The better question is why not. On average, even the smallest of incidents costs a business $50,000 in uninsured costs to the business and in third party liabilities. For the sake of FAR LESS than that, plus a minimal excess in the event of a claim, it's a no brainer.

We can assist all industries with purposeful and accurate cyber liability insurance

We have a deeper level of understanding of Cyber Insurance working with our corporate clients that rely on it as the primary coverage to protect their business then what typical brokers have. We have handled many claims successfully including having declined claims overturned by educating the insurers on their own policies. In addition, our Technology Partners at Digitek IT also support with technical knowledge and risk advice for our clients as part of our program, whether they are implementing or not.

Cyber Liability has 2 primary sections of coverage; First Party Costs & Third Party Liability. First Party Costs will likely include the following: Legal Defence and Inquiry, Specialist IT/Cyber Investigations, System Failure, Notification Costs, Business Interruption and others. Third Party Liability then supports claims made against you for financial loss to third parties, which might include customers, suppliers, patients, partners and otherwise.

The main items that impact your premium are:

- IT & Cyber Security posture

- Turnover

- Staffing

- Claims

- Coverage Level Required