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| Insurance
August 21 2018

GDPR Insurance: Coverage for Fines Hard to Find But Other Non-Compliance Costs Insurable

Aon and DLA Piper recently revealed a "price and data security" guide regarding insurance for the General Data Protection Regulation (GDPR), which revealed that Finland and Norway are the only two counties where insurance for fines might be found.

The guide reviews the insurability across Europe, which can reach up to four percent of a group's annual global turnover.

Although coverage may be limited, the authors still encourage businesses to make insurance part of their risk management strategy to manage costs associated with GDPR non-compliance and resulting business disruption losses.