Cyber insurance

Cyber liability insurance, also referred to more simply as cyber insurance, is designed to protect your business from the financial fallout of cyber incidents such as data breaches, hacking, ransomware, and other cyberattacks.

It helps cover costs like data recovery, legal fees, customer notification, business interruption, and more.

Quick answer? Yes.

There’s a dangerous misconception that only larger businesses are at risk of cyberattacks but SMEs are just as vulnerable – if not more so!

Whether you’re handling online payments, maintaining a customer database, or simply using email – any business that uses the internet or stores customer data electronically is at risk and should consider cyber cover.

The cost of your cover will depend on several factors, including your industry, business size, the type and amount of data you handle, and your current cybersecurity measures.

Basic polices can start from as little as £50 per year.

For an accurate quote, talk to the team.

It’s important to do everything in your power to strengthen cyber resilience.

Practical steps include:

• Staff training — many attacks begin with human error, so it’s essential to train employees to spot phishing emails and suspicious links.
• Strong passwords and multi-factor authentication — sounds simple, but these measures make it harder for criminals to gain access.
• Regular software updates and patches — outdated systems can make you more vulnerable to attack.
• Data backups — secure, off-site backups help to minimise the impact of ransomware.
• Access controls — limit who can access sensitive information.

To find out more about how to stay safe, take a look at our blog – 10 ways to protect your company against cybercrime. And to enhance your protection further, talk to the team about cyber insurance.

No.

Standard business or general liability insurance usually doesn’t cover cyber-related incidents. You need a specific cyber liability insurance policy for that type of protection.

Contact the team and get cover in place today.