than ever. The internet, e-commerce and web communication is growing as a means of marketing, advertising, maintaining customer’ relationships and interacting with them at the same time. But, it has opened up a whole new set of risks that many businesses now face. Traditional insurance policies may no longer cover the risks to which businesses and clients are exposed. Insurers’ understand and have been insuring these risks for the last decade. A Cyber Liability policy can cover these risks and work in tandem with traditional property and liability insurance policies. As the legal climate evolves along with our Data Protection Act and changing privacy laws in Ireland, the high costs of litigation for cases against copyright infringements, trademark disputes, virus transmissions, theft of data etc., all combine to make Cyber Liability an insurance cover which businesses cannot afford to be without going forward.
- Claims from Third Parties for financial loss
- Virus Damage / System Suspension costs
- Costs of defending a Third Party claim
- Theft of Data / Identity Theft claims
- Intellectual Property Infringement claims
- Compensation awards made to Third Parties
- depend on your computer equipment for your business activities
- send and receive information by email
- regularly download documents from websites or emails
- provide IT services to clients
- collate or store client personal or sensitive data via your website or data base
Cyber Liability Insurance protects your business against many of the risks arising from using the internet. Cyber Liability policies have been designed with the needs of small, medium and large businesses in mind and cover damage caused by viruses, hackers and electronic identity theft. The following is an example of the threats / risks coverable;
- Virus Damage
- Hacker Attack / Data Theft
- Infringement of Intellectual Property
- Online Identity Fraud
- System Suspended
- Covers you when you have to pay compensation to a customer or third party for a Cyber attack and your business is at fault
- Covers your own business from a Cyber attack
- Pays out legal fees spent in defending a claim
- Public Liability
- Professional Indemnity
- Office Insurance
- Personal Accident
- Employers’ Liability
- Products Liability
- Directors & Officers Liability
- Motor Insurance
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MEET THE TEAM
David Faughnan CIP, Director
You can contact via phone below or click on photo to email directly 01 8245555
MEET THE TEAM
Elisa McKenzie CIP QFA
You can contact via phone below or click on photo to email directly 01 8245555
