Protecting your Business
Cyber insurance is a type of insurance policy that provides coverage for businesses and individuals against losses and damages resulting from cyber-attacks, data breaches, and other cyber threats. It is designed to help protect against financial losses due to business interruption, theft of sensitive data, damage to computer systems, and legal liabilities arising from cyber incidents.
Cyber insurance policies typically provide coverage for a range of benefits, including business interruption, data loss and restoration, legal expenses, public relations expenses, notification expenses, and liability protection. Some policies may also include coverage for cyber extortion and ransomware attacks.
Cyber insurance is important for businesses of all sizes, as cyber threats are becoming increasingly common and sophisticated. The costs of a cyber-attack can be significant, including lost revenue, legal fees, and damage to a company's reputation. Having cyber insurance can help businesses recover more quickly and reduce the financial impact of a cyber-attack.
It's important for businesses to carefully assess their cyber risks and work with a trusted insurance agent or broker to select the right cyber insurance policy for their specific needs.
SPEAK TO A SPECIALIST
Contact Mike Stammers, our resident expert on all aspects of commercial insurance, for all enquiries relating to business insurance, fleet insurance, commercial liability, and Bi risk liability.
Leslie B Holmes (Securities) Ltd Trading as LBH Insurance, is registered as a limited company in England and Wales under company number 00473495.
We are authorised and regulated by the Financial Conduct Authority (FCA)reference number 310578.