Cyber Insurance Claims – Shield Your Business from the Devastating Impact of Cyber Attacks
Cyber attacks are a very difficult event for any business to deal with as hackers leave few traces, so even identifying damage caused is often arduous.
The cyber insurance claims process is stressful as your insurers will appoint loss adjusters to protect their interests and they will try to minimise your settlement.
With Oakleafe Claims, you get personalised support to navigate the complex cyber insurance claim process and secure the compensation you deserve.
We are the ONLY party in the cyber insurance claims process on your side. We act exclusively in your interests, to ensure you receive everything you are entitled to under your policy.
Our involvement will speed up the claim process and ensure you get exactly what you are entitled to, leaving you to concentrate on your business commitments and get back to a form of normality.
Here’s what one of our satisfied clients had to say:
"I spoke to 3 Loss Assessors after a fire in my restaurant in November 2019 and from the start I was impressed with Oakleafe and especially Dean whose knowledge and expertise far outshadowed the other companies I contacted. I was particularly at ease that they are a family business who are very much hands on. They are also the only firm I could find who are FCA and RICS regulated in full. The Insurance company appointed their major loss assessor and head surveyor to try and intimidate me into accepting a very unfair settlement but Dean dealt with them professionally and challenged in full everything they produced. I would have lost my business and livelihood for sure if I didn't have Oakleafe by my side as the final settlement was over 5 times more than I was offered before they intervened. 5 stars for all at Oakleafe." - Els Valentine, Oakleafe commercial client on TrustPilot
Another satisfied client shares their experience:
"My Oakleafe assessor showed invaluable resilience and patience - far more than I was demonstrating and for that, I am incredibly grateful and would not hesitate in recommending Oakleafe to anyone. They helped me navigate an always difficult situation with calm and ease. Thank you!" - KW, Oakleafe business client on TrustPilot
From the moment we engaged their services, we were impressed by the level of professionalism and efficiency
Do not be fooled that your insurance company will help you. They tried their best not to pay our claim. Oakleafe saved our livelihoods and our business is better and stronger than it was before. We’ve just received our final payment from the claim and we are really pleased. I would happily recommend them.
Dealt with my Insurance company like true professionals. Definitely got my maximum entitlement and as a result my business has come back stronger and more profitable.
One of the primary concerns for business owners grappling with cyber threats is whether their existing insurance policies provide adequate coverage.
Traditional business insurance policies typically do not encompass cyber risks comprehensively. While they may offer some limited coverage for certain aspects of cyber incidents, such as business interruption or reputational damage, they often fall short of addressing the full scope of cyber threats.
This gap in coverage underscores the importance of obtaining specialised cyber insurance tailored to the unique needs of businesses operating in the digital realm.
Oakleafe are the ONLY party on your side in your cyber insurance claim.
To illustrate the significance of cyber insurance, let's consider a hypothetical scenario: a small e-commerce retailer falls victim to a ransomware attack. Cybercriminals infiltrate the retailer's computer systems, encrypting critical data and demanding a hefty ransom for its release.
As a result, the retailer's operations grind to a halt, leading to significant financial losses due to business interruption. In this scenario, having cyber insurance in place can be a lifesaver.
The insurer would cover the ransom payment, restore the encrypted data, and compensate the retailer for the income lost during the downtime.
Data breaches are among the most common cyber incidents businesses face today, involving the unauthorised access or exposure of sensitive customer data.
While traditional business insurance may offer limited coverage for certain aspects of data breaches, such as legal expenses or regulatory fines, it typically does not provide comprehensive protection.
Cyber insurance, on the other hand, is specifically designed to address the financial ramifications of data breaches, covering expenses related to breach notification, forensic investigations, credit monitoring for affected individuals, and potential legal liabilities.
While cyber insurance offers valuable protection against a wide range of cyber risks, it's essential to be aware of its limitations. Standard exclusions from cyber insurance coverage may include:
It's important to look over your cyber insurance policy carefully and consult with your insurance provider to fully understand the scope of your coverage and any exclusions that may apply.
If you require additional information please call our free 24/7 claims consultation helpline on 0333 2101 999.
