Thinking Risk

• Remote working means cybercriminals can potentially attack business systems by hacking staff’s personal devices
• A recent Symantec analysis suggested that about one in every 3700 emails is now a phishing email.
• The Office for National Statistics recorded a 53% increase in hacking in the year to September 2020, - about 4500 small businesses are hacked every day
• 40% increase in “malware” attacks which lock businesses out of their own systems – average cost per attack £600,000
• The escalating impact of cyber crime means cyber insurance is now more important than ever for small businesses

IMPORTANT COVID 19 CLAIM NEWS: Friday 15th January The Supreme Court upheld the judgement on the Financial Conduct Authority’s business interruption test case.

Members of residential property management associations fulfil an important role which comes with serious responsibilities. Management Liability Insurance provides directors, trustees & officers of companies and associations cover for legal costs, awards and settlements for any claim or regulatory action