Cyber Insurance for Business

Protect your business from the consequences of a data breach or cyber attack with indemnification against cyber & data losses.

Best Providers

Get quotes from the leading cyber insurers in the UK.

Tailored Cover

Customise your cover with limits from £100k to £10M.

Risk Analysis

Get a free vulnerability report for your business.

Great Service

We are cyber specialists and rated 5-star on Feefo.

Why Do Businesses Need
Cyber Insurance?

Every business owner can now be held responsible for a data breach, even if you don’t do business online or store any data, consider that simply losing your smartphone or tablet could see you on the receiving end of a claim if that device has any client or employee details stored in the contacts.

Simply, if you’re using any type of tech to help run your business, from a simple smartphone to a sophisticated server, or network, then you have a cyber liability risk that should be insured.

Do I Need Cyber Insurance?

Even if you don’t trade directly online, if your business relies on email or technology to take care of its day to day operations, any data breach could be catastrophic for both you and your customers. If, for instance, you run a small business with even just one or two employees, you could see your business crippled by multiple compensation claims if your systems are hacked and their data is compromised.

If you have clients who themselves have employees, as a breach of your systems could lead to a breach of their systems. Before you know it, you’ve even more compensation claims and associated legal fees coming your way. If you think your business is fully protected from hackers by antivirus software or is too small to be targeted, consider that cybercrime is constantly evolving, and criminals are actively targeting small businesses because their security systems are thought to be less robust.

When you hold customer data such as names, addresses or banking information, or if your business is dependent on or uses computer systems as part of its activities, then it is important to understand the impact of a data breach, interruption to your systems or a claim for failing to keep customers’ personal data secure.

Is Cyber Insurance Required by Law?

Currently, it's not a legal requirement for a trading business to have cyber insurance. However, it could give you a competitive advantage if your potential client has a choice between your business and another business that doesn’t have insurance. Many larger clients and government contracts will require cyber coverage to be in place.

How Cyber Insurance Can Protect Your Business

An IT professional at a large business discovered a ransomware attack with mass file changes on their network. The policyholder contacted their insurer, initiating a response within 90 minutes. The insurer deployed an EDR tool, assessed the infection's extent, preserved data, and obtained the $2 million ransom note. The investigation uncovered persistent TrickBot connections dating back to a 2018 infection. Over five days, the insurer took essential actions, including imaging systems, offering legal advice, and successfully negotiating the ransom down from $2 million to $200,000. This prompt response mitigated potential losses, saving the policyholder a substantial $1.8 million.

CYBER INSURANCE SPECIALISTS

We're changing online cyber cover

130+

Integrations

120K

Apps Users

2M

Total Funding

60+

Team Members

Our collaborative partners.

No items found.

What Does Cyber Insurance Cover?

Breach Response

When your business experiences a data breach, whether from a cyber attack or internal error, cyber insurance has you covered. This includes emergency IT support, forensic investigation costs, and expert guidance on managing the breach. Experts help you identify what data was compromised and support you through the entire incident response process, reducing downtime and ensuring you meet all regulatory requirements.

Legal Costs

A cyber insurance policy covers all legal expenses associated with cyber incidents, from regulatory investigations to third-party claims. This includes legal representation costs, regulatory fines under GDPR, defence against customer claims, and expert guidance through legal proceedings. You'll get access to specialist cyber lawyers who understand both legal compliance and technical aspects of cyber incidents.

Business Interruption

When cyber incidents disrupt your operations, cyber liability coverage helps protect your bottom line. Whether it's a ransomware attack shutting down your systems or a DDoS attack taking your website offline, your business is covered for lost income and extra expenses during the disruption period. This includes costs of temporary solutions and getting your business operations back to normal quickly.

Hacking & Extortion

Cyber Cover provides comprehensive protection against malicious attacks, including ransomware demands and system breaches. You're covered for the costs of investigating the attack, removing malware, recovering encrypted data, and managing ransom negotiations if needed. This includes expert support to prevent future attacks and strengthen your security posture.

Cyber Crime

Protection against financial losses from sophisticated attacks by cyber criminals, including phishing scams, social engineering fraud, and electronic funds theft. A cyber insurance policy covers losses from compromised business emails, fraudulent transfers, and telephone hacking. This includes both immediate financial recovery and support to prevent future incidents.

Data Restoration

If your critical business data is lost, corrupted, or encrypted by cyber criminals or negligence, you're covered for the cost of professional data recovery services. This includes restoring from backups, repairing corrupted files, and reconstructing lost information. Specialists work quickly to minimise disruption and get your business data back online.