Cyber and data insurance
Covers you against the cost of:
- expert consultants, including IT forensics, legal and PR required to investigate and respond to a cyber attack or data breach
- responding to claims and investigations alleging a breach of GDPR
- fraudulent transactions made to criminals following a phishing attack
- lost revenue suffered because of a range of cyber threats, including where caused by damage to your reputation
- losses suffered by directors of the business in their personal capacity
You may face additional risks if:
- you hold sensitive customer data, such as banking information
- you are reliant on computer systems to run your business
- you connect with your customers online
Policy documents
A summary of the key features and limitations of your policy
For the terms and conditions of your policy
What's covered We will pay for losses incurred by you if you suffer:
If you suffer any of the above, we will pay:
We will also cover you if:
Cyber Business Interruption cover If you include Cyber Business Interruption cover, we will pay for losses incurred by you if you suffer:
If you include Cyber Business Interruption cover, we will pay for losses incurred by you if you suffer:
Financial crime cover If you select to include financial crime cover, we will pay for your losses if you discover a loss from:
We will also:
You'll also get access to the Hiscox Risk Academy, an online cyber security training platform for you and your employees. If 80% of your employees successfully complete the training, then your excess will be reduced by £2,500 (or waived if the excess is below £2,500) For full details of what's covered, see your policy documents. |
What's not covered We do not pay for any claims, losses, breaches, privacy investigations or threats due to:
For full details of what's covered, see your policy documents. |
What do you mean by personal data?
For the purpose of this policy, personal data is any information you hold relating to a living person that could identify that person either by itself or alongside other information you hold or could hold in the future. This could be, for example, personal information such as a phone number, email address or home address. This also includes credit card numbers of customers.
Does CyberClear insurance protect me if one of my employees hacks my computer system?
Yes, we will cover you if an employee maliciously targets you and gains unauthorised access to your computer system. However, independent contractors, if you use them, and any partners in your business would not fall within the definition of a hacker, and so misuse of your computer systems by them would not be covered.
Does CyberClear insurance only cover my digital data?
No, non-electronic data is also covered, so you will also be protected if, for example, a briefcase containing sensitive paperwork is left on a train or stolen.
I store my data in the cloud; is this cover relevant for me?
Yes. Although the storage of the data has been outsourced, as a data controller, you are still ultimately responsible for it. Our policy specifically responds to breaches of data held on your behalf by third parties.