EU December 1, 2021 01367 246130 info@BGi.uk.com Insurance About Us Contact Us News Cyber Insurance Data Protection Insurance Cover Quick Quote Form Proposal Form Cyber-risk Management Insurance should be considered the long stop. The safety-net. In the material world you may have fire extinguishers and intruder alarms. You need to consider the electronic equivalent in the Cyber World. Cyber security and the protection of information can be a challenge for companies of all sizes. It is important to note that hackers are not the only threat. Modern businesses rely heavily if not totally on their computers and a computer does not have to be online to be open to abuse. Having so said, any system on the internet for services such as online marketing, sales, administrative functions, account management, credit card processing, etc. is particularly vulnerable. Any intrusion that disrupts any of your business activities can, in addition to loss of turnover, lead to brand and reputation damage, issues with regulation, shareholder/director dissatisfaction, and ultimately financial loss. We are pleased to announce that BGi.uk-Cyber can now offer practical advice for most small and SME businesses. This article is an easy-to-read guide to the various aspects you should consider when deciding how to approach your Cyber risks and liabilities. Read “A Guide to Cyber-risk Management” or download the pdf All Businesses are faced with an increasing number of cyber threats including some of the following: Data Breach Support in the event of a data breach (electronic or otherwise) including forensic investigations, legal advice, notifying customers or regulators, and offering support to affected customers. Business Interruption/Ransomware Compensation for loss of income if a hacker targets systems and prevents business from generating revenue. Hacker Damage Protection if a hacker tries to hold a business to ransom in response to avoiding an unauthorised access to, use of or denial of service attack against systems or documents. Data Extortion Protection if a hacker tries to hold a business to ransom in response to avoiding an unauthorised access to, use of or denial of service attack against systems or documents. Notification Costs Cover for costs to draft, send and administer notification communications to those whose data has been stolen, misplaced or compromised. Intellectual Property Protection for mistakenly infringing someone’s copyright, by using a picture online for example. Defamation Inadvertent libel or slander of a third-party in an email or other electronic communication. Privacy Protection Costs to defend and settle claims made for failure to keep customers’ personal data secure. Costs associated with regulatory investigations and settle civil penalties levied by regulators where allowed. Quick Quote Form / Proposal Form Completing the form will do two things: make you consider where you are or might be vulnerable enable us to obtain bespoke quotations for you – without any obligation on your part. Go to forms BGi.uk would like to thank the West Midlands Constabulary who are taking a proactive approach to Cyber crime. Visit Cyber-risk Management Useful links A Practical guide to IT security : Ideal for the small business – The Information Commissioner’s office (ico.) Cyber Crime and the Deep Web Cyber-risk Insurance Forms Download Cyber Security Insurance Proposal Form Cyber-risk Partners A Guide to Cyber-risk Management Contact Us Back to Commercial Portwell House, Market Place, Faringdon, Oxfordshire SN7 7HU 01367 246130 | info@BGi.uk.com Contact us BGi.uk is a trading names of H J Roelofs (UK) Ltd. © 2019 H J Roelofs (UK) & BGi.uk. All Rights Reserved. Legal Notice Privacy Policy Terms of Business Cookie Policy This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others may be necessary for the website to function properly. We do not share any data with third parties. You should configure your browser to only accept the cookies you wish to approve, or leave this website Accept Read More