Not all of your valuable assets are tangible - you can protect against a data breach or malicious cyber hack with a Cyber Liability policy arranged by Pace Ward.
If your business is targeted by a hacker or suffers a GDPR personal data breach, it can take time and money to fix. This can disrupt your business, leading to lost revenue, damaged reputation and regulatory fines.
Statistics show that the average annual cost for businesses that lost data or assets after a breach was £4,180, and 32% identified cyber breaches or attacks in the last 12 months. It was also found that 95% of security incidents were a result of human error.*
You can prepare for this with a Cyber Liability policy which can include the following covers:
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