Commercial cover
Cyber insurance
Covers your costs, lost income and liability after a cyber attack or data breach.
Who it is for
Any business that relies on email, holds customer data, takes card payments or can't trade when its systems are down.
Most small-business cyber claims are not sophisticated hacks. They are phishing emails, ransomware and payment fraud. A good cyber policy gives you a 24-hour response team as well as financial cover.
Insurers increasingly expect basic controls such as multi-factor authentication and offline backups. We will help you understand what they will ask.
Usually covered
- Incident response: IT forensics, legal advice and breach notification
- Business interruption from a cyber event
- Data restoration and system repair
- Liability to customers and regulators, where insurable
- Cyber extortion and ransomware response (subject to policy terms)
Usually not covered, or needs adding
- Poor security, if you failed to meet basic conditions such as backups or multi-factor authentication
- Upgrading your systems beyond their previous standard
- Funds lost to social engineering or invoice fraud, unless specifically included
- Fines that cannot legally be insured
Policies differ between insurers. We will show you the actual wording, limits and excesses before you decide.
Often needed by
Questions
Common questions
Doesn't my business combined policy cover cyber?
Usually not, or only in a very limited way. Most package policies now exclude cyber events unless a cyber section is added.
Is invoice fraud covered?
Only if the policy includes social engineering or funds transfer fraud cover. It is often an optional extension with its own limit.
Talk it through with someone who knows your trade
Call, book a callback at a time that suits you, or send us the basics online. A named broker comes back to you within one working day.