Business Interruption Insurance and why you should have it!
Global Tech Outage:
Many companies worldwide faced productivity losses as employees couldn't access essential tools and data. Communication platforms, file sharing, and collaboration tools were down.
Supply chains were disrupted, impacting manufacturing and distribution.
A massive tech failure can cause travel chaos worldwide, affecting banking and healthcare services.
In the event of a Global Tech Outage Flights have been grounded due to the IT outage, which have left many computers displaying blue error screens and customers stranded.
Cybersecurity firm CrowdStrike admitted that a Global Outage seen today was caused from an update to its antivirus software, designed to protect Microsoft Windows devices from attacks.
Microsoft had to take “mitigation action” to address the lingering impact of the outage
In summary, the outage caused widespread inconvenience, financial losses, and potential safety hazards. Ensure your firm is fully protected and has the correct insurance in place.
If you are looking for a new policy, or looking to renew, then we would be delighted to offer you a comparable quote. Call one of our specialist team on 01702 347889 or email enquiries@lbhinsurance.co.uk.
