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Data protection insurance

Protection against the unexpected

Human error

Human error

Everyone can make mistakes and it’s all too easy to lose control of the personal data in your organisation. If your business manages personal information then you are at risk. A lost laptop, or an email marketing campaign to the wrong group. It’s easy to do and can be very costly.

Investigations and penalties

Investigations and penalties

Something as simple as a disgruntled employee or as serious a data breach, both can quickly lead to a regulatory investigation and the remote but very real possibility of fines. Investigations take up a lot of time you don’t have spare, and the costs can ramp up very quickly.

Data breaches

Data breaches

It’s not a matter of if, but when a data breach will occur. Where there’s personal data it’s only a matter of time until it is breached. Either by unintended disclosure or by error. The risks are great and the penalties are severe. There’s also the damage to your reputation to consider.

Business interruption

Business interruption

Data security incidents and cyber threats can cause havoc to your day to day operations. When you suffer a security breach or a system failure the implications can slow or even entirely prevent your business from operating normally. The interruption can be damaging and costly.

Cyber attacks

Cyber attacks

Malicious threats like malware, ransomware, spyware and scareware are all on the rise. Cyber extortion is also a real threat, even for smaller businesses, and the consequences can be devastating. Businesses of all sizes are at risk, especially if they accept digital payments.

Financial crime & fraud

Financial crime & fraud

Where there is money there is often cybercrime and fraud. Credit cards and bank information are prized and the scams and methods of accessing them are many and sophisticated. Financial crime can not only be very costly for the individual but also the company involved.

Relax, you're safer with data protection insurance

Safer business

You are still at risk even if you are fully compliant with the GDPR. Mistakes and data breaches can happen, and can be expensive to fix, leading to possible investigations and penalties. Data protection insurance covers you for the risks that you can’t control.

Peace of mind

If your business suffers a data incident or is investigated by the regulator, it takes time and money to fix. Data Protection Insurance will support and protect your business and help you to get back on your feet.

Rapid response team

Expert assistance when you need it most! The emergency response team of expert case managers and lawyers will swing into action to remedy your data incident and ensure you get back lost funds or costs.

What is data protection insurance?

Data protection and cyber insurance is designed to provide support and protect your business when you experience a data breach, cyber extortion threat, or incur regulatory defence costs and penalties, among other things.

Data protection insurance is for businesses that do any of the following:

  • Store personal information, email addresses, etc.
  • Use computers and software to run your business
  • Have a website or use cloud services
  • Accept or make electronic payments

You're in safe hands

Beazley

We've partnered with Beazley, a leading insurer of technology and information security risks, who have developed the insurance market's most comprehensive solution to privacy breaches and information security exposures.

With three decades of experience in providing clients with the highest standards of underwriting and claims service worldwide, you can rest assured knowing you're in safe hands

Insurer of the Year

Reactions London Market Awards 2019

Claims Team of the Year

Reactions London Market Awards 2019

Cyber Risk Event Response Team of the Year

Advisen Cyber Risk Awards 2018

Fast moving expert response team

When a breach occurs, you need to be ready to respond quickly and effectively to mitigate your exposure to reputational damage and legal liability. Beazley makes this easy. Experts quickly connect with you to provide practical guidance and help you, connecting you with a network of specialist vendors ready to jump to your aid.

Dependable, high quality claims service

Beazley prides itself on providing a dependable, high quality claims service has been at the heart of it’s business for three decades. They aim to provide a service that will exceed your expectations for: Expertise, Responsiveness, Fairness and Accountability.

What are you covered for?

The data protection insurance PORT offers is designed to protect your business against the risks of managing personal data.

GDPR non-compliance

Where personal data is accessed without permission, the insurer will offer practical support like forensic investigations, legal advice, notifying customers or regulators. Beazley can also help with credit monitoring for your affected customers.

Regulatory investigations

The insurance will pay to defend and settle claims made against you for failing to keep customers’ personal data secure, or for allegations of non-compliance with GDPR. The insurer will also pay the costs associated with regulatory investigations and settle civil penalties levied by regulators where allowed.

Data breaches

In the event of an actual or suspected data breach or network security breach, the policy covers your costs for legal and forensic services, notification services, call center services, credit monitoring, identity monitoring or other personal fraud or loss prevention solutions, and public relations and crisis management costs.

Human error

When mistakes made by staff or suppliers result in a data breach, the policy will cover the costs to get your organisation operational again.

System damage

The insurer will reimburse you for the costs of repair, restoration or replacement if your computer network, systems, website or electronic data are damaged by a hacker, virus or cyber attack.

Cyber Extortion

If a hacker holds your systems or data to ransom, or threatens to publish information, the policy will cover any ransom costs that may have to be paid and the services of a leading risk consultancy firm, to help manage the situation.

Privacy protection

If during the period of insurance, any party brings a claim against you. We will pay the cost of any regulatory award you are legally liable to pay, PCI charges, privacy forensic costs, privacy investigation costs and defence costs.

Financial crime and fraud

If during the period of insurance, any party brings a claim against you. We will pay the cost of any regulatory award you are legally liable to pay, PCI charges, privacy forensic costs, privacy investigation costs and defence costs.

Reputation protection

If any party brings a claim against you for any actual or alleged infringement of any intellectual property rights, defamation, including libel, slander, or malicious falsehood the policy will cover the cover costs in defending.

Digital Assets

The insurer will pay the cost of repairing, replacing or reinstating any digital assets or tangible property that has been stolen or damaged by a hacker.

Business interruption

Covers the costs of getting your business back to normal including lost income, forensic expenses, and extra expenses you might incur to minimise the impact of the security breach on your business.

Media Liability

Covers you for damages and claims expenses if you release media material to the public that inadvertently violates the rights of an individual or infringes copyright. You are also covered for defamation, libel and slander.

Please note that this information provides a summary of data protection insurance. It does not contain the full terms and conditions of the insurance, which can be found in the policy wording.

This summary does not form part of the contract of insurance.

Need more detail?

Download a summary of what data protection insurance covers and the policy wording here:

View policy summary (PDF, 313KB)View policy wording (PDF, 478KB)

Data protection insurance FAQs

What is data protection insurance and what does it cover?

What is not covered by data protection insurance?

Is it mandatory to take out data protection insurance?

What businesses are at risk of GDPR fines and investigations?

Can I get PORT without Insurance?

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