Technology has helped fine arts organisations build brand and communicate on a vast scale, even on tight budgets. But with new technology comes a new Cyber Risk: from a simple website to using social media through to selling artwork, media and arts organisations need to be aware that their day to day activities online expose them to risk in every country on the planet. And yet many are still without Cyber Liability Insurance...
Traditionally beyond the reach of many arts sector budgets, La Playa’s new Cyber Liability policy provides the solution to potential Cyber Risks.
“You wouldn’t hesitate to buy public liability insurance or protection for your venue or equipment – so it makes good business sense to protect yourself in cyberspace, where you’re exposed to risk on a global basis,” says La Playa’s expert, Tracey McCreath. “From laws you've never heard of to hackers, data protection issues and a plethora of copyright material to avoid – Cyber Liability insurance is a must for any business these days, and the arts need to get protected. Cost should no longer be an issue – these rates start at just £300."
If you have an online presence and are using social media, then you’re vulnerable. Globally. Content, data, intellectual property and defamation – all present major risks. It’s important to work with an insurance broker who really understands the art world and can support you with expert advice and specialist insurance.
Coverage can include:
Protection against costs, expenses and liability arising from the following Cyber Risks:
Click here to take a trip with us through the cyber universe – get informed, clued-up and insured.
A UK arts venue had malicious coding inserted into their files from an outside virus attack with the aim of infecting every visitor to their website - despite having suitable firewalls in place. On discovery, the website had to be closed down, a temporary site built – and months later, a permanent one. The costs of the investigation, the temporary and permanent new websites amounted to around £12,000. With no Cyber Insurance in place, this was a significant hit to the venue’s finances.
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