Cyber insurance for specialist industries.
Cyber crimes are becoming more and more common – 50% of businesses reported having experienced a cyber attack in the last twelve months alone.
So, how do you stay secure? Dedicated cyber insurance coverage protects your business in the event you’re targeted by a cyber attack.
What Is Cyber Insurance?
Cyber insurance is designed to protect your business from serious threats such as data breaches, hacking, or fraud. You’re responsible for the security of your company, but tailored insurance means you won’t have to face it alone: cyber insurance can help you recover financial losses and improve your security for the future.
No matter how secure your systems are, employee mistakes and targeted attacks can happen. If you rely on technology for any reason, you could be at risk of data being stolen or your systems being compromised. A cyber insurance policy covers you for these risks, so you have total peace of mind that if the worst happens, Wentworth Alexander is by your side to help you face it.
Common Cyber Crimes
Cyber crime covers any illegal activities related to the internet or computers. There are many common cyber crimes that businesses can face:
- Ransomware – This is a form of malware that steals data and demands a payment in exchange for it back. If payment is refused, the attacker may threaten to leak the stolen information or block the files permanently.
- Phishing – Phishing scams are common cyber security threats that involve emailing companies posing as a colleague or client. People may click on threatening links that then steal their information, such as passwords or bank details.
- Social engineering – This is a form of manipulation that encourages employees to give up sensitive information. People may try to exploit an employees lack of technical knowledge, potentially over several months.
- DDoS Attacks – Distributed denial of service (DDoS) attacks aim to overwhelm a server or network to disrupt the performance of the website.
- Malware – There are many different types of malware that may be used to attack businesses. In general, malware aims to damage or disable computers, and can also be used to steal company information.
Our clients include:
Key sectors
Automotive
Woodworking
Chemical
Electrical &
Electronics
Fashion & Footwear
Food & Drink
Plastics
Additive
Manufacturing
Metal
Fabrication
Creative/Digital
Agencies
Software Development
IT Service
Providers
What Does Cyber Insurance Cover?
Depending on your policy, cyber insurance can cover:
Cyber Crime
Cyber crime is growing more and more common, and requires extensive investigation. Cyber business insurance ensures that if the worst happens, the perpetrators will be investigated, and any legal services and refunds to customers are included.
Data Breaches
Data breaches occur when unauthorised parties access sensitive information without permission. This can include anything from bank details to customer addresses to intellectual property.
Computer System Damage
Cyber insurance covers any damage to your computer system that occurs from cyber attacks. This can include removing any viruses that have infected your computer system or recovering lost or stolen data.
Loss Of Revenue
Cyber attacks can significantly disrupt regular business activities, especially if you primarily work on or with computers. Cyber insurance can cover any potential loss of business income that comes with an attack to help minimise the impact on your company.
Cyber Insurance With Wentworth Alexander
Our industry knowledge & experience sets us apart from the crowd.
Protect your business with dedicated cyber insurance from Wentworth Alexander Insurance Brokers. Our team of experts has over 250 years of combined experience and are trusted by many industry leaders to find the best insurance solutions for their business.
We aim to understand your unique needs, and take time to get to know your business so we fully understand your risk profile and provide suitable recommendations. Plus, if you need to make a claim, we have our own in-house claims team to help you through the process.
To discover more about how we can help you, get in touch for a bespoke quote from one of our insurance experts today.
Contact us
Get in touch about your insurance
Our team is ready to help you find the right insurance solution. Speak to our specialists today to discuss your insurance needs.
Our team will be happy to help and provide you with the advice you need.
Redlands
Cliftonville
Northampton
NN1 5BE
Cyber Insurance FAQs
What Is The Cost Of Cyber Insurance?
The cost of cyber insurance coverage varies depending on factors such as the size of your business, your level of cover, and the size of your excess. For a bespoke quote, get in touch with our team today.
Is Cyber Insurance Worth It?
Yes, cyber liability insurance is worth it to add an extra layer of protection to your business. Even if you have a robust security system, clever attackers can slip in through the cracks, so insurance gives you additional peace of mind.
Who Needs Cyber Insurance?
No matter the size of your business, cyber insurance is key. Cyber criminals are getting more sophisticated, and even with training, employees may make mistakes or let something slip to the wrong person.
Do I Need Cyber Insurance If I Have Cyber Security?
Yes, cyber insurance works hand in hand with cyber security. Human error, social engineering, and phishing scams can all allow cyber breaches, even with a dedicated security set up. Cyber liability insurance means that you’re covered if anything should happen.
How Else Can I Keep My Business Secure?
Alongside a strong cyber insurance policy, there are additional steps you can take to keep your business safe:
- Provide staff training to educate employees on common scams or attacks, such as phishing.
- Review your security policy and ensure it’s up to date.
- Routinely back up your data and, if possible, keep it stored in a remote off-site location.