There is no debate now that cyber attacks have financial consequences, and insurance is playing a bigger role in reducing financial cyber risk. Cyber coverage can provide for liabilities for data breach remediation costs for investigating the breach, notifying those affected and for regulatory penalties and settlement costs.
Our team has worked within insurers at the point of underwriting and has helped manage claims throughout the insurance lifecycle. We have also worked with policyholders to review policies to ensure they are fit for purpose and will provide the coverage required.
We have experience of conducting analysis of the current state of cyber security within organisation and translating that into the specifics an insurer is looking for. Conversely, we are able to take complicated coverage and analyse the cyber risks it covers.
It is important to ensure that cyber insurance coverage will meet a specific claim scenario. We recommend bringing insurers and brokers into your incident response readiness planning and testing claims through incident response exercises.
For support with a Cyber Incident, please call our
24/7 incident line on +44 20 3321 7705