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Question: Does my InsureOnce Small Business Insurance cover me for non-compliant GDPR claims in the future? #AskTheAccountant
Expert Answer from Tom, InsureOnce:
The GDPR legislation came into effect on the 25th May 2018 and is intended to replace the Data Protection Act 1998. Data Protection cover is provided under the Carrington Accountancy InsureOnce Business and Contractor Insurance policy, under 3 sections;
This will provide cover for GDPR regulations; however, it is your responsibility to show that you have taken the necessary steps to ensure GDPR compliancy. You of course, need to have taken reasonable care to ensure you comply with Data Protection Legislation for example not leaving computers logged on and unattended, use of memory sticks etc. and understandably that you are not deliberately flouting the legislation for other motivations. It also would require that there are no circumstances or claims which you are aware of that are about to land on your desk before taking out the policy.
For more information on GDPR compliance visit https://www.eugdpr.org/
Please Note: I am not a lawyer, this article does not constitute legal advice, and it’s highly advised that you consult a lawyer who specialises in GDPR compliance for an analysis of whether the measures your organisation has taken and/or plans to take bring you into full compliance with the GDPR.
Carrington Accountancy partners with InsureOnce Small Business and Contractor Insurance to provide our clients with the most comprehensive and competitively priced cover in the market.
In addition to offering our clients highly competitive premiums we have also built in additional extras such a third party cyber security cover – for no extra cost. The policy also gives you legal expenses cover and personal accident cover as standard. For more information, contact Nicky Owen at email@example.com.