Cyber Insurance

Business Insurance

Cyber insurance helps protect against the high risks within your modern business. There are no boundaries when it comes to cybercrime.

Why Cyber Insurance?

Every business that has a website or electronic records is vulnerable to cybercrime or an accidental data breach – and the consequences of a cyber-incident can be very costly.

Depending on the situation, you may be up for the cost of ransoms or IT solutions to unlock and repair your systems. You could also be liable for the costs of reporting the breach, legal claims, and remediating any losses suffered by your customers or clients.

Remember, a cyber attack or data breach may cost your business more than just money. It could threaten your intellectual property, put your customers’ personal information at risk and cause major damage to the reputation of your company.

  • Privacy

  • System damage

  • Computer Virus, Transmission and Hacking

  • Multimedia Liability

  • Business Interruption

  • Computer crime

  • Brand and personal reputation protection

  • Breach of Statutory duties

  • Extortion

  • Privacy breach notification and loss mitigation

  • Privacy fines and investigation

We can provide cover for:

How to protect your business

Businesses can protect themselves by looking out for email scams, being cautious of emails from unknown senders, taking care on social media and by only dealing with reputable institutions when trading online.

  • Use different passwords for every account and ensure they are strong

  • Back-up your business data regularly

  • Store backed up data off-site and check the data restore periodically

  • Keep antivirus software up to date, along with software patches and updates

  • Be conscious of personal information shared online

  • Know where cloud-based data is stored.

Talk to an Adviser.

Is your business at risk? Contact one of our advisers to discuss your cyber plan, we can help you assess the potential risks your business may have and advise you on how best to cover these risks before a cyber attack occurs.

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