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DATA BREACH & GDPR LIABILITY INSURANCE FOR SOFTWARE COMPANIES
Mitigating Privacy Risks in a Data-Driven Business
Software companies handling personal data are at increasing risk of GDPR fines, regulatory investigations, and claims arising from data breaches, cyber incidents, or mishandling of sensitive information.
Data Breach & GDPR Liability Insurance from Insure24 provides cover for software businesses to protect against regulatory penalties, legal claims, breach notifications and associated business interruption.
SPEAK TO A DATA PROTECTION INSURANCE SPECIALISTGET A QUOTE NOW
What Does Data Breach & GDPR Liability Insurance Include?
Comprehensive protection for personal data, regulatory claims, and cyber incidents.
- Regulatory fines and penalties under GDPR and data protection law
- Legal defence costs and investigation expenses
- Breach notification costs, including customer and regulator notifications
- Cyber extortion and ransomware response
- Business interruption due to a covered data breach
- Liability for third-party claims arising from mishandled data
- Optional extensions for cloud and SaaS providers
- Consultation with privacy & data breach experts
Common GDPR & Data Breach Risks for Software Companies
Examples of incidents that can lead to claims or regulatory action.
- Unauthorized access to customer or employee data
- Ransomware attacks locking critical business systems
- Loss or corruption of personal data stored in the cloud
- Failure to notify regulators or affected individuals
- Breach of contractual obligations with clients or partners
- Claims from data subjects for privacy breaches
- Regulatory investigations and associated penalties
Why Software Companies Choose Insure24 for GDPR & Data Breach Cover
- Access to specialist insurers experienced in SaaS and tech-sector data risks
- Covers legal, regulatory and cyber-related exposures under one policy
- Tailored for UK SaaS, software, cloud, and API platforms
- Assistance with breach response planning and regulatory reporting
- Flexible limits to match your client contracts and investor expectations
- Rapid issuance of insurance documents for compliance purposes
How to Arrange Data Breach & GDPR Liability Insurance
- 1. Confirm the type and volume of personal data you handle
- 2. Provide details of your SaaS, software or cloud services
- 3. Share client contracts and GDPR obligations
- 4. We approach specialist cyber and tech insurers for quotes
- 5. Choose limits and coverage suitable for your risk profile
- 6. Policy documents issued quickly for regulatory and contractual compliance
SUITABLE FOR A WIDE RANGE OF TECH BUSINESSES
- SaaS platforms & cloud software providers
- API-based and developer platforms
- Data analytics & BI software companies
- Healthtech, fintech & vertical SaaS
- UK-based and international SaaS operations
- Companies handling sensitive or regulated personal data
FREQUENTLY ASKED QUESTIONS
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Does this cover GDPR fines and regulatory penalties?
Yes. The policy provides cover for regulatory fines, penalties and legal costs arising from breaches of GDPR.
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Is this suitable for SaaS and cloud software providers?
Yes. The policy is tailored for SaaS, software, cloud platforms and technology companies handling personal data.
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Does it cover third-party claims?
Yes. It covers claims from third parties arising from mishandled personal data, subject to policy terms.
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Is breach response assistance included?
Yes. Insure24 provides access to expert breach response consultants and cyber specialists when a covered incident occurs.
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Can international operations be covered?
Yes. Worldwide coverage options are available, subject to insurer approval and jurisdiction.