Insurance for Cyber events and related issues is still quite new. Insurers are still trying to:

  • Understand the risks that each client faces
  • Evaluate the possible costs relative to any breach/claim
  • Calculate a premium that will cover all claims during the insured period

It may well be some years before they have sufficient underwriting data to properly understand and calculate their exposure. A lot of claims will have to be made and paid before this accurate information is available.

You can present your business to insurers as a better than average risk if you follow the our suggestions outlined here-in. You might could benefit from wider policy terms and lower premiums in recognition of the efforts that you have taken.

You may decide that, with your new-found knowledge, insurance is not really required. Whilst we might understand such comment, we would not suggest you gamble with the unknown.

Useful links

  • Cyber web pages
  • Sample Cyber Policy Wordings
  • Cyber Training for ‘screen facing staff’
  • Basic scanning of any company’s web profile outlining areas of weakness and vulnerability
  • In depth scanning of any company’s web profile outlining areas of weakness and vulnerability
  • Full Cyber Audit to establish any weaknesses in any Company
  • Secure e-mail, Registered e-mail; Signature required e-mail
  • Understanding and dealing with GDPR regulations
  • Data responsibilities summarised
  • GDPR regulations explained
  • GDPR on-line course
  • Cyber Essentials – basic requirements
  • List of Cyber-threat terms and explanations
  • Video 1 demonstrating Cyber-risks
  • Video 2 demonstrating Cyber-risks
  • Cyber articles relative to the freight forwarding and shipping services
  • Cyber Articles relative to Intellectual Property
  • Cyber Insurance Application form