Data loss can lead to significant damage to business revenues, create substantial legal liabilities and seriously undermine public confidence in a company’s brand and products. Some of the threats may include:-

• Protection of your own website/network/ electronically-held data
• Intellectual property, your/employees’ infringement of intellectual property or copyright
• Information transmitted from your website, libellous email, Inadvertent virus transmission

Traditional property and liability policies do not generally cover damage to intangible assets. This can leave companies vulnerable in the event of a network failure caused by a malicious attack by hackers or accidental damage to the system.

While technology seeks to protect network security it is not infallible. To help protect network intangible assets and reduce liability exposures, specialised insurance solutions and consulting expertise can play a major role.