Cyber

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.

  • THBUK RISK SOLUTIONS CYBER CHOICE

    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.

    • Limits up to £10M
    • Standard wording includes extortion, media liability, telecommunications phreaking and social engineering fraud
  • MANAGING CYBER RISKS

    As well as putting adequate insurance in place, it is important for you to manage your own cyber risks as a business. This includes:

    • Evaluating first and third party risks associated with the IT systems and networks in your business
    • Assessing the potential events that could cause first or third party risks to materialise
    • Analysing the controls that are currently in place and whether they need further improvement

    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. Our CyberAid+ provides access and discounts to becoming Cyber Essentials accredited.

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