Cyber Liability Insurance Quote

Get a quote today for cyber liability insurance and protect your business from online threats

What is Cyber Insurance?

Cyber insurance protects businesses from online attacks and risks posed by the internet. It also covers risks posed by using your IT systems and internal operating systems.

In addition, a good cyber liability policy will provide you with additional business support, such as the recovery of lost data and a business interruption cover if the breach has forced you to stop trading temporarily.

Do I need Cyber Insurance?

Cyber insurance is suitable for both new start-ups and larger established corporations.

Our cyber liability insurance can protect you from scam emails, fraudulent invoices and more and full-scale cyber-attacks in your infrastructure.

Suppose your business handles sensitive customer information such as, names, contact information, and bank details, or your company uses a computer. In that case, you should be protecting your customer data as this could be compromised in the event of a security breach.

A recent report by the Federation of Small Businesses shows that two-thirds of their members were victims of cyber-crime between 2014 and 2016, so regardless of how big or small your business is, cyber insurance is necessary.

Also, although cyber insurance isn’t a legal requirement, you have a legal requirement to protect your customers’ data, and the financial losses you may suffer need protection.  From April 2018, the General Data Protection Regulation (GDPR) means a company can be fined up to €20 million or 4% of its turnover (whichever is the higher figure).

Our team of trained cyber insurance experts can advise you on ways to protect your data and business. For more information or a quote, contact personallines@rivierainsurance.co.uk

What does cyber liability insurance cover?

Cyber insurance is necessary because traditional insurance policies do not cover 21st Century threats. For example, many standard business insurance policies cover property damage and a crime against physical assets like buildings, machinery, office equipment and real money only.

Historically, there has been little to no protection offered under these policies for loss, theft of or damage to data, systems and electronic funds.

However, most businesses now rely on digital assets, making a new kind of policy essential.

Cyber protection insurance can cover you for a range of different security breaches, including:

Data breaches following employee theft

Data breaches following the loss of a memory stick

Cyber business interruption

Denial of service attacks

Data breaches following hacking

Why Choose Riviera Insurance for your Cyber Policy?

At Riviera Insurance, we understand the importance of insuring your business correctly against cybercrime. That is why we have a large panel of insurers to enable us to help you find the right policies to meet your individual business needs.

Our quick and straightforward approach to creating a tailor-made cyber insurance package means you can rest assured protection in place at a great price. You can rely on us to find a competitive price while providing exceptional customer service.

Over 75 years experience insuring large and small companies

Specialist team of qualified insurance professionals

  • 24-hour claims line
  • Quick turnaround times
  • No call centres
  • 5* rated on Google
  • Flexible payment options are available

When you are looking for insurance for your Cyber insurance protection, trying to find quality cover with peace of mind can be time-consuming, which is why we do the hard work for you. We will save you time by searching many of the top UK cyber insurance companies for you. We’ll also work hard to save you money too.

We offer competitive cyber insurance and understand that quality cover is just as important as a low price. So our teams only work with the most trusted insurance companies to provide you with the standard of insurance your business needs.

Common Examples Cyber Crime against business

Cybercrime has seen significant growth in the form of high-profile ransomware campaigns in recent years. Personal data has been breached on a massive scale, leaving victims vulnerable to fraud. Additionally, lives were put at risk and critical services were disrupted by the WannaCry ransomware campaign that affected our NHS and many other large companies across the globe.

Criminal tactics are shifting towards businesses over individuals and although phishing attacks on individuals are increasing, fewer are falling victim as people have become more alert.

Cybercriminals exploit human or security vulnerabilities to steal passwords, data or money directly. The most common cyber threats include:

Hacking – including social media and email passwords.

Phishing – bogus emails asking for security information and personal details or payment.

Malicious software – including ransomware through which criminals hijack files and hold them to ransom.

Distributed denial of service (DDOS) attacks against websites – often accompanied by extortion.

Our team of trained cyber insurance experts can advise you on ways to protect your data and business. For more information or a quote, contact personallines@rivierainsurance.co.uk

Cyber Liability Insurance – FAQS
What is cyber insurance?

Cyber insurance protects businesses from risks posed by the internet, and more generally, from risks relating to your IT facilities and other online activities.

Do I need cyber insurance?

Any business or organisation that holds customer data, including address information or bank details, should consider cyber insurance. Especially if you are reliant on IT systems to conduct your business, own a company website, or are subject to (PCI) merchant services agreements.

Is my business at risk of a cyber data breach?

In short, yes. Your business or organisation may well be vulnerable to a data breach or loss of vital business services if you hold customer details as mentioned above. Any customer data should be protected as there is a risk the data could be compromised in security breaches, e.g. due to hackers, computer system failure, breach of data protection.

How can I reduce the threat of cyber risks?

Cyber risks these days are almost unavoidable, but companies reduced. Our team of trained cyber insurance experts can advise you on ways to protect your data and business. For more information or a quote, personallines@rivierainsurance.co.uk


Which businesses’ need Cyber Insurance?

Most businesses could benefit from cyber liability protection from accountants, hotels, solicitors, online companies and more.

What happens in the event of a data breach?

If you suspect a data breach, notify your cyber insurance broker immediately. You should then be provided with an IT forensics assessment, legal assistance, ongoing customer support and credit monitoring. Your cyber insurance broker will then also offer care to minimise the risk of future leaks.

We store our data on the cloud. Who is responsible for the Cyber liability?

Under these circumstances, it is essential to carefully review your cloud-based service provider contracts with and consult a legal practitioner. Even where risk is reduced, the overall cyber liability could still sit with your business.

Our team of trained cyber insurance experts can advise you on ways to protect your data and business. For more information or a quote, contact personallines@rivierainsurance.co.uk

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