Cyber Risks Insurance

Cyber Risks Insurance

Cyber Insurance is a must for arts organisations.  The invisible threat of cyber-crime, combined with the potential for tech infrastructure to fail, and ever-changing regulation, represents a new risk minefield - with financial impacts that could cripple a fragile budget.

Does your arts organisation...

...hold sensitive data about patrons and supporters (think of your trustees)?

...rely on revenue from online booking systems?

...use social media to engage audiences?

...use creative content that's subject to copyright online?

...work with volunteers?  Are they trained to manage online and data risks?

In your day to day work, your organisation may be exposed to risks of data breach, intellectual property infringement, defamation and network downtime.  Without specialist insurance against such perils, you won’t be protected against the risks that arise in cyberspace.  Would your budget cope with a lawsuit?

Even the tightest cyber security won't protect you from the human factor: who's not going to plug in a malware-loaded memory stick left in the WC and marked "Pay Reviews"?

Help is at hand: traditionally beyond the reach of many arts sector budgets, La Playa’s Cyber Liability insurance provides an affordable solution as part of our specialist Arts Portfolio policy.

What if:

  • Your network or ‘cloud’ were hacked – and the data regulator insists you notify customers of the breach?
  • A malware attack interrupts your ticketing website?
  • You incur cost in reconstituting valuable data that’s been stolen?
  • The data regulator enforces painful financial penalties on you following a breach?
  • A volunteer accidentally shares patron data?

If you have an online presence and are using social media, then you’re vulnerable. Globally. It’s important to work with an insurance broker who really understands the arts sector and can support you with expert advice and specialist insurance. 

Cyber Risks Insurance can include:

Protection against costs, expenses and liability arising from:

  • Breach of Privacy or Confidentiality – critical defence against your liability for violation of privacy rights or breach of confidential information
  • Data Breach Costs – reimbursement of your costs incurred in dealing with a regulatory investigation, including post-breach costs such as legal, PR & crisis management expenses, customer notifications, credit monitoring and identity theft monitoring costs, and network forensics
  • Regulatory Fines or Contractual Damages – to reimburse sums you’re legally obliged to pay as a direct result of a breach of privacy law or contractual obligation, including PCI-DSS penalties
  • Cyber Liability Insurance – your liability for customer/user financial loss or denial of access
  • Business Interruption – for your lost income as a result of viruses, network failure or damage, hacking or cyber-crime causing ‘down-time’
  • Data Extortion – protection against the threat of extortion as the result of ransomware, theft of data, or damage to your computer network
  • Problems with an outsourcer - we’ll help build protection wherever you face loss or liability, and wherever it arises in your supply chain – including cloud providers & overseas data processors
  • Costs of restoring or recreating data

Click here to take a trip with us through the cyber risks insurance universe – get informed, clued-up and insured.

Read our blog 10 Reasons Arts Organisations Need Cyber insurance

20170421025417

“One-stop shop for all insurance... very helpful when we had to make a claim”

Jo T, Orchestra

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

Monthly Payments
Cancel Anytime
Benchmark Us
Quote within 24 hrs

About La Playa Arts & Entertainment

Specialist & Independent

Specialist & Independent

The arts present a very specific set of risk exposures – and now your digital and online risks can expose you globally. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation.

Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk. The show must always go on - insurance isn’t just about processing a claim, it’s about thinking laterally to solve challenges and problems fast.

At La Playa, we’re passionate about the arts and creative industries – many of us are practitioners and active consumers; in fact, La Playa founded the first ever corporate art collective!

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

  • Specialist insurance for entertainment and the arts
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US

Premiums start from £560 inclusive of IPT

What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:

  1. A dedicated adviser so you can speak to the same person each time
  2. Careful listening to really understand your needs and priorities
  3. As much help as you need with completing forms to provide risk information
  4. A discreet and complimentary appraisal* of your property to assess the risks and ensure you have the right cover where you need it
  5. An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions
  6. Careful monitoring of the insurers’ financial strength, claims and customer service
  7. An independent recommendation of the best policy for you - and, importantly, why
  8. Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analysed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies 
  9. An intelligently designed portfolio of protection across multiple asset classes and territories
  10. Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down
  11. Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers
  12. Direct phone, mobile and email access to your adviser for questions and advice. We aim to respond to emails within 60 minutes
  13. Policy documents emailed to you - no logins and passwords to remember
  14. An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running; driving through to a swift and fair financial settlement

Oh, and...

  • No call centres
  • No ‘hold’ music
  • No hidden fees

*subject to availability with our insurer panel

 

Photo from Arts & Entertainment
Photo of Tracey McCreath ACII

Tracey McCreath ACII

HEAD OF MEDIA, ENTERTAINMENT & BROKING OPERATIONS

Direct Dial: +44 (0) 1223 200655

Email: tracey.mccreath@laplayainsurance.com

Twitter: @TraceyatLaPlaya