Technology Professional Liability
Cyber and Technology Insurance – Protecting Your Online Assets
From standard technology and social media to online transactions, they all play a crucial role in how organizations and businesses conduct themselves.
Unfortunately, these channels serve as a breeding ground for cyber-attacks.
Whether launched by regular hackers, criminals, or even nation-states, cyber-attacks are highly likely to occur to any business online at some point or another. However, the damage they do can never be predicted, from moderate to severe loss for businesses big and small.
As part of risk management, companies now need to consider the necessity of technology insurance, otherwise known as cyber insurance.
What is Cyber Insurance?
The term Cyber Insurance refers to a Cyber Risk Insurance Policy or Cyber Liability Coverage.
It's explicitly designed to help an organization or business mitigate its risk exposure. This is carried out by an adequate insurance policy that helps offset the costs involved during recovery of a cyber-related security breach or an event similar. Cyber insurance policies taken out by companies are always increasing, which shows that organizations are recognizing the need for its existence more than ever.
Cyber Liability Insurance covers everything, including investigations (determining how the event occurred); business loss; privacy and notifications; lawsuits, and extortion.
Despite this, Cyber and Technology Insurance is ever-evolving. Cyber Risk itself changes frequently. This is why our Cyber Liability Policies are always up to date – Protecting you against tomorrow's risks today.
The Benefits of Cyber Liability Insurance
Our bespoke Cyber Liability Policies provide a variety of benefits such as:
- Full limit cover for fraud and dishonesty of employees
- Cyber-Terrorism for Communications, Media and Technology (CMT) Companies
- Cyber Liability Cover for First- and Third-Party Privacy and Network Security
- Broad and Comprehensive Cover provided for Intellectual Property Rights Infringement
- No Limitations for Insured Losses caused by Untargeted Malware
- A globally recognized team of Cyber Solutions experts that provide Cyber Risk Management Services to prevent data breaches and data loss proactively
Technology Insurance and Cyber Liability Specialists – Cover You Can Trust
Here at Servca, we recognize the need for a fully comprehensive Cyber Insurance Policy, which is precisely why we work with specialist Lloyd's of London syndicates in the development and the underwriting of emerging risks; our policies are the most up to date they can be.
We cover global Professional Indemnity, offering Directors and Officers cover alongside our Cyber Liability policies were adequate and appropriate. As specialists in PI, we offer what is essentially an enhanced insurance policy, specifically designed to cater to the needs and inherent risks of the Global Technology Sector.
Market-leading insurers underwrite us from the world's biggest Insurance Market – Lloyd's of London. Our policies are competitively priced to ensure everyone, regardless of whether you are a private and publicly traded company, meaning you receive the best deal possible at a reasonable value.
At Servca, we are leaders in emerging risks and pride ourselves on offering value for our clients, which, compared with other policies, helps us stand out from the crowd.