Cyber Insurance
for professionals 

When mistakes happen,
make sure you’re covered.

Cover features

  • Hardware

  • Data corruption

  • Cyber crime

  • Cyber liability

  • Data-breach Expense

  • Loss of Income

Policy features

  • Experienced Cyber broker with access to unique UK insurer schemes

  • Dedicated customer service, support with a UK based contact centre

  • Monthly instalments available*

*We offer a direct debit payment plan, subject to a minimum premium of £150 including the initial deposit.

Cyber insurance is becoming an important part of many businesses cyber toolkits. No business, big or small which uses computers, the internet or holds data is safe from the threats.

By providing your details you confirm you agree with our Terms and Conditions and Privacy Notice

Quick, Simple, Hassle-free

Cyber Insurance
for professionals

By providing your details you confirm you agree with our Terms and Conditions and Privacy Policy

Quick, Simple, Hassle-free

Cyber insurance is becoming an important part of many businesses cyber toolkits. No business, big or small which uses computers, the internet or holds data is safe from the threats.

Cyber Insurance
for professionals 

When mistakes happen,
make sure you’re covered.

Cover features

  • Hardware

  • Data corruption

  • Cyber crime

  • Cyber liability

  • Data-breach Expense

  • Loss of Income

Policy features

  • Experienced Cyber broker with access to unique UK insurer schemes

  • Dedicated customer service, support with a UK based contact centre

  • Monthly instalments available*

*We offer a direct debit payment plan, subject to a minimum premium of £150 including the initial deposit.

Cyber insurance is a specialist insurance policy which has been designed to help protect businesses, and help them recover in the event of a cyber incident. These incidents can come in many forms and can have devastating consequences for businesses. Cyber insurance can help businesses by offering cover for:

  • Hardware – Breakdown, loss, theft or damage
  • Data corruption – Restoration of computer systems
  • Cyber crime – Covering financial losses
  • Cyber liability – paying for defence costs arising from a claim against the business
  • Data-breach Expense – legal advice, Crisis Management, audits & security upgrades
  • Loss of Income – cover for loss of income following a cyber event

While existing insurance policies such as Commercial Property, Business Interruption or Professional Indemnity insurance may provide some elements of cover against cyber risks, businesses of all sizes are increasingly looking for specialised cyber insurance policies to supplement their existing insurance arrangements.

There have been numerous examples of businesses which have been affected by cyber events. In May 2017, NHS England, FedEx and hundreds of other companies around the globe were hit by the ‘WannaCry’ Ransomware software. Then in June 2017 the ‘Petya’ ransomware virus spread from Ukraine across the world. Although these aren’t the first high-profile cyber attacks to occur, they do highlight the clear and present danger that businesses face. Is this reason enough to get Cyber insurance?

FAQs

What does Cyber Insurance policy cover?

Hardware

– cover against loss, theft, damage, cyber events and breakdown to hardware (including portables worldwide).

Data corruption and extra cost

– cover to restore computer systems to the position they were in prior to a cyber event, including damage to hardware and costs incurred due to prevention of access resulting from a cyber event. Cover also applies to the computer systems of the insured’s service providers.

Cyber crime

– cover for financial loss resulting from fraudulent input or change in data into insured computer systems leading to dishonest money and credit transactions.

Cyber liability

– cover to pay for damages and defence costs from claims made against the insured for failure to secure data, unintentional transmission of a virus and reputational damage from website, email or distributed content.

Data-breach expense

– cover to pay for the costs of investigating a data breach and notifying customers, legal advice, public relations and crisis management expertise, identity theft assistance for insured’s customers or others affected and a security audit to identify weaknesses in computer systems.

Cyber event

– loss of business income – cover for loss of income following a cyber event or prevention of access.

What are the risks faced by not having Cyber insurance?

There are two clear forms of risks for businesses if they choose not to have cyber insurance in place.

Firstly, cyber insurance will potentially help minimise the expenses, or help cover the business costs caused by a cyber event. This will allow the business to maintain/regain their focus on their everyday work. For many businesses IT is an integral part of day to day operations, therefore a loss of IT systems could mean the business couldn’t generate income.

Secondly, time is also a risk factor because time spend battling, recovering and fixing IT infrastructure means less time is spent carrying out essential business and growth tasks. Small businesses with less resources and manpower could be significantly affected by this.

Can my business run without cyber insurance?

Simply, yes. However, as mentioned above there are significant threats to businesses, and the risks are equally sizeable. As a business decision it’s important to decide whether the costs outweigh the risks.

How much does cyber insurance cost?

There are different levels to the cyber insurance offered at Black & White. To get a quote, give us a call now on 029 2080 8921.

Professional Cyber Insurance, Quick, Simple, Hassle-free