Cover for data breaches, ransomware, and business interruption losses
24/7 incident response team included with most specialist policies
Growing requirement in regulated industries and large client contracts

Cyber insurance protects your business from the financial consequences of cyber attacks, data breaches, and digital incidents. A comprehensive policy typically covers investigation and remediation costs, business interruption losses, ransomware payments, legal liability if customer or employee data is compromised, regulatory defence costs, and access to a 24/7 incident response team.
Cyber attacks are the most common cause of business disruption in the UK and the financial impact continues to rise. The ICO can impose GDPR fines of up to £17.5m or 4% of global turnover. Cyber insurance does not prevent attacks, but provides the funding and expert support to recover quickly and keep trading throughout.
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Answers to the most important questions UK businesses ask about cyber cover.
A comprehensive policy covers first-party costs (investigation, remediation, business interruption, ransomware payments), third-party liability (claims from customers whose data was exposed), regulatory and legal defence costs, and crisis communications. The exact scope varies by policy.
Yes — small businesses are frequently targeted because they often lack enterprise-grade security. The average cost of a cyber incident for a UK SME is £8,460, but the total impact including downtime and reputational damage is typically far higher.
Insurers assess your security when underwriting. Poor practices may mean higher premiums, exclusions, or a declined application. Implementing multi-factor authentication, regular backups, and staff training improves both your security and your insurability.
GDPR does not explicitly require it, but it requires adequate security measures and breach notification within 72 hours. Financial penalties for non-compliance are severe. Cyber insurance helps manage this risk and provides legal expertise for breach response.
Most SMEs pay between £500 and £2,500 per year. Premiums depend on sector, data sensitivity, revenue, security posture, and cover level. Businesses in healthcare, finance, or legal typically pay more.