Cyber Liability Insurance for charities
There are only two types of companies, those that have been hacked, and those that will be.
Does your charity:
- Hold sensitive customer data electronically, such as names, addresses or banking information?
- Rely heavily on IT systems and websites to operate?
- Have a website?
- Use email or social media?
- Accept payments online or by card?
If the answer to any of these is yes, we advise protecting yourself from cyber crime.
A Cyber Liability insurance policy can cover the following type of losses:
- Breach costs can offer practical support in the event of a data breach including forensic investigations, legal advice and notifying customers or regulators.
- Cyber business interruption cover can compensate for loss of income, for example, if a hacker targets your systems and prevents your organisation from earning revenue.
- Hacker damage cover reimburses you for the costs of repair, restoration or replacement if a hacker causes damage to your websites, programs or electronic data.
- Cyber extortion will protect you if a hacker tries to hold your organisation to ransom by covering the ransom you have paid, as well as the services of a leading risk consultancy firm to help manage the situation.
- Network security, privacy and confidentiality liability.
- Network security, privacy liability (regulatory).
- Crisis containment can provide expert support to mitigate reputational damage.
- Privacy protection cover pays to defend and settle claims made against you for failing to keep people's personal data secure.
- Cyber terrorism.
- Payment card industry data security standard – fines.
- Penalties and assessments.
Extensions which you can add to your policy include:
- Outsource service provider or cloud service provider failure.
- Income loss and extra expense.
'Unity treats you individually to ensure the correct cover is in place. Very responsive to queries.'
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