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Obligations relating to compliance with data protection regulations are a current concern, but not everyone is aware of the existence of data protection insurance.
What Is Data Protection Insurance For?
Data protection insurance protects the insured party, whether a company or self-employed worker, against risks that may arise from processing personal data under data protection legislation and related regulations.
What Covers or Guarantees Does Data Protection Insurance Include?
Although there may be differences between insurers, it is common for a data protection policy to cover:
- Indemnities linked to the insured liability.
- The insurance may assume the cost to the company of a sanction, as well as the cost of defence after receiving a claim from a third party or an investigation by the Data Protection Agency.
- The insurance may also cover the costs of setting up bonds, both civil and criminal.
- The policy provides experts who advise the client on managing a possible claim or sanction, as well as on carrying out an external consultancy to correct the errors that caused the claim or sanction.
In this type of policy, high limits can be arranged and sublimits and covers can be adapted.
Consult the commercial department of our insurance brokerage about this or any other type of insurance without obligation.[/vc_column_text][/vc_column][/vc_row]