Cyber Insurance
PROTECTION AGAINST THE GROWING THREAT
Are you looking for a Cyber Insurance Quote? We can help you arrange Cyber Insurance protection for your company. Call us for free professional advice on 01892 511 144 or request a quote.
What is Cyber Insurance?
A Cyber Insurance policy, also known as Cyber Liability Insurance, helps you protect your business against the losses and costs associated with breaches, business interruptions, ransomware, phishing attacks, and other cybercrimes.
When a cyberattack occurs, cybercriminals not only can steal your data or money, but they can also damage your reputation. Having robust IT security can help you prevent an incident, but unfortunately it doesn’t prevent everything. If a cyber attack occurs, your Cyber Insurance will provide you with post-incident support, helping you recover as soon as possible. It also provides legal support and can help defend your reputation.
Why get Cyber Insurance arranged by Darwin Clayton
At Darwin Clayton, we have been helping businesses arrange Cyber Insurance for many years. Our team of insurance specialists is here to help you understand what risks Cyber Insurance can provide cover for and what level of cyber coverage is appropriate for your business. The Cyber Insurance policies we source, can provide the following benefits:
- Cyber Insurance tailored to your business
- Cybersecurity awareness training for your employees
- Risk insight and management tools to proactively mitigate cyber attack risk
- Assistance should you need to make a claim
- Post cyber incident services & support
As you can see, your business insurance is in excellent hands with Darwin Clayton
We're here to help.
What does Cyber Insurance cover?
Cyber Insurance can help protect your business against financial impact and losses associated with cyber incidents, such as data breaches or malicious cyber hacks on your work computer systems.
Typically, a Cyber Insurance policy will provide cover for:
It helps protect your business against costs and expenses related to recovering stolen or lost data.
Businesses are usually required to notify their customers of a data breach, especially if it involves the loss or theft of personally identifiable information (PII). Cyber Insurance can help cover the cost of this process.
This helps cover your costs for replacing, restoring, or creating digital assets that were damaged or lost due to a cyber attack.
Victims of ransomware are forced to pay ransom when threatened to publish or sell stolen data or deny owners access to their own systems. Cyber Insurance helps you to cover ransom payments.
If a customer or a member of the public takes action against you under the Data Protection Act, Cyber Insurance will help you cover legal fees that occurred.
These aim to reveal how the attackers got in and what needs to be done to prevent the problem from occurring again.
Should the attack mean you are unable to trade – if, for example, you are locked out of your system – then Business Interruption Insurance will provide you with an income until you can get back to normal.
Cyber attacks can have wide repercussions and affect customers and suppliers. Effective reputation management can help keep third parties informed and protect important business relationships.
As the threat has grown and the costs of claims have escalated, so some insurers now offer policyholders access to cyber security experts when they take a policy out. These specialists can undertake system vulnerability assessments and staff training to help prevent a successful attack.
How does Cyber Insurance help to protect your business?
Even with robust cyber security in place, there is no guarantee that your business will not become a victim of constantly evolving cyber-attacks. According to the Cyber Security Breaches Survey conducted on behalf of the UK Government, half of the UK businesses were hit by Cyber Attacks, where one in ten ended up losing money.
The Cyber Insurance we arrange can help you strengthen your defences and reduce cyber incidents. However, should an attack occur, the insurance will provide help to limit the impact and provide support to get the business back up and running quickly.
Cyber Insurance FAQs
It is important for your company to have robust protection against constant cyber threats. To help you choose the right insurance coverage for your business, we prepared these frequently asked questions for you to look at.
We hope you find them helpful, but if you still require further assistance, please contact our team of insurance specialists on 01892 511 144. We are here to help.
Every business uses technology, which makes it vulnerable to a constantly growing cybercrime. You are at risk if you own a business that collects or stores sensitive information, such as customer / supplier data or financial information.
There is no guarantee that your business will not fall victim to cyber-attack, which can happen due to constantly evolving technology or human error. Cyber Insurance can help you manage your cyber risks, prevent cyber incidents from occurring, and protect your business from financial losses or business disruptions.
Every business is unique, and so is yours. We can help you evaluate your business risks to determine the level of protection you need. Talk to our insurance specialist to find out what coverage is required for your business, call us on 01892 511 144.
Cyber Insurance can be tailored to your particular business’s unique features. The cost will be determined by several factors, such as the nature of your business, how much data you store, and its size and complexity. Looking for a quote? Talk to our insurance specialists about your company insurance needs. Call us on 01892 511 144, or get a quote here.
Like some more Cyber Insurance help?
If you’d like some help with your Cyber Insurance, please give us a call on 01892 511 144. Our team of insurance professionals will be happy to help you get the protection you need and offer you an Cyber Insurance quote.