Cyber Liability Insurance

Protect yourself against cyber security risks with our specialist cyber insurance. Policies from just £14.67* per month, including data recovery, business interruption cover and protection against intellectual property theft. *Based on a business consultant with income up to £149,000, living anywhere in the UK covered for a £50,000 limit and with a £1,000 excess. Correct at 30/6/21.

0330 123 5741

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About Cyber Liability Insurance

Worldwide

Affordable cyber insurance

Dedicated cyber security against the latest digital threats from just £12* a month.

Building

Data recovery

Data recovery in the event of a security breach.

Document

Intellectual property protection

Protection against the theft of your intellectual property in the event of a cyber-attack.

Direct Debit

Pay for Direct Debit

You can choose to split your payment into 10 monthly instalments. Please read our dedicated page on Direct Debit.

Features of Cyber Liability Insurance

Standard cover

Cyber extortion insurance

We will protect you if a hacker tries to hold your business to ransom with any final ransom paid, as well as the services of a leading risk consultancy firm to help manage the situation.

Data recovery services

In the event you lose any important data, we can provide data recovery services. This may incur an extra cost on your behalf – check your cyber insurance policy wording for more information.

Cyber business interruption

We will provide compensation for loss of income, including where caused by damage to your reputation, if a hacker targets your systems and prevents your business from earning revenue.

Hacker damage reimbursement

We will reimburse you for the costs of repair, restoration or replacement if a hacker causes damage to your websites, programmes or electronic data.

Cyber Liability Insurance FAQs

Question

What is cyber insurance?

Answer

The purpose of cyber insurance is to protect businesses from Internet-based risks and, more generally, from risks relating to information technology infrastructure and activities.

Question

Do I need cyber insurance?

Answer

If you hold customer data, such as names, addresses or banking information, are reliant on computer systems to conduct your business, have a website, or are subject to a payment card industry (PCI) merchant services agreement, you should be protecting your customer data, which could be compromised in the event of security breaches e.g. due to hackers, computer system failure, breach of data protection, etc.

Question

Is my business at risk of a data breach?

Answer

Your business could be vulnerable to a data breach or loss of vital business services if you: hold customer details such as names and addresses or banking information; are reliant on computer systems to conduct your business; or are subject to a payment card industry merchant services agreement.

Question

How can I reduce cyber risks?

Answer

Cyber risks are unavoidable, but there are steps you can take to reduce the risks. Our experts can advise you on the best way to protect your data and business.

Question

What types of business is cyber insurance suitable for?

Answer

Business in the following sectors may be suitable for our cyber insurance: accountancy, advertising and marketing, construction, consultancy, education, hospitality, hotels, law, manufacturing, media, publishing, recruitment, retail, technology, telecoms, transport, restaurants, etc. Please note that this cyber liability insurance policy is designed for businesses with an annual income of up to £10 million.

Question

What happens in the event of a data breach?

Answer

If you suspect a data breach, notify your adviser immediately. Next, you will be provided with an IT forensics assessment, legal support, call centre support, customer communications support and credit monitoring. Following resolution, care will continue to minimise the risk of future leaks.

Question

I have a computer that I suspect has evidence on it. What should I do?

Answer

This largely depends on the situation. If a computer is switched off, leave it off and prevent any further access. If a computer is running, please contact us as soon as possible and we can talk you through the most suitable procedure.

Question

What kind of techniques do you use to gather evidence in the event of the cyber-attack and/or data leak?

Answer

We will use all current methods at our disposal to determine the misuse of your equipment. These can include but are not limited to: recovering deleted data, establishing who has sent emails, showing a user's internet browsing history - even after it has been deleted, showing who created or last altered a document, and ascertaining if a file has been copied.

Question

Does your cyber insurance policy cover offline and online exposure?

Answer

Yes. Policies are triggered by the breach of electronic and non-electronic data that includes theft and loss. This means that you have insurance for exposures that may range from a sophisticated hack to a sensitive piece of hard data ending up in the wrong hands.

Question

What are some examples of possible claim scenarios for cyber insurance?

Answer

Data breaches following employee theft, data breaches following loss of a memory stick, data breaches following hacking, cyber business interruption and denial of service attacks.

Question

I have a small company. Do I need cyber insurance?

Answer

The Department for Business, Innovation and Skills reported that 74% of small businesses and 90% of large organisations suffered a data breach in 2014 and these breaches are on the rise.

Question

My data is stored in the cloud. Does this mean that cyber liability rests with them?

Answer

Not exactly. It would be wise to carefully review your cloud contracts with legal counsel. Even if the risk is reduced, the liability may still fall to you. Remember: you can outsource the service but not the responsibility.

Question

I am confident that my information is secure. Do I need a cyber liability insurance policy?

Answer

Even companies with large departments dedicated to IT security experience data breaches. A simple oversight like not updating software, inappropriate user authentication procedures for third-party vendors or losing an unencrypted laptop can lead to a breach.

Question

Do you offer any support beyond my cyber insurance policy?

Answer

Yes, with us you will have access to tools and resources to keep you up to date with evolving risks and information on how to establish a response plan.

Question

Can I pay in instalments?

Answer

To help you manage the cost of your cyber liability insurance premiums, we offer a quick and easy direct debit scheme for spreading payment over ten months. Please visit our dedicated Direct Debit page to find out more.

How do I make a claim?

When you need to make a claim, we’ll guide you through the process and get your claim settled as quickly as possible.

1.

Find your insurance documents

and make sure you have all your information at hand, including your policy number

2.

Call the claims team

on 0344 892 1384 and explain exactly what happened

3.

Provide photos if requested

to help us understand what happened as quickly as we can

Relaxed Person Making Claim