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Professional Indemnity Insurance: Security for Data Protection Officers in Latvia
With professional indemnity insurance, you don’t have to be liable with your private assets for professional errors as a data protection officer from Latvia. You are an expert when it comes to the sensitive issue of data protection. You advise companies, make recommendations and monitor their actions. Heavy claims for compensation can threaten your financial existence. That’s why it’s never too soon to get comprehensive coverage with Professional Indemnity Insurance for Digital Professions, our Professional Indemnity Insurance for External Data Protection Officers.
from € 133,10 net p.a.
The Best Possible Protection for Latvian Data Protection Officers
Data protection breaches insured
Incorrect advice covered
Protection against monitoring and oversight errors
Protection against written warnings and claims for compensation
Protection for personal injuries, property damage and financial losses
Personal support from our team of experts
Take out a policy online and get insured instantly
Professional Indemnity for Digital Professions: The All-round Carefree Package for Latvian Data Protection Specialists
As an external data protection officer in Latvia, Professional Indemnity for Digital Professions is the ideal protection for you. Should you ever make professional errors (e.g. data breaches due to incorrect advice) and find yourself facing claims for compensation and accusations of fault, your personal contact partner from our exali customer service team is here for you in case of a damage event. We will handle your case quickly and professionally.
Insurance Coverage in Case of Incorrect Advice
Violations of the GDPR can quickly lead to hefty fines (financial losses). As an external data protection officer, you advise companies on how to comply with data protection regulations. If you offer incorrect advice or cause a breach in data protection, the company in question can reclaim the fine from you in the form of compensation (for damages). With our Professional Indemnity Insurance for Digital Professions, you benefit from Passive Legal Expenses Insurance. In case of a damage event, the insurer will check whether claims against you are justified at its own expense. Claims that are justified are paid out, while unjustified claims are rejected for you. With Professional Indemnity Insurance for Digital Professions, you are also protected in case of infringements of rights, such as if you violate copyright or competition law on your website.
Property Damage and Personal Injuries Covered
As a data protection officer, you advise your customers on all aspects of data protection and the EU’s GDPR. Your tasks also include training employees and familiarising them with the issue of data protection. Your drop a customer’s laptop during a training session and it breaks, or you accidentally pour hot coffee over the manager’s lap during a consultation and the manager gets scalded: thanks to our integrated General Liability Insurance, you also have comprehensive coverage against personal injuries and property damage, regardless of whether you’re working on-site at a customer’s office or in your own. Your insurer bears the costs for replacing the device and providing medical treatment to the injured person. Should you ever lose the access key or code card to your customer’s office, this is also covered by our General Liability Insurance.
Protection Against Third-Party Cyber Damages
You are in constant contact with your customers. If a virus has lodged itself in your system undetected, it can also spread to your customer’s IT systems through e-mails, for example. You can be held liable for any damages incurred. Whether it’s hacker attacks, ransomware or data losses: Professional Indemnity Insurance for Digital Professions protects you against the financial consequences of third-party cyber damages. Your insurer bears the costs of cleaning up the infected systems, data recovery and damages caused to third parties (e.g. failure of an online shop or use of third-party IT systems).
Other Activities Covered by Our Insurance
As an external data protection officer, you can benefit from the blanket (inclusive) coverage of your profession included in our Professional Indemnity Insurance for Digital Professions. This means that further consulting activities are also insured within the same premium even if they’re not explicitly mentioned in the wording of your policy. And if you ever take on new consulting activities over time, these are automatically included in your insurance as well. No matter whether you work as a management consultant, lecturer, recruiter or market and opinion researcher: Professional Indemnity Insurance for Digital Professions adapts to your business model and offers you maximum flexibility.
When I received the email from you that the settlement and transfer of compensation had been handled, I couldn’t believe it. It had been less than 40 hours after my claim. And 40 hours after that, the money was actually in my account. Your service is incredibly good and fast. Thank you and the HISCOX team for your professionalism.
Andre Peters, Owner
Andre Peters • Media Consulting, exali customer since 2011
Thank you for handling my belated request to change the contract (partial termination). This tells me I made the right choice with exali as a partner for my insurance matters. Insurance is a matter of trust, and I trust exali.
Dierk Söllner, consultant, trainer and coach for IT service management and agile organisational development
After I decided to start my own business as a technical and scientific consultant, I began looking for suitable financial loss liability insurance. I found that most companies only offer “tailor-made” solutions for architects / engineers, doctors / health professionals and lawyers.
With Professional Indemnity for Digital Professions, you have closed a real gap in the market. The exali homepage is clear and provides all the important information on conditions and premiums. After visiting the site for the first time, the only questions that remained unanswered were specifically related to the nature and scope of my work. These points were clarified quickly, and concluding the contract online was quick and uncomplicated. Thank you again for the great, fast service.
Dr. Robert Otto
Dr. R. Otto - Consulting VT, exali customer since 2012
Your Risks as a Data Protection Officer
You are appointed as an external data protection officer for a medium-sized company in Riga and are supposed to review their data protection system. You check all previous measures and prepare a report with specific recommendations. Unfortunately, you overlooked a gap in security that exposes sensitive personal information. The company holds you responsible for their financial losses.
A data subject wants access to information in accordance with Art. 15 EU GDPR concerning the personal data being processed about him or her. The request gets lost in your e-mail inbox. You fail to meet the deadline for responding to the request, and so the relevant data protection authority imposes a fine on the company. You are held liable for the damages.
During an employee training course in Kaunas, a company employee trips over your laptop’s power cable and injures himself. He has to go to the hospital with a broken arm. You have to bear the costs for his medical treatment and for his loss of income because you should have made sure that the cable does not become a tripping hazard for others.
The relevant data protection authority requires you to provide a record of processing activities in accordance with Art. 30 GDPR. You send documentation of the company’s processing steps to the authority. It contains significant loopholes, and so the authority fines the company. You are held liable for the damages incurred (recourse claim).
Why choose exali.com
Talk to a real person - no call centre!
We know what your daily worklife is like, meaning we know what you need
Our insurance conditions are tailored to your business
We handle your damages immediately
We make sure that your insured damage event is also resolved!
We also insure against unusual risks (e.g. contract liability, contract penalties)