What would you do if you suffered a cyber attack?

Architectural Technologists may be exposed to cyber incidents from a variety of sources – ranging from your use of BIM and AI through emails, databases, cloud storage and more.

Given the impact that any cyber attack can have on a business, the main benefit of a cyber insurance policy is the immediate assistance of specialists to ensure your business is back up and running. They will also assist with the consequences of an attack in terms of both your legal and regulatory obligations.

This service alone makes cyber insurance an essential purchase to ensure minimum disruptiom to your firm, your clients and ensuring any reputational damage is avoided/kept to a minimum.

Another factor to consider is that most standard business insurance policies contain an exclusion that removes all cover from a cyber event. For those few policies, where cover remains, cover will at the most be limited to third party losses and will not assist your firm with the required support and assistance.

CIAT Insurance Services have seen an increase in firms of all sizes across completely different sectors become the victims of a cyber attack. While there is a perception that smaller firms are less likely to be targeted, the sad reality is that any business is now a target. 

Reasons for purchasing cyber insurance

• Immediate response from specialist cyber experts, who assess, provide solutions and advice to ensure you are operational again as soon as possible.
• Restoration of your systems and data after an attack and assistance in identifying and resolving the breach source.
• Specialist legal and regulatory assistance after a cyber attack which includes data and data protection breaches.
• The policy provides protection for first party (your own losses and third party losses (your clients), including ransomware, malware infections, phishing scams and data breaches. Some policies can be extended to include crime cover, loss of funds.

Given the impact an attack can have on you and your clients, it is essential all firms should have a cyber insurance policy in place.

If you would like to discuss cyber insurance further, please contact:

Chris Walsh
M: 07507 970803
T: 0161 237 7726
E: [email protected]

Charlotte Stretton
T: 0161 237 7727
E: [email protected]