Cyber Insurance Cover FAQs
Yes, most cyber insurance policies can help pay for this, but the amount they pay out may vary and there may be conditions and exclusions.
It depends on the insurer, but most cyber insurance policies will pay the cost of locating and removing a virus from your computer system.
You can check the policy terms of a cyber insurance policy for a full list of exclusions, some of the most common are:
- Confiscation of your equipment by a government or public authority
- Damage caused by external network failure
- Intentional sabotage by company directors
If your business uses, stores, or sends electronic data then cyber insurance is worth considering. If you process personally identifiable information (PII), for example customer details, then it is even more of a necessity.
No, it is not a legal requirement in the same way as employer’s liability insurance is for businesses that employ staff.
However, it could prove to offer invaluable financial protection should your business suffer a data breach or be the victim of a cyber-attack.
Yes, most cyber insurance policies can help pay for this, but the amount they pay out may vary and there may be conditions and exclusions.
It depends on the insurer, but most cyber insurance policies will pay the cost of locating and removing a virus from your computer system.
You can check the policy terms of a cyber insurance policy for a full list of exclusions, some of the most common are:
- Confiscation of your equipment by a government or public authority
- Damage caused by external network failure
- Intentional sabotage by company directors
If your business uses, stores, or sends electronic data then cyber insurance is worth considering. If you process personally identifiable information (PII), for example customer details, then it is even more of a necessity.
No, it is not a legal requirement in the same way as employer’s liability insurance is for businesses that employ staff.
However, it could prove to offer invaluable financial protection should your business suffer a data breach or be the victim of a cyber-attack.