Charities collecting donations online need to consider cyber insurance

The impact of a website failure for a charity could be severe if the charity relies on donations made via its website. The level of donations may fluctuate according to the season, such as Christmas, or in connection with a sponsorship event or advertising campaign. If the website failure was to coincide with such an activity, the fund-raising could be compromised preventing the charity fulfilling its charitable aspirations and responsibilities.

Cyber insurance would pay for the loss of income and increased costs of working. This type of policy would also meet the cost of any forensic investigation work into the cause of the failure, and the cost of restoring the site in full.

For information on cyber insurance, please contact Adam Lawrence on 0118 9165 484 or complete one of our enquiry forms.

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*Information correct as of 1st May 2016

Author: Adam Lawrence | April 11th, 2013

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Adam Lawrence
Get in touch:   Reading: 0118 916 5480   London: 020 7036 8767