Cyber Liability & Data Risks Insurance from Vantage Professional Risks is more than just a policy that simply pays out if your business suffers a loss. Should an incident occur, we will actively work with your business to identify and shut down the vulnerability.
Cyber Liability & Data Risks Insurance is the means by which you can protect yourself from cyber/electronic crime. However before you purchase this type of cover, it is very important that you understand how it is provided in conjunction with the risks faced.
The risks and exposures faced are split into two loss categories:
- Third party Losses – Costs incurred by your clients, suppliers or any other third party to whom you could owe a duty of care in relation to protection from cyber or data privacy exposures.
- First Party Losses – Your businesses own costs incurred following a cyber attack or data privacy issue.
Having good network security and set processes is simply not enough to sufficiently protect your business from the ever-evolving risks you can be faced with.