The General Data Protection Regulation (GDPR), will apply in the UK and across the EU from 25th May 2018. It is the largest, most far-reaching, and comprehensive data protection legislation enacted in the UK, and will continue to apply after the UK leaves the EU. It contains a fundamental shift in approach, where consent to the use of data can no longer be implied, but must now always be positively and explicitly granted.
The Regulation imposes increased responsibilities, and liabilities, on all business trading in the UK, whether or not they are based in the UK. The onus is on businesses to establish full and effective compliance procedures within their organisation, and this has huge implications for insurance cover and claims. The responsibility on all businesses to ensure data is properly protected, and the financial and reputational penalties for any lapse, require all managers to consider the security of their systems, both manual and electronic, and the adequacy and scope of their insurance cover.
We can provide a guide on how to protect your business, arrange a review of your security and risk management, and in the event of a breach prepare, present and negotiate any claim. If we can assist you or you would just like a general chat on how your business will be affected, please call us.