The changing face of crime...

Cybercrime is the fastest growing crime in the world. Standard Jewellers Block or Commercial Property Policies do not insure you for losses arising from this new wave of crime where criminals make their money from a range of electronic perils, from wire transfer fraud to ransomware and more.

SMEs might believe that becausethey are small, they will not be atarget for hackers; however in our experience this is not true and probably makes us even more ofa target. Our policyholders are experiencing an increasing number of Cyber incidents, some insured because they have acted and taken out insurance. You are receiving this communication because you do not have insurance for Cyber risks.

It’s a complicated business with all kinds of policies from which to choose …. and, as usual, you get what you pay for! The cheapest policies are limited in scope and steer clear of some of the riskier events such as direct theft of money due to funds transfer and the like. They insure what we term as the "intangible" events e.g:

• damage to your operating systems
• reinstatement of your Data asset … (these days one of your most important assets
• Compliance with Breach Notification Laws … you must provide written notification to those individuals that were potentially affected or risk heavy fines.
• Cyber extortion
• Third Party Legal Liability

Better policies include physical theft of money due to:

• Funds transfer following breach of your systems
• ‘Phishing’ email scams by criminals who pretend to be you or authorised persons in anattempt to divert invoice settlements
• Telephone Hacking costs of unauthorised telephone calls
• Theft of personal funds

All good cyber policiesprovideaccess to a wide range of incident response services.
Responding to a cyber-incident requires a range of specialists – from IT forensics firms to specialist PR agencies – that help deal with both the immediate aftermath as well as the longer term consequences of a cyber-event. Small and medium sized businesses, in particular, are facing an uphill battle; not only are they increasingly being targeted by cyber criminals but they are also unlikely to have the range of required incident response specialists in-house. The good news is that cyber insurance can provide easy access to these services, helping companies more easily negotiate the changing face of crime.

Please click on the link below to confirm your interest in obtaining a quote. We already have most of the information we need … we just need you to confirm an interest for us to increase your insurance protection and close the loop holes.

I am interested - please quote me ….