Cyber risks to businesses
Global organizations rely increasingly on networks, cloud technology and computing systems which are exposing companies to new and emerging cyber threats. Media attention towards cyber breaches has increased significantly over the past five years, increasing the importance of the network, data security and privacy systems and risk transfer to protect branding and reputation.
A data breach to your organization could be financially damaging and may include costs related to first and third parties, branding and reputation damage, legal costs and notification expenses to your customers.
Summary of possible coverages
- Cyber response expense
- Computer attack
- Breach of personal data
- Business interruption
- Hacker damage
- Cyber extortion
- Third-party coverage
- Network security liability
- Ransom demand negotiations
Data compromise coverage
- Electronic theft
- Denial of service (DOS) attacks
- Ransom demands
- Physical theft of electronic data
- Physical theft of hard copy files
- Procedural errors
- Inadvertent employee or contractor error
- Injection of SQL
- Malicious insider
- Lost, stolen or hijacked device
Risk management for cybersecurity threats
Our risk management team can develop a tailored program to mitigate exposures and enhance your cyber insurance coverage to ensure you are appropriately protected.
Call in the experts from Reliance Insurance to help with a Risk Assessment tailored to your company and operations.
You may need:
We'll help prevent you and your organization from buying too much or too little insurance coverage.
Reliance offers protection beyond insurance for your business.
Prevent loss of income if your premises are damaged.
Directors & Officers
As a director or officer, protect yourself from being sued.
Reliance is genuine about making sure your business is properly protected and puts your interests first above all else.
— President, Value Drivers
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