Cyber Insurance
Defend Your Data, Protect Your Business
In today’s digital world, cyber threats affect businesses of all sizes, not just large corporates. A breach, ransomware attack, or even a staff mistake can lead to downtime, financial loss, and reputational damage. Cyber Insurance helps cover the cost of responding, recovering, and getting back to work with confidence.
What Does Cyber Insurance Typically Cover?
- Ransomware and cyber extortion response
- Costs of investigating and containing a breach
- Loss of business income due to system downtime
- Notification and credit monitoring for affected customers
- Regulatory fines or penalties (where permitted)
- Data restoration and system repair
- Legal costs and third-party claims
- Employee error or social engineering attacks
Some policies include access to a 24/7 incident response team to help manage a breach as it unfolds.
Who Needs Cyber Insurance?
- Any business that stores client data (even just names and emails)
- Companies using cloud-based or SaaS platforms
- E-commerce and online retailers
- Professional services handling sensitive or regulated data
- Businesses with remote teams or shared access systems
- Anyone using email, online banking, or digital systems for day-to-day work
Real-World Risk Examples
- A staff member clicks a phishing link and unknowingly gives hackers system access
- Your client data has been leaked due to a vulnerable plugin on your website
- A ransomware attack locks down your entire invoicing system during peak billing time
Related Cover to Consider
You might also need Professional Indemnity Insurance for claims arising from negligent advice or service failure, Business Interruption to support income loss due to digital downtime, and General Liability Insurance for physical or third-party damage.