Cyber insurance. We’ve got you covered
Cyber Protection insurance is designed to protect your business from financial losses in the event of computer hacking or data breach.
A comprehensive Cyber policy will cover both first party and third-party losses. Cyber Protection policies vary in the benefits they provide but typically may cover:
- Access to 24/7 Cyber breach support team
- Electronic data replacement – costs of recovering your records and data
- Business interruption – covers financial losses as a result of a cyber attack
- Cyber extortion – covers costs such as hiring negotiation experts and payment of extortion demands
- Security and privacy – damages to your reputation following a breach of third party data on your system
- Defence costs- legal costs of defending claims
Case Study
An employee at a retailer ignored internal policies and procedures and opened a seemingly innocuous file attached to an email. The store’s stock order and cash registers malfunctioned and business was impaired as a result of the network failing.
The business incurred over $100,000 in forensic investigation and restoration services. They also had additional increased working costs of $20,000 and business income loss estimated at $50,000 from the impaired operations.
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At Planned Cover, we offer risk cover tailored and planned for your profession. Through a full circle of support, we offer industry leading advice, insurance and representation for profession-specific protection in the built environment industry.
We know protection and we are professionals at it.
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