Crime & Cyber Theft Insurance

Crime & Cyber Theft Insurance


‘…there are only two types of companies; those that have been hacked and those that will be…

ULP have solutions available for businesses of all types and sizes seeking protection from hackers and IT violations. ULP offers two main types of policy and it is important to understand the different elements of cover that each policy provides:

ULP can arrange Crime & Cyber Theft

Crime & Cyber Theft provides vital protection against loss of assets, money and funds held in a bank account, either by IT theft or a more conventional theft.

ULP can also arrange Cyber Liability

Cyber Liability covers losses relating to the damage to, or loss of information from, IT systems and networks. This could be the rectification costs of reconstructing your IT system, assistance in respect of statutory breaches following theft of confidential data, allegations made against you regarding the transmission of computer viruses to third parties etc. Cover usually includes public relation costs to mitigate reputational damage to your business and can also include business interruption costs.

There is often a crucial ‘breach response’ element included, which provides an emergency number with first hand, specialist advice on how to manage an incident.

HOW ULP CAN HELP


Crime and Cyber Liabilities are emerging products and are relatively new and evolving. The scope of cover differs enormously between the two products and between Insurers and the policy wordings. It is vital that you have the right cover to fit your requirements. With our experience and expertise, ULP are able to tailor insurance solutions for your specific needs.

If you are interested in finding out how Crime & Cyber Theft and Cyber Liability can protect your business, please call us on 01234 340266 for an informal discussion.

Crime & Cyber Theft for Solicitor Firms


ULP have developed a bespoke solution for Solicitor Firms which enable you to protect your own assets and funds held in your Client Account. Whilst there is cover available under your Professional Indemnity Insurance for Funds held in a Client Account (i.e. third party losses), there is no protection available for your own money (first party losses). 

 




I AM A SOLICITOR AND I WANT TO APPLY FOR CRIME & CYBER THEFT FOR MY FIRM, WHAT DO I DO?


Stage 1

Complete and submit the Proposal Form, indicating the amount of cover required on the cost matrix provided within Section 1 of the Form.


Stage 2

We will supply a formal Quotation for your consideration along with our Terms of Business Agreement.


Stage 3

Accept the offer and proceed with cover. 


Stage 4

Cover will be confirmed with the Insurer and an Invoice forwarded to you for premium payment.




Proposal Form


If you are a Solicitor seeking Crime and Cyber Theft Insurance for your Firm and would like ULP to source you quotes please complete the Application Form and email your Form to info@ulpltd.co.uk.

 

Frequently Asked questions


We have compiled a list of frequently asked questions and answers. But if your question is not listed, do call or email us.