The BBC reported that 'many firms are panicking as cyber-attacks and regulatory fines threaten profits.' With cyber-attacks increasing in frequency and severity, many companies are turning to insurance to cover their rising losses.
It is likely that businesses of all sizes will search for the minimum cyber coverage, rather than finding the right insurance to fit their business. There are also other costs to consider when a cyber-attack occurs including investigating and closing the breach, legal and public relations costs, damage to share price, loss of business and potential regulatory fines when GDPR comes into force in May.
Our cyber solution sits inside our Management Liability Package. The policy includes five key covers:
- Directors & Officers Liability
- Employment Practices Liability
- Corporate Legal Liability
- Commercial Crime (All Risks)
- Cyber Risk
Watch our video
To understand our product further, watch our video below. You may even share the video with your clients.
We have also created an SME version which contains set lower limits at an affordable price of £250 +IPT.
How to access this product
This product is only available to Touchstone Underwriting Broker's. To work with us, please complete our TOBA.
As this is a bespoke policy, one of our experienced underwriters will work with you to build the right level of cover required for your client.
You may also quote and bind online, however this is only available for selected brokers. Please contact us if you would like to request access.