Cyber risks are no longer ‘emerging’. In fact, they are now one of the pre-eminent challenges facing businesses today. Not only are attacks becoming more frequent, but their scope and sophistication are escalating. Are you cyber prepared?
INSURANCE FOR ONE OF THE BIGGEST RISKS FACING YOUR ORGANISATION
Today’s cyber risk environment is multi-dimensional, with the impacts from attacks taking many different forms, including loss of data and software, theft of intellectual property (IP), property damage, business interruption and reputational damage to name a few. Business costs have risen sharply as a result; however the uptake of cyber insurance policies remains low.
According to the MinterEllison Perspectives on Cyber Risk Report 2017 only 25% of the Australian businesses surveyed hold specialist cyber risk insurance, while a further 32% are unsure of whether cyber risk was addressed in their insurance arrangements.
OUR INDUSTRY LEADING APPROACH
JLT’s success comes from using insight, intelligence and imagination to provide expert advice and robust – often unique - cyber insurance solutions. We build partner teams to work side by side with you, our network and the market to deliver carefully considered responses. Our cyber insurance solutions protect your organisation from many of the first and third party costs and expenses that may result from a cyber-attack, a breach in network security or a cyber incident affecting a service provider. By assessing your risk profile and coverage priorities we are able to advice you on the most appropriate Cyber & Network Security insurance policies.
Our approach is based around four fundamental steps:
- Assess your Cyber & Network Security risks
- Consider your existing insurance arrangements in the context of those risks
- Determine which of the residual risks you wish to transfer by way of a Cyber & Network Security insurance policy
- Determine which insurance solution will provide the most appropriate level of cover
This approach provides an assessment of your unique risk profile and appetite, allowing us to provide you with the most suitable risk transfer solutions, customised for your specific needs. We also provide your organisation with access to a dedicated and experienced breach response team to manage any cyber incident from initial notification through to resolution.
Potential Cyber and Network Security insurance policy coverage:
FILLING IN THE GAPS IN YOUR COVER
Traditional insurance policies do not typically include certain cyber events. Be sure your policy includes Cyber & Network Security cover. Our team of specialists can help you gain clarity of your coverage and fill in any crucial gaps.
ARE YOU CYBER PREPARED?
Talk to us now. We’re ready to help you.
Samuel Rogers - JLT Insurance |T: +61 (02) 9290 8036 | E: email@example.com
Paul Johnson - JLT Consulting | T: +61 (02) 9290 8020 | E: Paul.Johnson@jlta.com.au