Cyber Insurance and iGaming Exposures

Description

As more companies, especially data-driven ones such as iGaming companies, Software and Tech companies, become aware of cloud computing, social media, big data, corporate bring-your-own-device policies and the associated castigating regulatory environment these operate in, Cyber Risk becomes imminent in the day-to-day running of such businesses.

What's Covered

Cyber Risk and specialised cover such as Prize Indemnity

Cyber Risk

Cyber Risk, being the 2nd largest risk to businesses today, includes both 1st party and 3rd party coverage, mainly to protect the insured from:

unjust disclosure of confidential corporate or personal information
failure of one’s work computer to shield the user from hackers, worms, viruses and other threats,
infringement of intellectual property rights sourced in content, website, marketing & advertising activities
privacy breach from fines, penalties & other regulatory proceedings
loss of income or profits arising from network security failure
costs arising from restoring or recreating intangible property after network security failure
costs arising from responding to breaches (hiring outside firms, credit monitoring, forensic costs, etc)
cyber fraud

Prize Indemnity

Prize Indemnity covers contingent prizes on behalf of sponsors/promoters. The policy indemnifies the Insured against the Net Cost of supplying the prize. It enables companies to offer high-value prizes for a fraction of the cost.

The Prize Insurance Range includes: