Cyber insurance is a key requirement for any business that stores client data, uses online systems, computers, servers, software or devices. Standard commercial policies typically do not provide cyber liability cover, which means if your business is targeted with a cyber-attack you will not have insurance to cover the financial and reputational losses.

Here at OBF Insurance Group we understand the types of cyber threats that businesses are facing and offer cyber insurance policies which are tailored to the individual business requirements.

Our bespoke cyber insurance policies can include cover for:

• Extortion Covers the costs from cybercriminals holding files for ransom.
• Legal fees Covers the lawyers' costs for claims arising from data breaches.
• Theft coverage Covers the theft of money, hardware or software arising out of a cyber attack.
• Fraud coverage Covers the theft of property and money due to computer fraud.
• Privacy liability Covers the cost of third-party claims caused by a data breach.
• Crisis management Covers the cost of PR and business reputation recovery.
• Forensic investigation Costs are covered for specialist investigations into the cyber-attack.
• Data loss and restoration Covers the costs of recovering electronic data.
• Business interruption/ downtime Covers the loss of income due to cyber-attacks. Options to include multimedia liability, network interruptions and more.