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Business Insurance

Cyber Insurance

Protection against data breaches, cyber extortion and the liability that follows a security incident.

Your systems & data
Risk & security review
Cover in place
Incident response support
Overview

What is Cyber Insurance, and why does it matter?

Cyber insurance covers the financial fallout of a cyber incident — a data breach, ransomware attack or system compromise — including your own costs of responding to it and, in many policies, your liability to third parties whose data was affected. As businesses of every size hold more digital data and rely on more connected systems, this has become a meaningful gap in traditional business insurance.

Who should consider this

Risk

Risks this cover helps address

Coverage

What can be covered

First-party cyber liability

Your own costs — incident response, forensics, notification, and system restoration — following a covered event.

Third-party cyber liability

Liability to others (customers, partners) arising from a data breach or security failure.

Data breach response costs

Costs of investigating, containing and communicating a breach, including specialist support where required.

Business interruption from cyber events

Loss of income during downtime caused by a covered cyber incident.

Optional covers & add-ons

Read carefully

What's typically excluded

Every policy is different — this is a general guide to the kind of exclusions common in this category, not a list for any specific policy.

Buying & documentation

What affects your premium, and what you'll need

Premium factors

  • Volume and sensitivity of data held
  • Industry and regulatory exposure
  • Existing security controls and practices
  • Business turnover
  • Prior claims/incident history

Documents usually needed

  • Description of IT systems, data held and security measures
  • Prior incident history, if any
  • Business turnover and data volume estimates
  • Existing IT security policy documentation, if available
If something happens

How a cyber claim works

1

Isolate affected systems

Limit further damage where possible, without destroying evidence.

2

Preserve logs and evidence

Don't wipe or reinstall systems before your insurer's incident-response team has been consulted.

3

Notify us or your insurer promptly

Many cyber policies require early notification and may have empanelled incident-response partners.

4

Get professional guidance before paying any ransom

Don't engage attackers without legal and professional advice.

5

Regulatory notification, where required

Cyber incidents often carry separate regulatory obligations alongside the insurance claim — we can help connect you with the right resources.

For full step-by-step guidance and a claim assistance form, visit the Claims Centre →

Learn more

Understanding Cyber Insurance

Video Guide Coming Soon

We're preparing a short explainer on cyber insurance. In the meantime, the sections above cover the essentials — or get in touch with a question.

FAQ

Frequently asked questions

Does my general business liability policy already cover this?

Usually not adequately — cyber risk is typically excluded or only lightly covered under general liability policies, which is why a dedicated cyber policy exists.

We're a small business — is cyber insurance really necessary?

Smaller businesses are often targeted precisely because their defences tend to be lighter, and the cost of a breach can be proportionally more damaging. It's worth an honest assessment rather than assuming size alone is protection.

Does cyber insurance cover ransomware payments?

Some policies include cyber-extortion cover, but this varies significantly by insurer and involves important legal considerations. We'd talk through what's actually available and advisable rather than assume it here.

You may also need

Related cover worth considering

Ready to get a cyber quote?

Tell us what you need covered — no payment or policy details required to start the conversation.

Actual coverage, exclusions, limits, deductibles, eligibility and terms depend on the insurer, the policy you select and underwriting. This page is general information, not a quotation or a guarantee of cover — nothing here is a substitute for reading your policy wording, and no coverage exists until a policy is issued by the insurer.