SPECIALIST INDEPENDENT INSURANCE BROKERS

Cyber risk now poses one of the biggest threats to businesses and government since the inception of the internet, and the exponential growth of both personal and business users is further increasing the number of avenues through which cyber-attacks can be launched.

These are some of the top-level exposures that cyber breaches can cause:

• First Party Network Loss
• Privacy Breach and Security Liability
• Media Liability
• Reputation
• Cyber Extortion

Intellectual Property is increasingly becoming one of the most valuable aspects of a business. Whether it’s the coding for your bespoke website, the blueprints to your product or the secret ingredients in your recipe, your IP is something that needs to be guarded heavily.

The risks facing businesses vary greatly, including theft or infringement via a number of areas:

• Patents
• Trademarks
• Design rights
• Copyrights

Any company, practice or individual that provides professional advice or services carries a duty of care to their clients. Failure to provide such services can often lead to costly legal actions and whether the failure to perform is justified or not, the costs to defend such an action can very quickly accumulate and impact on the day to day running of the business.

Potential claimants can range from shareholders, investors and employees to liquidators, banks or regulatory bodies. Whilst the individual can sometimes rely on the company to stand in and pay for their defence this is more commonly not always the case.

Prize competitions are a valuable marketing tool for all manner of businesses, giving the opportunity to sell product, drive traffic to websites, and raise the profile of social media channels.

However there are many instances, lottery games for example, where the prize (if won) can put a big dent in a company’s bottom line. Prize Indemnity insurance gives protection for insureds against the contractual liability to pay out in the event of a competition win.

Programs can be arranged for a wide range of insurance classes including professional liability, healthcare, financial institutions, commercial property, and personal lines.

We specialise in creating bespoke solutions for our clients to access London market capacity, as well as in what is often known as ‘coverholder business’, which is the placing and management of contracts where our London insurers delegate underwriting authority to qualified third parties such as Managing General Agencies or brokers, who in turn use their expertise, local knowledge and networks to access and underwrite business.