Running a business means relying on technology for emails, bookings, payments, and online sales. But with technology comes the risk of cyber threats like phishing, ransomware, and data breaches. Cyber Insurance keeps your business safe and running smoothly.
A single cyber attack or data breach can stop your business, hurt your reputation, and can cost thousands to fix. Cyber insurance steps in to cover those costs.
What is cyber insurance?
Cyber Insurance is your safety net against cybercrime. It protects your business from the costs and disruptions caused by hacking, data breaches, and cyberattacks. With Cyber Insurance, you can recover quickly and keep your business running without missing a beat.
What does cyber insurance cover?
Cyber insurance policy can include:
Third Party Security and Privacy
- Expenses to defend you, and damages resulting from your liability to a third party for a security failure
- Cover to defend you, and any regulatory fines from a security failure or data breach (if insurable under the law)
- Expenses to defend you, and any PCI fines arising from data breach (if insurable under the law)
- Expenses to defend you, and damages arising from the distribution of fraudulent payment instructions to your vendors or clients as a result of security failure
Event Response
- Services in the first 72 hours to help you with initial response to a cyber event
- Costs to respond to a breach including forensic fees, customer notification and more
- Costs for public relations consultancy for you or a third-party
- Costs to respond to an extortion incident
- Business interruption loss arising from a security or systems failure
- Digital asset restoration
- Replacement or restoration of computer hardware
- Reasonable expenses to attend a trial in defence of a third-party claim
Cyber Crime
- Funds transfer losses, including through social engineering
- Impersonation repair costs
- Invoice manipulation
- Invoices you are unable to collect as a result of phishing
Additional cover is available for bodily injury and property damage if required. All cover is subject to policy limits and exclusions. You can find full details on our policy documents page.
Get your Cyber Insurance quote today
Stay one step ahead – keeping your cyber safety up to date is easier than you think. We’re available Monday to Friday 9am-5pm.