Cyber Liability Insurance
Safeguard your business against data breaches, cyber attacks, and the growing threat of digital crime with specialist cyber cover.
What's Covered
Cyber liability insurance provides comprehensive protection against the financial impact of cyber incidents, helping your business recover quickly and meet its legal obligations.
Data Breach Response
Covers the costs of forensic investigation, customer notification, and managing the fallout from a data breach.
Business Interruption
Compensates for lost income and additional operating expenses when a cyber attack disrupts your systems and prevents you from trading normally.
Cyber Extortion
Provides cover for the specialist IT support needed to resolve extortion attempts and restore access to your systems.
Regulatory Defence
Covers the cost of defending regulatory investigations and potential penalties arising from data protection breaches.
Third-Party Claims
Covers legal defence costs and compensation if customers or partners bring claims against you following a data breach or privacy violation.
Incident Management
Funds specialist support to help your business respond to and recover from a cyber incident.
Who Needs Cyber Insurance?
If your business uses technology, you are exposed to cyber risk. These sectors are particularly vulnerable:
E-Commerce & Retail
Online retailers processing card payments and storing customer details face significant breach risk.
Professional Services
Accountants, solicitors, and consultants holding confidential client information are prime targets for phishing and social engineering attacks.
Healthcare & Medical
Medical practices and care providers handle sensitive patient records that carry strict regulatory obligations.
Frequently asked questions
Who needs cyber liability insurance?
Any business that stores customer data, processes payments, uses email, or relies on computer systems should consider cyber cover. It is particularly important for e-commerce businesses, healthcare providers, financial services firms, and professional service companies that hold sensitive or regulated data.
What happens if my business suffers a data breach?
Your cyber policy will fund a specialist incident response team to contain the breach, carry out a forensic investigation, and notify affected individuals as required. Legal defence and regulatory costs are typically also covered.
What factors affect the cost of cyber insurance?
Premiums are influenced by your annual turnover, the volume and sensitivity of data you hold, your industry sector, existing cyber security measures, claims history, and the level of cover required. Businesses with robust security protocols, staff training, and multi-factor authentication typically benefit from lower premiums.
Does cyber insurance cover ransomware attacks?
Many cyber liability policies include cover for ransomware incidents, including the cost of specialist IT support to resolve the attack and business interruption losses while systems are down. Speak to your broker about the specific terms of your policy.
Get the right cover
Speak to one of our expert brokers for a free, no-obligation quote.