What is GDPR insurance?
GDPR insurance, which comes as part of cyber cover, is designed to support and protect your business if it experiences a data breach or a cyber attack or if a business fails to comply with GDPR regulations. Our innovative cover includes a number of important extensions as standard to give you advanced level of protection.
- GDPR penalties
- Access to specialist PR and IT support
- Compensation for loss of income
- Data restoration
Set up your GDPR cover in less than 10 minutes
Change or cancel it at any time, as your business evolves.
How can Superscript help?
Find out more about GDPR insurance and the risks it covers.
Fine and compliance
The GDPR puts a greater onus on businesses to keep customer data secure, while introducing more serious penalties for non-compliance. From 25th May 2018, any business that fails to follow the new rules will face fines of up to €20m, or 4% of annual turnover – whichever is higher. If that happens, our cyber cover will cover any defence costs and penalties - where legally insurable.
Protecting your reputation
Cyber-attacks and data breaches are big news, and the GDPR will increase the spotlight on those affected. How you handle your PR following a breach can make or break your reputation. That's why with Superscript' cover, you'll have access to PR expertise to guide you through the process and ensure your image remains intact. But, if you do suffer any reputational damage, you'll be covered for resultant lost income over a period of up to 90 days.
Cyber and data specialists
Unlike generic business insurers, we specialise in covering the new and emerging risks faced by innovative digital businesses. That means our products are built around today's cyber and data threats and perfectly aligned with the GDPR. We even have our own in-house GDPR specialist, who is on hand to answer your data questions.
A fast response
Sometimes it's impossible to avoid a breach, which is why an effective response plan is non-negotiable. Having a response plan is also a legal requirement under the GDPR. Being prepared means you'll recover from a breach more quickly, with minimum impact to your business and customers. And with our cover, everything is taken care of, including a direct point of contact on our team and access to legal, IT forensics and PR support.
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Customise your cover
To simplify things, we've categorised our covers into three groups: essential covers, professional covers, and management covers. You'll be guided through these different options during the quotation process.