Cyber insurance

No business or industry is immune – if you have an internet connection, you are at risk of a cyber attack.

Not a day goes by without a major cyber attack or data breach hitting the headlines. In fact, a recent study has found that a cyber attack is launched every 39 seconds[1]. No business or industry is immune – if you have an internet connection, you are at risk of a cyber attack.

Cyber criminals are becoming more sophisticated and they will continue to find ways to access your data, records, servers and networks. Having the right cyber security and risk management practices is the best way to avoid a cyber attack or data breach but, if something does go wrong, cyber insurance can help you pick up the pieces.

What is Cyber Insurance?

Think of cyber insurance like any other insurance cover you have. If there is a fire at your property, your insurance cover will help you rebuild, and cyber insurance is designed to help you get back on your feet in the aftermath of a cyber incident. Cyber insurance gives you access to a panel of experts, from legal and PR advice to IT specialists to help you control, contain and coordinate your response to a cyber incident and can cover you for a range of threats and outcomes.

[1] Safeatlast Blog - https://safeatlast.co/blog/cybercrime-statistics/

What does cyber insurance cover?

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    Impacts from a variety of cyber attacks – such as malware, ransomware, social engineering and human error
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    Government fines and penalties
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    Forced closure/down time for your business
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    Incident response and investigation costs
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    Loss, recovery and decontamination of data

How we help you

We want to make sure that we help you do the most to try and avoid an insurance claim through good risk management practices. 

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We’ve partnered with innovative tech firm brAIn-box to help give you an overview of the parts of your business that may face cyber risks.

BrAIn-box can help to:

  • Improve your cyber security posture and monitor your network without interfering with your normal business processes
  • Increase compliance by providing monthly reports highlighting your cyber protection across your whole supply chain
  • Reduce costs by improving workflow and limiting your risk of downtime from cyber incidents

To find out if brAIn-box might be right for your business, speak to your broker.

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