Get a quote in minutes from our trusted insurers
Fast, easy online quote in 90 seconds
No hidden fees or cancellation charges
Tailored levels of cover to suit you
What is cyber insurance?
Cyber insurance is a specialised form of insurance designed to protect businesses from the financial and reputational damages that arise from cyber incidents, such as data breaches, hacking, and other cybercrimes. This insurance cover includes financial assistance for a variety of costs associated with cyber incidents. These encompass legal fees incurred by affected clients or third parties, regulatory fines imposed by authorities for failing to comply with data protection regulations, and costs related to the restoration of data and systems that have been compromised.
Cyber insurance covers expenses for notification costs to inform affected individuals or clients about the breach, and extends to the loss of documents or data, and even the loss of money or goods due to cyber fraud.
| Costs of restoring data and equipment | |
| Informing external parties affected by a data breach | |
| Ransom demands | |
| Net profit loss | |
| Legal defence costs |
Why do I need cyber insurance?
As cyber threats evolve, cyber insurance has become an essential part of risk management for businesses of all sizes. The financial impact of cyber incidents can be devastating, particularly for small and medium-sized enterprises that may lack the resources to recover from such events without assistance.
Securing cyber insurance will help your business to weather a cyber-attack and avoid a financial fallout.
Protect your business today
Find out more about insuring through us
What cyber insurance can cover?
Our cyber insurance covers your expenses and legal costs incurred as a result of a cyber-attack, and any compensation or costs that may subsequently be awarded (please check your policy terms and conditions for full conditions), following:
What can be covered:
| Costs of restoring data and equipment – such as the loss of customer data | |
| Informing external parties affected by a data breach – such as clients who data has been shared | |
| Ransom demands | |
| Net profit loss | |
| Legal defence costs – such as what you may be legally liable to pay to other parties |
What cannot be covered:
| Data breaches caused by human error | |
| Data breaches caused by insufficient data security |
Who needs cyber insurance?
You should consider arranging cyber insurance if:
- Your business uses, sends or stores electronic data
- You handle sensitive client data
- Your business operates online
This includes a wide range of occupations such as:
IT Consultants/Contractors
Business and management
Marketing Professionals
Financial Services
Example policy documents
Below you will find an examples of the documents provided.
| Terms of business.pdf |
Protect your business today
Find out more about insuring through us
Frequently asked questions
These frequently asked questions are designed to help you and include questions relating to policy cover, pricing and ‘technical’ terms.
Browse all FAQsCommon cybercrimes include:
- Hacking – the act of gaining unauthorised access to computer systems, networks, or data, to steal sensitive information, disrupt operations, or cause harm.
- Malware – short for malicious software- includes viruses, trojans, spyware, and other harmful programs that infiltrate, damage, or disable computers and networks.
- Ransomware – a type of malware that encrypts a victim's data, making it inaccessible until a ransom is paid to the attacker.
If you have any questions, contact one of our insurance experts, here.
Further reading for cyber insurance
