Cyber Risks Insurance

Cyber Risks Insurance

The invisible threat of cyber-crime, combined with the potential for tech infrastructure to fail, and the ever-evolving regulatory landscape, represents a new cyber risks insurance minefield for modern business.

Unless your organisation carries specialist coverage against such perils, you won’t be protected against the unusual risks that arise in cyberspace.

Traditionally beyond the reach of many arts sector budgets, La Playa’s new cyber risks insurance policy starting at £300 provides the solution.

What if:

  • Your network or ‘cloud’ were hacked – and the data regulator insists you notify customers of the breach?
  • A malware attack interrupts your ticketing website?
  • You incur cost in reconstituting valuable data that’s been stolen?
  • The data regulator enforces painful financial penalties on you following a breach?

If you have an online presence and are using social media, then you’re vulnerable. Globally. Content, data, intellectual property and defamation – all present major cyber risks. It’s important to work with an insurance broker who really understands the arts sector and can support you with expert advice and specialist insurance. 

Cyber Risks Insurance Coverage can include:

Protection against costs, expenses and liability arising from:

  • Breach of Privacy or Confidentiality – critical defence against your liability for violation of privacy rights or breach of confidential information
  • Data Breach Costs – reimbursement of your costs incurred in dealing with a regulatory investigation, including post-breach costs such as legal, PR & crisis management expenses, customer notifications, credit monitoring and identity theft monitoring costs, and network forensics
  • Regulatory Fines or Contractual Damages – to reimburse sums you’re legally obliged to pay as a direct result of a breach of privacy law or contractual obligation, including PCI-DSS penalties
  • Cyber Liability Insurance – your liability for customer/user financial loss or denial of access
  • Business Interruption – for your lost income as a result of viruses, network failure or damage, hacking or cyber-crime causing ‘down-time’
  • Data Extortion – protection against the threat of extortion as the result of ransomware, theft of data, or damage to your computer network
  • Problems with an outsourcer - we’ll help build protection wherever you face loss or liability, and wherever it arises in your supply chain – including cloud providers & overseas data processors
  • Costs of restoring or recreating data

We're able to reward clients' prudence in managing their Cyber and Privacy liability proactively - if you can demonstrate the precautions you've taken, we may be able to negotiate broader coverage at better rates on your behalf. 

Click here to take a trip with us through the cyber risks insurance universe – get informed, clued-up and insured.

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“I can highly recommend La Playa insurance - they're great brokers, working almost exclusively with the arts sector and nothing ever seems to faze them, no matter how complex the request! ...They will find you the best deal.”

Lindsey D., General Manager, Akram Khan Dance Company

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

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About La Playa Arts & Entertainment

Specialist & Independent

Specialist & Independent

The arts present a very specific set of risk exposures – and now your digital and online risks can expose you globally. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation.

Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk. The show must always go on - insurance isn’t just about processing a claim, it’s about thinking laterally to solve challenges and problems fast.

At La Playa, we’re passionate about the arts and creative industries – many of us are practitioners and active consumers; in fact, La Playa founded the first ever corporate art collective!

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

  • Specialist insurance for entertainment and the arts
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US

Premiums start from £550 inclusive of IPT

Photo from Arts & Entertainment
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Tracey McCreath ACII

DIRECTOR, MEDIA, ARTS & ENTERTAINMENT

Direct Dial: +44 (0) 1223 200655

Email: tracey.mccreath@laplayainsurance.com

Twitter: @TraceyatLaPlaya