Cyber Insurance Ireland

Protect your business from cyber attacks & data loss.

Cyber attacks on Irish businesses are becoming ever more widespread and sophisticated. Make sure your business is protected with cyber insurance.

Established in 1993.

Over 100 years' experience.

5 dedicated team members.

Over 1,000 Irish customers served.

Cyber Insurance Ireland

Digital technology is an essential part of business today and almost every business relies on its IT infrastructure to operate, which is why cyber and data security breaches can be so damaging.

Cyber crime and data insurance covers business losses relating to data loss and damage to IT systems and networks.

Policies generally include significant assistance with and management of the incident itself, which can be essential when faced the reputational fallout and regulatory enforcements.

Our team can provide cyber cover for businesses in any sector and are on hand to find the most competitive quotes for cover that is tailored to your specific needs.

Simply fill out our contact form, email us at sales@ermfinancialservices.ie or call us now on  01 845 4361 to get started.

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    Cyber Insurance Ireland

    What exactly is cyber insurance?

    Cyber insurance is a type of specialist business cover dedicated to minimising the impact of threats that come with using the internet. Such threats include cyber crime, which can take many forms, data loss, be it accidental or malicious, and privacy breaches.

    Cyber insurance covers computerised attacks or incidents in which access to a network, device or system is disrupted or prevented, as well as incidents in which data is lost or privacy is breached. For example:

    Phishing attacks

    An unsuspecting employee might click a malicious link, locking everyone from the email system.

    Ransomware

    A hacker could infiltrate your system with ransomware and demand payment to return access.

    Data Breaches

    An employee may accidentally or maliciously share sensitive customer data.

    Cyber insurance can assist financially in such instances, by funding recovery services and even helping with privacy liability costs if your business faces investigation.

    Who is most at Risk from Cybercrime?

    Cyber, data and crime insurance is particularly important if you:

    • Hold sensitive customer data such as names, addresses or banking info.
    • Rely heavily on IT systems and websites to conduct your business.
    • Process card payment information.

    Who else needs cyber insurance?

    Every Business Using The Internet

    Any business, contractor or freelancer using the internet as part of their work could fall prey to cyber crime or face a data breach which cyber insurance would help to resolve.

    Businesses Of Every Size

    While certain professions may have a greater need than others, enterprises of every size, and in nearly every industry could stand to benefit from a cyber insurance policy.

    Information Businesses

    If your business operates primarily online or you handle large amounts of information, then cyber cover should play an important role in risk management.

    IT Consultants

    IT consultants who manage multiple software packages as well as large volumes of customer information and systems are particularly susceptible to cyber claims.

    Professional Services

    Management consultants, accountants and other professional services can face incredible reputational damage in the event of a cyber-incident. A risk that cyber cover can help to mitigate.

    Sensitive Data

    Any business handling sensitive or personal data can also face huge fines in the event of a privacy breach that can be cover by the right cyber protection policy.

    What’s Included In Cyber Insurance?

    Cyber and data risks fall into first-party & third-party liability.

    First-party liability cyber cover protects your assets, such as:

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    Loss or damage to data or software programmes.

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    Business interruption from network downtime.

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    Cyber extortion

    Where a third party threatens to damage or release data.

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    Customer and/or third-party notification expenses.

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    Repairs or replacement following system damage.

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    Regulatory actions, investigations, court costs & fines.

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    Crisis communication costs following a cyber incident.

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    Reputational damage

    Arising from a breach of data that results in loss of intellectual property or customers.

    Third-party liability data cover protects your customers’ assets, including:

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    Security/privacy breaches, investigation & defense costs as well as associated civil damages.

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    Multi-media liability

    To cover investigation, defense costs & civil damages arising from defamation, breach of privacy or negligence in publication in electronic or print media.

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    Loss of third-party data

    Including payment of compensation to customers for denial of access and failure of software or systems.

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