Cyber-Liability

Cyber-Liability Insurance is specifically designed to protect you against the risks that come with using modern technology; risks that other types of business insurance won’t cover.

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Why this cover?

No matter what your business size or type, cyber-risk management is more important than ever as cyber-attacks become more prevalent and sophisticated.

Benefits for your business

Cyber-risk management services include:

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Data breach/privacy crisis management

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Multimedia/media liability cover

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Extortion liability cover

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Network security liability cover

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Costs incurred as a result of telephone hacking

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Staff education, data protection, standards compliance, reputation management and HR policy and implementation

What does cyber-liability cover?

Cyber-Liability Insurance can cover the following:

Data breach/privacy crisis management

including expenses related to the management of an incident, the investigation, the remediation, data subject notification, call management, credit checking for data subjects, legal costs, court attendance and regulatory fines

Multimedia/media liability

including third-party damages such as specific defacement of website and intellectual property rights infringement

Extortion liability

typically involving losses due to a threat of extortion, professional fees related to dealing with the extortion

Network security liability

such as third-party damages as a result of denial of access, costs related to data on third-party suppliers and costs related to the theft of data on third-party systems

Telephone hacking

including costs incurred as a result of telephone hacking

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Want to know more?

Find more information from our knowledgeable professionals in these downloadable documents

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Frequently asked questions

Why is my business at risk?

Companies store lots of sensitive customer data. A cyber-attack and a data breach could cost thousands of pounds in fines and damage the company’s reputation.

You may need Cyber-Liability Insurance if you:

  • hold customer data, including names, addresses or banking information
  • are reliant on computer systems to conduct your business
  • have a website
  • are subject to a payment card industry (PCI) merchant services agreement.

Hacking, is it really likely to happen to me?

Computer hacking is on the rise, according to the UK’s National Crime Agency, affecting essential services, businesses and private individuals alike. So, no business is immune.

We have good protective software. Why do we need cover?

Hackers are constantly changing their tactics. High profile breaches at large enterprises such as the BBC, British Airways and Boots show that software breaches can happen even when cyber security is apparently robust.

We back up to the Cloud, so why do we need cover?

The Cloud is just another platform for hackers to breach. The sheer volume of data and number of users means that the Cloud is an attractive target for hackers.

Won’t our Cloud provider pay?

You may have some recourse in this situation. However, this would be time-consuming, potentially costly, and wouldn't provide the immediate management you’ll need.

Why Clear?

Industry-recognised for being people-first, our team of specialists supports start-ups, SMEs, corporates, multinationals and individuals.

Trade specialists

Trade specialists

We offer broad and bespoke sector specialist insurance solutions for peace of mind.

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Chartered status

In recognition of our commitment to maintaining the highest standards of knowledge, ethical practice and guidance.

Exceptional service

Exceptional service

We're dedicated to providing exceptional customer service to respond proactively to the needs of our clients.

The bigger picture

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