Cyber incidents are one of the fastest growing risks for UK businesses. From ransomware and data breaches to social engineering and fraudulent payments, a single incident can disrupt operations, compromise confidential information and result in significant financial and reputational damage.
Cyber Liability insurance is designed to help businesses respond to covered cyber incidents and manage associated costs and liabilities.
An accounts employee receives what appears to be a legitimate payment instruction from a senior executive.
The email is fraudulent and funds are transferred to a criminal account.
Depending on the policy and extension selected, Cyber Crime or Social Engineering cover may provide protection for the resulting financial loss.
Cyber insurance varies considerably between insurers.
We help identify the areas of exposure relevant to your business and consider specialist cyber markets rather than treating cyber risk as simply another standard commercial extension.