Construction Insurance and Risk Management
Construction and building insurance provided by Gallagher develops contractor-focused risk management solutions to protect your construction business.
From your brand reputation to employee and financial data, cyber attacks are increasing in their frequency and their intensity. Couple that with the need to comply with regulations like the GDPR and it can seem overwhelming. It doesn't have to be. Our cyber insurance team is ready to customise the solutions that can keep your organisation and all its information flowing smoother and safer.
Assessing and understanding known and unknown cyber risks is complex, requiring expertise and an aggressive approach to understand and monitor emerging cyber threats. We offer guidance and expertise to help your organisation manage cyber threats to help protect your organisation. Our cyber liability insurance team builds risk management strategies that includes analysis of current cyber risk coverage gaps, trends in carrier coverage and designing a risk management programme unique to your organisation.
To address the sophisticated and evolving nature of cyber liability insurance, our global cyber practice takes a consultative and action-based approach. We offer:
After we assess your current cyber cover, we develop a customised programme that takes into account your unique needs. Highlights of our cyber insurance cover include:
Network security liability - Provides liability cover for damages and claim expenses arising out of an actual or alleged act, error or omission. The cover includes assessment, remediation, managed security services and business continuity consulting and planning services.
Privacy liability - Provides liability cover if an insured fails to protect electronic or non-electronic private or confidential information in their care custody and control.
Privacy regulatory proceeding - Provides cover for defense expenses, and in some cases penalties/fines, incurred from a regulatory proceeding resulting from a violation of a privacy law caused by a covered security breach.
Breach response expenses - Covers crisis management, including credit-monitoring services and public relations expenses incurred resulting from a security or privacy breach. Also pays costs of notifying consumers as required by various state, federal or international laws or regulations.
Our practice represents a diverse marketplace of over 150 markets, all ready to provide risk management programmes that support optimal cyber insurance cover. We monitor these markets to make sure we are providing the most comprehensive cover options, at the most competitive price.
As part of our offering, we provide a comprehensive programme that aids you with recouping from loss and having a seamless claims process. We have experience with the cyber liability claim lifecycle, from the breach to recovery. We aid you in breach preparedness during the strategic risk management programme phase, as well as, helping you develop a breach response plan and assess and select vendor partners. We recommend you have in place the following for optimal breach response:
We believe the best protection against cyber threats is prevention. Our customers receive updates on how to guard against the latest cyber threats oftentimes before they happen. A sample of our tools include:
Understanding where traditional policies and other property and casualty insurance policies complement, overlap or exclude a cyber exposure is critical. As a customer, we provide you immediate access to cover via our Gallagher eRiskHub® portal.
As cyber risks evolve, so too must your cover. Contact us to have our risk management advisors help you to confidently protect your organisation.