You may have seen some high-profile cyber attacks in the news recently, but did you know that cyber criminals more commonly target small and mid-sized businesses?
These businesses often lack the resources to recover quickly, making them prime targets. One breach or incident can lead to devastating financial and reputational losses.
Just like you’d take out fire or theft insurance for your home knowing it won’t stop an incident from happening but will help you recover if it does, cyber insurance works the same way for your business. It doesn’t just help to prevent attacks, but it also ensures you have the financial support and expert help needed to bounce back quickly. Premiums for cyber insurance are generally lower than you might think, making it a cost-effective way to protect your business from one of today’s fastest-growing risks.
Cyber insurance is designed to protect your business from the financial and operational impact of cyber incidents such as data breaches, ransomware attacks, and system outages. It can cover costs including data recovery, legal fees, customer notification, regulatory fines, and business interruption.
Beyond financial protection, cyber insurance gives you access to expert support when you need it most, from IT specialists and forensic investigators to crisis communications and legal advice. With cyber threats becoming more sophisticated, this cover helps safeguard your reputation, minimise downtime, and ensure a swift recovery after an attack.
