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Cyber Risk Insurance.
As a business of any size, it is likely you will rely on information technology (IT)
infrastructure to some degree. If so, you will be exposed to the risks of business
interruption, income loss, damage management and repair, and possibly
reputational damage if IT equipment or systems fail or are interrupted.
While existing insurance policies such as commercial property, business
interruption or professional indemnity insurance, may provide some elements
of cover against cyber risks, businesses are increasingly buying specialised
cyber insurance policies to supplement their existing insurance arrangement.