PORT.im launches new Data Protection Insurance for businesses.

20 August 2020

London, UK; 20 August 2020. PORT.im, the revolutionary new privacy platform for growing businesses, has today launched its new Data Protection Insurance product designed to help UK businesses make themselves safer from the risks of managing personal data.

Businesses use personal information for many different reasons. Whether it’s marketing, HR, supplier records or health records, almost every business requires personal data to operate. Historically, the more personal data an organisation had, the greater its ability to market itself. But all that has changed.

Since the introduction of the GDPR, personal data has become a liability for businesses, as well as an asset. The damage done to businesses by misdemeanours or breaches can be much more than just massive fines. The reputation of a business can be tarnished or destroyed by a single serious data breach.

PORT.im has recognised the fact that small and medium-sized businesses need an insurance policy specially tailored to suit them and the challenges they face in managing personal information. PORT.im worked with Beazley to make Data Protection Insurance available through the PORT.im platform.

Data Protection Insurance is like cyber insurance but it’s been specially designed to address the risks that small and medium-sized businesses face when managing personal data. The cover is for £100,000 with an excess of £1,000.

Commenting on the launch of the new product, Julian Saunders, CEO of PORT.im said: We are delighted to announce the launch of our new Data Protection Insurance cover. Whether it’s compliance with the privacy regulations or building trust with privacy centres, our goal is to make managing personal data simple, beneficial, and safe for companies.

ENDS

For more information or interviews, please contact Lisa Barnes, press@port.im

Notes for editors

  • PORT.im starts at £29.00 per month. There is no minimum subscription period, and subscribers can cancel at any time.
  • The insurance component of the service is underwritten by Beazley, and offers a standard cover of £100,000, with an excess of £1,000.
  • PORT.im Privacy Centre can be experienced at https://www.port.im

About PORT.im

PORT.im is the revolutionary new end-to-end privacy platform that’s fixing privacy for businesses and people.

Privacy is broken for businesses and people. It’s broken at the compliance level and at the privacy policy level. Privacy compliance is difficult for businesses to achieve. The regulations are demanding and the documentation technical, and yet every business that manages personal information is expected to comply. For people, privacy policies are pages of small print and full of legalese. They are difficult to understand and do nothing to assist the reader in trusting the company.

PORT.im has addressed these problems with their revolutionary platform, Privacy Centre. Privacy Centre makes privacy compliance a practical reality and it builds trust with customers by automatically creating an online privacy portal that is dynamically connected to a suite of compliance tools.

PORT.im Privacy Centre customers benefit from simple to manage privacy compliance and increased brand trust.

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