Cyber insurance covers your business’s online and IT system assets. The protection it provides can be tailored to include:
- The loss or corruption of data or software
- Ransomware, where cyber criminals threaten to damage systems or release data unless a ransom is paid
- Electronic or IT equipment theft
- Costs associated with cyber crime, whether that’s customer communications or PR expertise required for reputational issues
- Business interruption costs associated with IT downtime.