Cyber Liability Insurance - from Edison Ives

Cyber Liability Insurance

As technology becomes increasingly important for successful business operations, the value of a strong cyber-liability insurance policy will only continue to grow. The continued rise in information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses. Regulations such as the General Data Protection Regulation (GDPR) must also be considered, because a loss of sensitive personal information may subject you to fines and sanctions from the Information Commissioner.

In an age where a stolen laptop or hacked account can instantly compromise the personal data of thousands of customers, protecting yourself from cyber-liabilities is just as important as some of the more traditional exposures businesses account for in their general commercial liability policies. Call today on 0113 3904646.

What is Cyber Liability Insurance?

A traditional commercial insurance policy is extremely unlikely to protect against most cyber-exposures. Standard commercial policies are written to insure against injury or physical loss and will do little, if anything, to shield you from electronic damages and the associated costs they may incur. Exposures are vast, ranging from the content you put on your website to stored customer data. Awareness of the potential cyber-exposures your company faces is essential to managing risk through proper cover.

As reliance on technology continues to increase, new exposures continue to emerge. As your business grows, make sure your cyber liability insurance cover grows with it. Edison Ives is here to help you analyse your needs and make the right cover decisions to protect your operations from unnecessary risk. For more info email Edison Ives.

The Threats

Data breaches – Increased online consumer spending has placed more responsibility on companies to protect clients’ personal information.

Business/Network Interruption – A cyber issue that cripples your IT could cause you or a third party that depends on your services, to lose revenue.

Intellectual property rights – Your company’s online presence, whether it be on your website, blogs or social media, opens you up to exposures such as libel & copyright infringement.

Damages to a third-party system – If an email sent from your server has a virus that crashes the system of a customer or the software your company distributes fails you could be held liable for the damages.

System Failure – A natural disaster, malicious activity or fire could all cause physical damages that could result in data or code loss.

Cyber-Extortion – Hackers can hijack websites, networks and stored data, denying access to you or your customers.

Canva CYBER SECURITY Business TechnologyFirewallAntivirus Alert Protection Security And Cyber Security Firewall Scaled

Request A Quote

Defining, Identifying and Limiting Cyber Crime

Types of Computer Intrusions

  • Viruses – A virus is a tiny piece of software that attaches itself to a program on your computer. From there, it can attach itself to other programs and can manipulate data. Viruses then quickly spread from computer to computer, wreaking havoc. Email viruses became a popular method for hackers to infect computers in the late 1990s. These early viruses were triggered when a person downloaded an infected document. When the document was opened, the virus would send that document to the first few recipients in the person’s email address book. Some email viruses were so powerful that many companies were forced to shut down their email servers until the virus was removed.
  • Worms – A worm is a computer program that copies itself from machine to machine, using a machine’s processing time and network’s bandwidth to completely bog down a system. Worms exploit security holes in software or operating system, spreading very quickly and doing a lot of damage to a business.
  • Trojan horses – Common in email attachments, Trojans hide in otherwise harmless programs on a computer and, much like the Greek story, release themselves when you’re least expecting it. And also like the story, the computer user has a part in letting the Trojan into the system. Trojans differ from viruses in that they must be introduced to the system by a user. A user can knowingly or unknowingly run an .exe file that will let a Trojan into the system.
  • Spyware – Spyware can be installed on a computer without the user ever knowing it. Spyware is used by hackers to track browsing habits or, more importantly, collect personal information such as credit card numbers and bank details.
  • Logic bombs – Logic bombs are pieces of code that trigger upon the happening of an event. For example, a logic bomb could be set to delete all the contents on a computer’s hard drive on a specific date. There are many examples of disgruntled employees creating logic bombs within their employer’s computer system. Needless to say, logic bombs can cause serious damage to a company’s digital assets.
  • Denial of Service (DoS) and Distributed Denial of Service (DDoS) Attacks – DoS and DDoS attacks are used to send an overwhelming amount of data to a target server, rendering that server useless. A hacker does this by gaining control of a number of computers and then sends a large amount of data to a target server that it can’t possibly handle. The result could be thousands or millions of pounds in lost sales for an online retailer.

Limiting Intrusions

  • Firewalls – Firewalls are pieces of software that control the incoming and outgoing network traffic on a computer system. Most computer operating systems now come with a preinstalled firewall for security. While they are not the be-all end-all of preventing intrusions, they are a reliable start.
  • Routers – Routers are  hardware that keep unwanted traffic out of a computer system. They differ from firewalls in that they are standalone devices that must be bought separately–they are not included in an operating system.
  • Antivirus programs – Antivirus software is designed to catch and eliminate or quarantine viruses before they can harm a computer system. Antivirus software runs in the background to ensure your computer is protected at all times. While they are updated frequently, they may not catch the newest viruses that are floating around.
  • Policies – Every company should have policies in place to educate employees on the dangers of computer intrusions and ways to prevent them. Make sure your employees know not to open, click on or download anything inside emails from untrusted sources. Employees with an intimate knowledge of the company’s computer network should also be alerted of the potential consequences of hacking into the system.
  • Common sense – Everyone claims to have it, but if that were actually the case, many viruses, worms and Trojans would cease to exist. The simple fact is that everyone in the company needs to exhibit some common sense when using a computer. Encourage employees to disregard emails with subject lines and attachments that seem bogus or too good to be true.

To discuss your insurance needs please call today on 0113 3904646, or visit our Contact Us page.

A Little Bit About Us

Getting a quote from Edison Ives

To source the cyber liability insurance quotation, we just need to understand a bit more about you and your business. We will then go about obtaining quotes, and then provide you with the best solution. In addition, we won’t just source insurance, we are there to act as your business insurance consultant, and support your business where possible. If you are happy with the quote you can pay there and then, via BACS or by taking out instalments and spreading the payments out over 6 or 10 monthly payments.

Who are Edison Ives?

At Edison Ives we’ve built up decades of experience and a network of cyber liability insurance underwriter contacts. We have access to ‘broker only’ markets, niche markets, major markets, and specialist underwriting agencies. As we’re not tied to anyone, or owned by a big corporate, we use the markets we choose, meaning we go where we feel is best for you.

We’re an independent business, supporting other independent businesses. We’re a ‘different’ kind of insurance broker and we passionately support other small and medium sized businesses wherever possible. We protect your business as if it was our own.

When you deal with Edison Ives you will get a dedicated account manager. This will be the same person that arranges your quotation, speaks to you at renewal and should the worst happen co-manage your claim. All our account managers have a cap on how many clients they deal with to ensure that that personal service is never lost. We are proud members Hedron Network and BIBA. To discuss your insurance needs please call today on 0113 3904646, or visit our Contact Us page.

Our Clients Rate Us

Efficient, pleasant and cost effective

Very efficient, pleasant and cost effective service from Tony Suryavansi.

David Simpson
Excellent service

Always an excellent service, super helpful, friendly and professional.

Chipp Coffee Co.
Incredibly helpful and supportive

I have to say that Tony Suryavansi from Edison Ives not only gave us the lowest quote for the insurance on the building in which our flats are located but also was incredibly helpful and supportive. So there was no question that we would choose the insurance he proposed and we look forward to working with him again next year,

John O'Sullivan
Made life easy

Maria made life very easy for me I told her what I wanted and she sorted it for me a great service thanks Maria 👌

Paul Snelling
Claim dealt with efficiently and quickly

For the first time in many, many years I had to make a claim when a tenant left one of my properties having damaged an expensive front door. Nikki handled the claim efficiently and quickly, and RSA were also quick and ready to approve the claim. Great service - thank you

Robert Hadaway
A good deal

If you want a good deal in Business insurance tailor made for you, make sure you deal with Edison, they team will get you sorted in no time and no headache, and if want to enhance your experience ask for Gobind !
Thank you

Fateh Ayad
Very professional

Very professional, I dealt with Andrew, he was polite, phoned when he said he would and got me a good price for my public liability insurance. Five 🌟. Would definitely recommend.

Ian Patrick Spring
Excellent Price

Excellent Price and a Great All-round Experience from Gary

Mark Hughes (Trenchstyle)
I can’t recommend Edison Ives highly enough

Gary did an amazing job for our building saving us over £15k in our renewal premium that was quoted by our old broker. They have made the entire process of switching very simple and efficient. I can’t recommend Edison Ives highly enough.

Paul Harper
Excellent service

Excellent service from Gary, prompt, clear and the best quote! I will not hesitate in using again.

John Palmer
Competitive Quote

Very prompt, knowledgeable and friendly service from this team who got a competitive quote for our block of flats insurance, would recommend!

Henry Mortley
Excellent Service

Excellent service and easy to deal with.

Fred Bishop
Customer Service Was Fantastic

After spending several weeks looking for insurance and not managing to find anything suitable I finally found Edison Ives. Tony took the time to listen to my business insurance needs and find appropriate and reasonable insurance for us. His customer service was fantastic and he explained everything fully so I know exactly what we are covered for. I have already recommended them to friends and will definitely be using them again.

Natalie Lofthouse
Felt Looked After

This year, Paul Blyth looked after me. It felt like Paul knew straight away I didn't want anyone to waste my time. He got straight to the point, pointing out the most important things in my cover which I knew about....but it was nice that it was brought to my attention....whereas other insurance company didn't even mention these points. Hence I say I felt looked after by Edison Ives.

MML Reviews
Exceptional Advice

We have been in business for 40 years and in that time I have dealt with numerous insurance brokers, in obtaining guest house insurance. However I must say that if have found Paul Blythe of Edison Ives exceptional in the level of advice and overall helpfulness. The policy price that he negotiated was very competitive and he managed to obtain a longer unoccupation of our business than normal. He is a man on top of his job and I was more than pleased to place my next policy with his company. I would urge anyone seeking business insurance to at least give Paul an opportunity to quote.

The Jays Guest House
Answered All Our Questions

We needed Public Liability Insurance and we were given Edison Ives contact details we spoke to Gary Thorner he was excellent answered all our questions and gave us 3 options. We highly recommend this company. Dyers Quality Joinery LTD.

Zara Dyer
Nothing Was Too Much Trouble

The guys at Edison Ives were brilliant. The insurance required was a little unusual and some brokers were unable to help but this company helped to ensure they found a policy that would cover all aspects and at the best price. Nothing was too much trouble. I would DEFINITELY use them again and recommend them.

Julie Rodriguez
First Class Personal Service

I am a Director of a RTM and am responsible for the maintenance of an apartment block of 12 flats. Our building insurance is due for renewal and I contacted Gary Thorner to obtain a quotation. We spoke on the telephone initially and it was reassuring to speak to somebody who was knowledgeable, able to answer my queries and provide good advice. I received a detailed quotation shortly thereafter, which I shall accept. A first class personal service, and the most competitive quote out of the three I obtained.

Peter Holwill
A Fantastic Company To Deal With

A fantastic company to deal with. Not only were they extremely efficient and provided a number of quotes which were cheaper than the current insurer of our block of flats, but everything was arranged in a timely and friendly manner and whatever was promised in terms of communication and updates was delivered ahead of time. In particular, Gary provided information and practical advice in a friendly, very professional manner without any pressure whatsoever. I would recommend this company and Gary without any hesitation whatsoever and look forward to continuing to do business with them in the future.

Dave T
Above and Beyond

Cannot thank Gobind enough for arranging Landlord Insurance so quickly for us with a next day renewal date. He went above and beyond to get us a cheaper, but equally comprehensive policy and to start that night. Would definitely recommend Edison Ives.

Debbie Sloan
Strongly Recommend

I am most grateful for all the help that Gary Thorner of Edison Ives Insurance Solutions gave me for securing my buildings insurance policy. Gary was very positive in chasing up quotes and going over at length the details for the policy which we secured. Phone calls, emails and all questions were answered most promptly. I would strongly recommend the services of Edison Ives.

William Reeve
Landlord Insurance

Cannot thank Gobind enough for arranging Landlord Insurance so quickly for us with a next day renewal date. He went above and beyond to get us a cheaper, but equally comprehensive policy and to start that night. Would definitely recommend Edison Ives.

Debbie Sloan
Excellent Experience

Excellent experience from the team at Edison Ives once again! would highly them for any of your insurance needs.

Special shout out to Gary for putting some policies on for me very quickly.

Inderpal Dhillon
Exceptional Team

Tony and his exceptional team constantly deliver. Thanks for all the support.

Jeremy Gillis
Fantastic Service

Fantastic service from Maria and Ged at Edison Ives. Professional, friendly and courteous service, well done!

Chris Phillips
Great for start-up businesses

Amazing service. Quick and reliable help. Great for start-up businesses. Professional and very helpful staff. Will be back for sure. Strongly recommend.

Grazyna Marlewska
Everyone is so helpful

Would highly recommend Edison Ives, we have been working with them for our own policies as well as policies for clients. Everyone is so helpful. We recently needed an office insurance policy and Tim arranged for this to be sorted the same day for us. Thanks again!

Katie Johnston
Brilliant from the go

I spoke to Gobind Suryavansi who was brilliant from the go. I was pleasantly surprised with the amount of time he spent with me to ensure that the policy was tailored to my needs and that I understood what I was covered for. It was so refreshing speaking to a professional, who made the process so smooth and left me feeling very confident that I was covered in the event of a claim. Your a credit to the company and I will definitely be recommending you to my friends and family. Thanks again Gobind

Prep N Finish
Quality customer service

I have used Edison Ives twice in the past 6 months, dealing with Sarah Parnell, I have to say dealing with Sarah was a refreshing expereance based on dealings with other insurance Company's. Sarah is committed to Quality customer service and supplying the best product for the customer

Micheal Cranham
Specialist and very cost-effective

We have been working with Edison Ives for a couple of years now and have always been impressed with their focus on customer service. They have also managed to obtain specialist and very cost-effective cover, with innovative solutions to meet for our insurance needs. Highly recommended.

Japanese Knotweed Ltd