P F Spare Insurance Brokers – Cyber Liability Insurance

Cyber Liability Insurance

As digital technologies accelerate, so do cyber risks: hacking, malicious attacks, stolen data and laptops are unfortunately becoming increasingly commonplace. Furthermore, online attacks, system failure and employee negligence can cause significant damage to businesses in financial and reputational terms. Let P F Spare Insurance Brokers protect your business with Cyber Liability and Data Insurance.

Use of the internet brings with it a vulnerability to dangers including deliberate attacks by thieves and data losses caused by human error. A UK Government survey estimated that in 2014 81% of large corporations and 60% of small businesses suffered a cyber breach with the average cost of a cyber-security breach is £600k-£1.15m for large businesses and £65k-115k for SMEs (source: Association of British Insurers).

Some key reasons why P F Spare Insurance Brokers recommend businesses should consider purchasing cyber insurance are:

• Cyber crime is one of the fastest growing forms of crime in the world.
• Cyber threats are at the cutting edge of technology making it almost impossible for individual companies to keep pace.
• Businesses are increasingly dependent on IT for their everyday activities with not limited solely to information being stored but also telephone and payment systems operating through computer-based technologies.
• Cyber attacks and failures can result in businesses closing or having to dramatically change what they do.
• P F Spare Insurance Brokers are ready to offer businesses the innovative protection they need (see below).

Cyber Liability Insurance

Cyber Insurance

Contact

Telephone:

Email: