Are GDPR fines insurable in the countries where you operate?
The potential financial impact of the General data Protection Regulation (GDPR) has generated concern across organizations globally. It is important for you to be aware of how the insurability of fines, legal and other costs and liabilities following a data breach is approached in different jurisdictions. GDPR fines can reach up to €20 million or, if higher, up to 4% of a group’s annual global turnover.
Aon has partnered with DLA Piper to provide insight into the insurability of GDPR fines across Europe and the potential financial impact of a data breach.
We hope that you find this an invaluable guide to understanding and managing the impact of GDPR on your organization, while supporting you and your stakeholders to make informed decisions.