We’ve identified the cyber risks that have the potential to really hurt business and combined insurance and emergency response to suit.
After a breach of your network there may be recovery costs. For example:
Amounts you become legally liable to pay arising out of a claim against you by a third party. For example:
Your business may have been interrupted due to a breach and you incurred costs to continue normal operations or to avoid the effects of the interruption. Your business financial position may have also reduced during the interruption.
Seek Edmund’s help. You may incur costs from a credible extortion threat to harm access to, or use of, your network, software or data, including personal and commercial information.
In the defence, settlement or appeal of a claim against you; or a regulatory proceeding issued against you for a breach of privacy laws or payment card industry data security standards.
If you paid or transferred any money to another account because a person pretended to be a client, supplier or employee, and that person fraudulently misrepresented a fact which you believed and relied upon.
(Note: A quote for this cover is only provided if you select YES during the online application process.)
After a cyber threat or breach and you yell for help, you will be reimbursed for Event Recovery Costs incurred without Edmund’s prior written consent provided those costs are incurred by Edmund’s Emergency Response Unit.