A broad cover designed to protect your business from the costs and losses associated with cyber crime and data loss.
The frankie cyber policy has been built to provide your business with tech experts and immediate assistance during a cyber attack or data loss event. The cover also replaces the income lost by your business while the issue is being resolved [...sometimes weeks]. We figure your IT guy is going to say, "don't worry you've good IT, you won't have any cyber issues", but they are missing the point.
From a saleperson losing a data stick to the receptionist giving out the wifi password - your business is always vulnerable. And this is not to mention that hackers are generally one step ahead.
Just like Directors & Officers cover but broader.
The policy is designed to provide personal liability cover for directors and senior managers for claims that arise from their decisions, while acting within the scope of their role. Providing the certainty and confidence of decision making is a necessity in business as, put simply, directors and managers can make mistakes and be held to account by employees, shareholders or regulators, Management Liability cover helps to achieve confidence of decision making.
Importantly, the policy provides additional cover to the company for crime (including employee theft) and employment disputes liability. Both of which are all to common in business.