Cyber-insurance is used to protect businesses from risks relating to information technology infrastructure and activities. Cybercrime is a new global threat and the damages are predicted to cost approximately £4.5 trillion annually by 2021.

Modern businesses can’t escape the vulnerability of cyber-risk, along with the financial impact of system interruptions, privacy and cybercrime events that are now felt within all industries. Businesses should bear in mind that modern day cyber-criminals are developing methods and products to disrupt systems for gain, disruption or revenge in an increasingly sophisticated way.

Our cyber-insurance is used to protect businesses from risks relating to information technology infrastructure and activities. Risks of this nature include:

  • Malware
  • Spam
  • Exploit Kits
  • Physical Manipulation
  • Ransomware
  • Denial of Service
  • Web-Based Attacks
  • Intruder Threat
  • IoT Vulnerabilities
  • IoT for DDOS attacks
  • Phishing
  • Email/Social Engineering/Spear Phishing
  • Botnets

Cyber-Liability Insurance

Cybercrime is the largest threat facing businesses today, so a robust insurance policy is an essential purchase for any business. Cyber-Liability is a maturing insurance coverage which provides indemnity in the event of the insured suffering a security breach. Cyber-Liability coverage includes reimbursement of legal and regulatory costs, IT security costs, crisis communication costs, privacy breach management costs and post-breach mediation costs.

While insurance can provide financial reimbursement in line with the policy limits and conditions, G&M International offers products which go considerably further. A 24 hour, 365-day helpline (also known as Breach Response) is provided which gives access to forensic accountants and lawyers, data recovery experts, PR companies and a whole host of professionals who can help in the mitigation of losses and the recovery of systems.

For further information about our Cyber insurance give us a call on +44 (0) 207 977 1490 or take a look at our Cyber Insurance Brochure.