Helping to reduce cyber insurance complexity
Many businesses are more digital than ever before. They're introducing more technology-enabled solutions such as cloud computing and artificial intelligence. Unfortunately, this means businesses could be targets for cybercriminals.
1 in 5 businesses say they have been a victim of a cyber-attack or cyber fraud in the last 12 months.*
Why choose us for cyber insurance?
- We can offer cover for first party, third party and reputational management costs - which could help to protect your business against financial loss due to a cyber incident.
- We can help you create an cyber incident action plan - this can help with a a swift and organised response to a cyber incident maintaining your organisations resilience.
- We can reimburse you for revenue lost in the event of an attack, extortion or data breach on your IT system or that of your outsourced IT or data provider.
- If a hacker holds your business to ransom we can help with recovery costs and / or cash payouts which could with help with restoring systems, conducting forensic investigations, minimising disruption, lost revenue and the ability to negotiate and meet ransom demands.
- Notifying your customers of a data breach can be expensive and we can help cover these costs.
- We can also offer bespoke policy options which can be added to your policy - for more information on these, please get in touch with your Insurance Broker.
- You'll get access to risk management support to help you improve your cyber risk management strategies.
Why choose Aviva for Cyber?
- Speed is of the essence after a cyber incident, so you need a strong team to help control the event. Our incident response managers are available 24/7 to co-ordinate the necessary specialist IT security, legal and PR experts to help get your business back up and running as quickly as possible.
- A forensics expert is available to help you with identifying, containing and resolving the problem through data restoration.
- We can cover the costs of utilising expert public relations and legal consultants to mitigate and minimise negative reputational or brand damage.
- We'll pay the costs of notifying those affected in the event of a breach and offer them credit monitoring.
- We'll cover the consulting costs to prepare for any regulators' probe into the breach without jeopardising the your businesses' financial stability.
- An excess is only payable if a specialist is appointed, if just advice is given, there's no excess.
- We can help to cover costs to improve your company's cyber security following a claim. It could involve installing software, applications and other technologies, such as two-factor authentication.
Multinational Capabilities
We can lead global insurance programmes worldwide through our London-based Multinational Hub and our partner network covering 170 global territories. We strive to provide a seamless, client-focused end-to-end service – creating controlled master programmes for corporate clients.
Our underwriting appetite
Our diverse underwriting appetite allows us to write more than you may think.
* Proprietary Aviva Research conducted via online interviews with 1,218 senior UK business leaders, fieldwork conducted between 15 September - 8th October 2023