Top up Cyber Liability Insurance

Cyber Liability Insurance

Add extra cyber liability insurance.

Using the Cyber Essentials controls can actively lower the price of your cyber liability insurance.

Firewall Setup

Secure Configuration

Access Control

Malware Protection

Patch Management

We know that implementing the Cyber Essentials controls can reduce the risk of a cyber attack and thus your premium.

What is Cyber Liability Insurance?

Every single person and every single insurance company has a totally different definition of what cyber insurance means. So what should it mean? It should mean protecting probably the most valuable thing your organisation possesses from being destroyed or locked away from you.

At its simplest, that’s what Cyber Risk Insurance is there to do – to protect you. And it can also cover you if you’re the victim of E-Fraud (Unauthorised Electronic Fund Transfer) or if your website is corrupted or if your telephone system is hacked.

Traditional insurance policies will quite happily cover you if you have a fire or get your computers stolen, but they have never covered the risk of someone clicking on a dodgy email and accidentally downloading ransomware – or a hacker targeting you, or even an employee deliberately trashing your system because he/she is off to work for a competitor tomorrow. This is why businesses need cyber security insurance.

At its most basic, a cyber liability insurance policy provides instant expert assistance in regaining control of your computer; PR costs to convince the world that everything is OK (or at least it will be soon); Credit Monitoring of affected individuals and help if you fall foul of the new GDPR regulations.

Why should my business get liability insurance?

Peace of mind in case the worst happens.
Reassure customers that you are working to secure your IT against cyber attack.
Attract new business with the promise you have cyber security measures in place.
Give a clear picture of your organisation’s cyber security level.
Grow your business as some Government contracts require Cyber Essentials certification.

What a fascinating term – Cyber Liability Insurance. It sounds like something from Dr Who is going to attack you! But not only is it much scarier than that, it’s also much more likely.

Even the NCSC

And yes – it can happen. Even the NCSC is now saying it’s WHEN not IF small businesses will be targeted by cyber criminals because big companies have big budgets to protect themselves (and they still fail), so what chance do smaller business with older operating systems and defences have? The ransomware attack on the NHS showed just how easy it is to be shut down if there is even the smallest hole in your defences.

Just imagine

Just imagine if you were locked out of your computer system, for say 6 months? So… no accounting? Zero client or customer records? Or patient records if you’re a GP? I would suggest most businesses would just cease to trade.

Cyber Essentials is a basic level certification designed to provide a statement of the basic technical controls your organisation should have in situ to mitigate the dangers from common cyber threats.

The certification defines a focused set of controls that provides you with clear guidance on the fundamentals of cyber security for companies of all sizes and offers a sound foundation of clear cyber security measures that all types of organisations can implement easily and at a low cost.

This certification is an industry supported and Government backed scheme that assists companies protect themselves against the ever growing threat of cyber attack and provides a clear statement of the essential controls businesses should have in place for protection.

UK Government’s answer to keeping organisations safer in the cyber world

It is the UK Government’s answer to keeping organisations safer in the cyber world. This caters for organisations of all sizes, across all sectors. Developed and accredited by the National Cyber Security Centre (NCSC), Cyber Essentials is regarded as the best first step to a safer network and protecting you from at least 80% of the basic cyber security breaches.