CyberGuard to help businesses mitigate risk exposure

In today’s world, the internet is a key part of human life.

However, being connected to the internet presents many potential dangers such as stolen data and device infected malware.

High-profile ransomware and hacking incidences are on the rise globally, exposing confidential and sensitive company data, costing businesses huge financial pay-outs. With this in mind, Guardian General Insurance Limited – the property and casualty arm of Guardian Group – has introduced CyberGuard®.

According to Nigel Adams, Operations Lead – Barbados & OECS, Guardian General: “This first-to-market insurance solution is synonymous with digital peace of mind, because it provides businesses with protection from this type of digital adversity.

As businesses continue to be increasingly dependent on technology for the efficient management of their day-to-day operations and the safeguarding of their client’s data, it is of critical importance to be protected against the vagaries of hacks and malicious cyber breaches.

The pandemic became a teachable moment in demonstrating that we do not exist in a bubble; and as such, we at Guardian General through the assistance of our agents and brokers, are committed to educating small to large enterprises on the importance of having cyber insurance.”

Through CyberGuard® Guardian General will help businesses mitigate their risk exposure, by offsetting costs involved with recovery after specific cyber-related security breaches and disruptions.

This innovative, game changing product will provide a critical response for outfitting the business community with a relevant insurance solution that provides protection as they increase business transactions across digital platforms.

CyberGuard’s coverage for limits of liability ranging from US$250,000 to US$1,000,000 are available to customers in Barbados who operate within a wide range of business operations, including, but not limited to Manufacturing, Wholesale, Warehousing, Construction, Transportation, Entertainment, Education, Real Estate, and Professionals.

The standard coverage includes: 1. Third Party liability (Personal Data Liability, Corporate Data Liability, Outsourcing Liability, Data Security Liability, Defence Costs) 2. Regulatory Exposure (Data Administrative fines, Data Investigation costs) 3. First Party coverage (Company’s Reputation, Individual Reputation, Notification & Monitoring, and Electronic Data) For more information on this unique real-world business solution please contact your Broker, Agent or Guardian General Insurance directly at (246) 430-4600. (PR)