Chalkwell Insurance announced last year that the Westcliff-based broker would be expanding their insurance services in line with growing concerns around cyber crime.
Cyber Liability Insurance is offered both as part of a business insurance package and as a stand-alone service for individuals and businesses; since it is being advised to better protect your data in a multitude of ways – which your local insurance broker can assist you with.
You have likely heard about the data protection laws (GDPR) having been introduced across Europe in 2018 in response to wider cyber security concerns and it’s alongside these policies that cyber security has had to evolve; as data breaches and cyber crime becomes more and more sophisticated.
Since 25th May 2018, Europe’s tighter data protection laws took effect, as demand continued to increase for small businesses in particular; who remain especially vulnerable to cyber attacks; to expand their current cyber protections, both internally and externally.
Current government data reveals that 46%, nearly half, of British businesses reported a cyber breach or attack in 2017 – a steady increase from previous years. So, whilst you ensure you update your software regularly, your insurance broker too, should have you covered.
Having your local broker arrange your cyber insurance package means more choice and a more tailored service for you and your business and should you need them – the experts are there – not just agents in a call centre.
With policies covering from data breaches to extortion liability cover, perhaps you or your business could benefit from one of Chalkwell Insurance’s cyber insurance packages?