We guarantee to beat your new insurance quote or renewal premium from any other insurer.
New policies only. Cover on an equivalent basis to ours. Excludes policies with home emergency cover added. Qualifying criteria apply. Terms & Conditions.
New policies only. Cover on an equivalent basis to ours. Excludes policies with home emergency cover added. Qualifying criteria apply. Terms & Conditions.
If you're a victim of a cybercrime, like a data breach, ransomware attack or been tricked by phishing, then our Cyber Risks cover can help you take control, deal with the fallout and help you recover in three ways:
With 36% of micro and 48% of small businesses identifying a cyber security breach or attack in 2021, cyber security is essential. But cyber criminals can be clever. Catching you off-guard and tricking you in to doing something you shouldn't, like opening an attachment in a fake email, or finding a way through your cyber security. If this happens and they get their hands on your sensitive customer data or access to your bank account, the impact on your business could be devastating. That's why it's important to consider cyber insurance.
We spoke to an ethical hacker to find out why cyber criminals target small businesses and the things you and your employees can do to prevent attacks.
Our Cyber Risks insurance will cover you for:
If your system is attacked, we will cover the costs of:
We will cover your financial loss following:
In the event of a data security breach, we will cover the following expenses:
We will cover damages payable to a third party if:
Yes. To get our Cyber Risks cover you need to make sure your computer system is protected by anti-virus software with updates at least every 30 days.
If your business has an annual turnover of more than £250,000, you need to update your anti-virus software at least every 7 days.
You need to back-up your data at least every 30 days to get our Cyber Risks cover. But it's good practice to back up as often as possible. So that if it is needed, you've got the most up to date data to restore from.
If your business has an annual turnover of more than £250,000, you need to back-up at least every 7 days.
Yes. You need to have procedures in place to make sure that requests are checked before making payments online or transferring funds. For example:
Yes. As soon as a cybercrime has happened, you need to contact the police straight away about any loss or damage the cybercrime has caused and get a crime reference number.
The nature of cybercrime has changed in recent years, with the most common cyber attack on UK businesses being phishing.
But viruses, malware, hacking and ransomware cyber attacks are still a problem and businesses need to guard against them.
Phishing
Usually deceptive emails that involves tricking someone into opening an attachment or clicking on a link that downloads malicious software. Or, where the cybercriminal learns about the victim to impersonate someone they know and trust to get them to do something they shouldn't.
Malware
It's software that gets installed on to devices or a network that can take over the device or system and cause damage to data.
Hacking
This is where a highly skilled hacker deliberately finds a way in to a business's system. Once in, they can do things like steal and share data or hold a business to ransom.
Ransomware
Where people are tricked in to downloading malicious software that can paralyse a business's network. The cybercriminal can then demand a ransom to remove the software.
These aren't exhaustive, but you should be suspicious and investigate further. Or contact our Cyber Risk insurance experts to help you out.
Being held to ransom
Banking
Network and data problems
If you have an existing quote or policy with us, you can view and download your policy documents from the My Account page.
We tailor all our policies, so your documents only show what you've chosen to cover.
Here is a summary of a generic policy, from 22 June 2021 onwards, which shows the main covers and exclusions in our policies.