Providers of technology products, platforms and solutions face an array of financial exposures, to their customers, their customers’ customers and from their third-party service providers, including:

  • Breaches of contract
  • Human error
  • Denial of service
  • Network security and privacy
  • Intellectual property rights
  • Virus / malicious code transfer
  • Product failure
  • Property damage
  • Bodily injury
  • Defamation
  • Regulatory investigation
  • PCI fines and penalties

Our Cyber Liability cover (first and third party) can include cover for:

  • Virus transfer - both internally and to third parties
  • Financial loss arising from breach of privacy
  • Unauthorised disclosure of personal or corporate information
  • The costs of restoring your network after a security breach
  • The costs of notifying your customers for breaching their personal data
  • Your credit monitoring costs sustained by you following a security breach
  • Your public relations costs following a security breach
  • Your forensics costs following a security breach
  • The costs of resolving a cyber-extortion threat
  • Your loss of income following a cyber-security breach
  • Your increased operational costs following a cyber-security breach