Cyber Insurance
A cyber incident can disrupt your business in minutes. Cyber insurance can help protect against the financial and operational impact of cyber attacks, data breaches and other cyber events.
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1200+
Businesses covered
250+
Referral partners
98%
Retention rate
What is Cyber Insurance?
Cyber insurance is designed to help businesses respond to the financial and operational consequences of certain cyber incidents, including data breaches, ransomware, cyber attacks and technology-related business interruption.
A cyber event can affect businesses of any size. The costs can extend beyond restoring systems and data to include specialist incident response, legal advice, notification costs, business interruption and liability to third parties.
Surety Risk Solutions takes the time to understand your business, the technology you rely on, the information you hold and the cybersecurity controls you have in place before helping you arrange appropriate cyber insurance.
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Protection When a Cyber Incident Disrupts Your Business
Cyber insurance can provide access to both financial protection and specialist support when an incident occurs. The scope of cover varies significantly between insurers, making it important to understand what protection is actually being offered.
Incident Response
Cover can provide access to specialist support following an insured cyber incident, including forensic investigation, legal advice and other incident response services.
Data Breach & Privacy
Protection for certain costs and liabilities arising from data breaches and privacy incidents, including investigation, legal and notification expenses.
Cyber Business Interruption
Cover can provide protection for certain loss of income and additional costs when an insured cyber incident interrupts your business operations.
Cybercrime & Ransomware
Depending on the policy, protection may be available for certain cybercrime losses and ransomware incidents, subject to policy terms, conditions and applicable law.
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Cyber Risk Affects Businesses of Every Size
Cyber risk isn't limited to technology companies or large organisations. If your business uses email, stores information, accepts electronic payments or relies on technology to operate, a cyber incident can affect you.
Professional & Service Businesses
For businesses holding confidential client information and relying on email, cloud platforms and other technology to deliver their services.
Retail & E-Commerce
For businesses processing payments, maintaining customer information or relying on online systems to generate sales and serve customers.
Businesses With Employees
For organisations exposed to phishing, compromised credentials, human error and other cyber risks arising from everyday technology use.
Technology-Dependent Businesses
For businesses where access to systems, software, data or online services is critical to continuing normal operations.
Let's Start the Conversation.
Whether you're a business looking for commercial insurance or an adviser looking to broaden what you offer, the first step is the same. Tell us a little about the situation and we'll put you with the right specialist.
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A Practical Approach to Cyber Insurance
Cyber insurance is changing rapidly, and insurers increasingly want to understand the security controls businesses have in place. We help you navigate both the insurance requirements and the available cover.
01. Understand Your Cyber Exposure
We start by understanding your business, the information you hold, the systems you rely on and the potential consequences if those systems become unavailable.
02. Review Your Cyber Controls
We consider security measures such as multi-factor authentication, backups, software updates, endpoint protection, staff training and access controls.
03. Approach the Insurance Market
Surety Risk Solutions approaches suitable insurers and underwriting agencies and considers available cover, limits, excesses, conditions and cybersecurity requirements.
04. Explain Your Options
We explain the important differences between policies, including incident response, business interruption, cybercrime and privacy protection, so you can make an informed decision.
Why Surety Risk Solutions?
Cyber insurance policies can vary considerably in both the protection they provide and the security controls insurers expect. We help you understand both sides of the equation.
We Start With Your Business
We look at how your business uses technology and data rather than treating cyber insurance as a standard technology product.
We Understand Insurer Requirements
Cybersecurity controls can affect both whether an insurer will offer cover and the terms available. We help identify the information insurers need when considering your risk.
We Look Beyond the Headline Limit
Incident response, business interruption, cybercrime, waiting periods and sub-limits can all affect how a cyber policy responds. We help you understand the important differences.
Support When an Incident Occurs
Cyber incidents often require a fast response. If something happens, we can help you understand the notification process and connect with the insurer's specialist response services.
Your Questions, Answered
Understanding your insurance options can feel complex. Explore answers to some frequently asked questions about cover, costs and what to expect when arranging insurance with Surety Risk Solutions.
What is cyber insurance?
Cyber insurance is designed to help businesses respond to the financial and operational consequences of certain cyber incidents. Depending on the policy, this can include data breaches, cyber attacks, ransomware, business interruption and the costs of responding to an incident.
What does cyber insurance cover?
Cyber insurance can include incident response costs, forensic investigation, data restoration, business interruption, privacy liability, notification expenses and certain cybercrime losses. Cover differs significantly between policies, so it's important to look beyond the headline limit.
Does cyber insurance cover ransomware attacks?
Many cyber policies provide some protection for ransomware incidents, but the extent of cover and conditions vary. Insurers may also require businesses to maintain particular cybersecurity controls before offering cover.
Can cyber insurance cover business interruption following a cyber incident?
Yes, many cyber policies can cover loss of income resulting from certain insured cyber incidents. Waiting periods, indemnity periods and the way the financial loss is calculated vary between policies.
Does cyber insurance cover data breaches and privacy incidents?
Cyber policies commonly provide cover for certain costs associated with data breaches and privacy incidents. This can include specialist incident response, forensic investigation, legal advice and notification costs, depending on the policy.
What cybersecurity measures do insurers expect businesses to have?
Requirements vary, but insurers increasingly ask about controls such as multi-factor authentication, backups, software updates, endpoint protection, staff training and access controls. The size and complexity of the business will influence what an insurer expects.
How much cyber insurance does my business need?
Consider the potential cost of business interruption, incident response, data restoration, liability claims and other consequences of a serious cyber event. The appropriate limit should reflect your particular business rather than simply selecting a standard amount.
Still have questions?
Every situation is different, and you may need guidance specific to your circumstances. Speak with Surety Risk Solutions for clear, practical answers and help exploring suitable insurance options.
Let's Start the Conversation.
Whether you're a business looking for commercial insurance or an adviser looking to broaden what you offer, the first step is the same. Tell us a little about the situation and we'll put you with the right specialist.