Call: 01367 246130 | info@bgi.uk.com

New Statesman Spotlight Report on Cyber Security

Read Now

Cyber Risks

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.

Trade Risk Chart – Check your threat levels

Sample CRIF Cyber Risk Chart

Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum
Insurable Threat/Impact Risk Type of Exposure Insurance Available
Extortion Threat Threat First Party Loss Yes
Phishing Scams/Fake Websites Threat First Party Loss & Third Part Claims Yes
Distributed Denial of Service Attacks Threat First Party Loss & Third Party Claims Yes
Unauthorised Access (Hack or Insider) Threat First Party Loss & Third Party Claims Yes
Cyber Terrorism Threat First Party Loss & Third Party Claims Partial
Phone Hacking Threat First Party Loss Yes
Virus or malware Threat Third Party Claim Yes
Electronic Theft Threat First Party Loss & Third Party Claim Yes
Operational Error Threat First Party Loss & Third Party Claim Yes
Loss of Portable Media/ Data Storage Device Threat First Party Loss & Third Party Claims Partial
Physical Theft Threat First Party Loss & Third Party Claims Yes
Physical Damage Threat First Party Loss & Third Party Claims Partial
Coding Failure Threat First Party Loss & Third Party Claims Partial
Failure of Suppliers Threat First Party Loss & Third Party Claims Partial
System Failure Impact First Party Loss & Third Party Claims Yes
Extortion Damages Impact First Party Loss Yes
System Damage Impact First Party Loss & Third Party Claims Yes
Website Damage/Defacement Impact First Party Loss & Third Party Claims Yes
3rd Party Data Loss Impact First Party Loss & Third Party Claims Yes
Failure to Deliver to Customers Impact Third Party Claims & First Party Loss Yes
Electronic Theft of your Confidential Info / IP Impact First Party Loss Partial
Electronic Theft of Third Party Confidential Info / IP Impact Third Party Claim Yes
Bodily Injury/Property Damage Impact Third Party Claim No
Defamation Impact Third Party Claim Yes
Media Liability Impact Third Party Claim Yes
Loss of Sales/Customers Impact First Party Loss Yes
Crisis Management Expenses Impact First Party Loss Yes
Brand/ Reputational Damage Impact First Party Loss Partial
Regulatory Investigations and Fines Impact First Party Loss Partial
High risk
Medium risk
Low risk
This chart is for illustrative purposes only and provides a generic perspective of certain Industry Sectors. This should not be relied upon and consultation should be made with a Cyber risk management expert or your insurance broker. Source Cyber Risk & Insurance Forum

All Businesses are faced with an increasing number of cyber threats including some of the following:

  • rogue employees stealing hardware or data to gain competitive advantage, sell on to criminals or for extortion
  • negligent employees sending incorrect data, losing hardware or falling victim to phishing attacks.
  • hackers
  • malware
  • poor IT controls
  • data breaches as a result of outside providers with inadequate security
  • backdoor intrusion into the business through employees social networking accounts
  • employees accessing company data through their own smartphones or tablets, this is often referred to as Bring Your Our Device (BYOD) working

Completing the on-line proposal form will do two things:

  1. make you consider where you are or might be vulnerable
  2. enable us to obtain bespoke quotations for you – without any obligation on your part.

Application Form

Get a quote

Our Insurances

Allotment

Everything in life carries a risk and allotments are no different

Commercial

We offer a wide range of property, liability and other covers that can be tailored to meet the needs of your business.

Cyber Risks

Cyber security and the protection of information can be a challenge for companies of all sizes.

Freight & Marine Cargo

We specialise in Cargo Insurance, which includes transits by any method including sea, air and road.

Home Insurance

The properties insured range from a humble croft to something rather grander.

Liability

Liability insurance in its simplest or most complicated form is to protect against litigation.

Package

Package Insurance is just that!

Park & Leisure Homes

Our new policies for Park Homes and Leisure Homes.

Professional Indemnity

Professional indemnity Insurance is designed to protect you against financial loss caused by negligence, error or omission.

Property Owners

We cater for both commercial and domestic properties. Single properties and substantial portfolios.

Swim Insurance

Swim Teachers and Swim School Insurance.

Health & Wellbeing

BGi.uk have designed a series of Insurance policies – for individuals, for groups and for businesses.

Subscribe to Newsletter