What is Cyber Insurance?
Cyber insurance helps protect small and medium businesses in the UK from the financial impact of cyber threats like data breaches, hacking, or ransomware. It provides support to recover from incidents, covering costs such as data recovery, legal fees, and business disruption. Even if your business has strong IT security, mistakes can happen, and cyber insurance acts as a safety net, offering peace of mind in the digital age. As businesses increasingly rely on technology, cyber insurance ensures you’re prepared to manage risks and keep your business running, no matter what happens.
Who needs Cyber Insurance?
If your UK small or medium business uses computers, sends emails, stores customer data, or relies on the internet, you need cyber insurance. Cyber-attacks and data breaches can cost time and money, putting your business at risk. Cyber insurance provides financial protection and expert support to help you recover, even if you’re new to cybersecurity. It’s an essential safeguard in today’s digital world.
- Businesses that store customer or employee data digitally
- Companies relying on email, websites, or online sales
- Organisations vulnerable to cyber-attacks or data breaches
- Small and medium businesses with limited cybersecurity knowledge
Why do I need Cyber Insurance?
Cyber insurance protects small businesses from financial and reputational damage caused by cyber-attacks, data breaches, and human error. If your business uses technology, stores customer data, or processes payments, cyber insurance helps cover unexpected costs, keeping your business secure and operational.
Keeps your customer and employee information safe from theft or misuse.
Shields your business from the high costs of cyber-attacks or breaches.
Minimises damage to your business reputation after an incident.
Addresses mistakes like phishing or accidental data leaks.
Helps meet regulatory requirements for data protection and cyber security.
Provides legal, forensic, and IT expertise during cyber incidents.
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