Cyber insurance for Belfast businesses
Belfast has grown into a genuine technology and fintech centre, its businesses handling data and money at the regulated end of the spectrum. Where regulation is tight, a breach brings the regulator as well as the criminals.
Where the risks come from for Belfast businesses
After a data breach, a business can face investigation by the Information Commissioner and, in regulated sectors, other authorities, with the cost of responding, the defence, and potentially fines and penalties. The regulatory response can outlast and outcost the attack itself.
A Belfast example
A Belfast business suffers a breach that draws a regulatory investigation into how it handled and protected the data. Cyber cover meets the cost of responding to and defending the investigation, and, where insurable, the resulting penalties, alongside the breach response itself.
What cyber insurance covers
Cyber cover can meet the costs of regulatory investigation and defence following a breach, and insurable fines and penalties, on top of the technical response and liability. For regulated businesses, that regulatory cover is central.
Placing it in Belfast with Apex
We make sure the cover reflects the regulatory as well as the criminal side of a breach, which for a regulated business is half the exposure. Apex arranges cyber cover through one named broker. Regulated by the FCA; established 2009.
Related
Get the right commercial cover, placed by a named broker
Tell us about your business and we’ll place it on the specialist market — or leave your number and a named broker calls you back, usually the same working day.