Is your head office domiciled in the UK and your gross annual turnover less than £20m? Then your organisation could be eligible for the included free cyber insurance.
In recent years, the threat of cyberattacks has become more prevalent than ever before. With the advancement of technology, hackers and cybercriminals constantly find new ways to exploit vulnerabilities and gain unauthorised access to sensitive information. In response, many companies and individuals are turning to cyber insurance as a means of protecting themselves against the financial and reputational damages that can occur as a result of a cyberattack.
Cyber insurance is designed to cover the costs associated with a cyber incident, such as data breaches, ransomware attacks, or business interruption. While cyber insurance is undoubtedly a valuable tool in mitigating the costs of a cyberattack, it is often seen as an additional expense that many small businesses may not be able to afford.
If you run a small business, such as a hairdressers or café with minimal risk, a free policy that gives you some cover (up to £25K) is better than nothing: https://iasme.co.uk/cyber-essentials/cyber-liability-insurance/
However, if a cyber attack would cause serious disruption to your business, a free policy would not be suitable and we recommend you contact Misty at Fairview Broking Limited for personalised advice:
T: 0333 1882218
