Although no universal insurance policy can cover you against the GDPR, you can take steps to minimise the costs of non-compliance. The repercussions of a data breach go well beyond GDPR fines - with the costs of breach reporting, incident management, public relations and downtime all increasing the damage.
Yet, the financial impact of a GDPR breach can be lessened, with many cyber-policies able to cover these additional costs. To be eligible, you need to make sure you have robust cyber-security foundations in place.
In this guest webinar Nadia McAree, Cyber Expert from Consort Insurance discusses why more businesses are turning to cyber-policies in the run-up to the GDPR, and what underwriters are looking for when assessing a premium.
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