Cyber insurance covers the losses relating to damage to, or loss of information from, IT systems and networks. Policies generally include significant assistance with and management of the incident itself, which can be essential when faced with reputational damage or regulatory enforcement.
Generally cyber risks fall into first party, (your own business assets) and third party risks, (the assets of others).
Our team at THBUK Risk Solutions understand the exposures to assist you through the minefield of policies available to your clients. Our bespoke products are designed for clients of all sizes to support you when it really matters.
Cyber Choice provides A-rated coverage for your larger clients cyber needs. Competitive premiums combined with a broad wording making this a perfect product for the more complex accounts.
As well as putting adequate insurance in place, it is important for you to manage your own cyber risks as a business. This includes:
In 2014 the Government launched Cyber Essentials – a basic cyber security hygiene standard to help organisations protect themselves against common cyber attacks.
Considering Cyber Essentials accreditation is a good first step in becoming cyber resilient.
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