Cyber Insurance
Cyber crime is an ever growing and changing threat, ensure you're insured against data breaches.
This insurance has been designed to provide you with financial protection against the costs of a data breach or interruption.
Why do you need cyber insurance?
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Cyber-related losses are now the largest recorded offence in the UK, overtaking physical crime. Data is now more valuable to criminals than assets.
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Cyber losses cost the UK economy £27bn a year.
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Average cost of a cyber-breach for a small business is £75,000 - £311,000.
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Potentially, all businesses are responsible for the third-party data they hold.
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Data is one of your most valuable assets but it is also one of the most uninsured exposures.
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Systems are critical for performing day-to-day business activities, but downtime due to a cyber attack is not covered by a standard business interruption policy.
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Your reputation is a vital asset, so why not protect it?
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In the event of a mistake or attack, the costs of a breach could be significant.
(Source: GOV.UK - The Cost Of Cyber Crime)
Commercial Insurance
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