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Get Cyber Insurance Coverage
Cyber Liability Insurance
Did you know that in the UK half of businesses report having had a cyber security breach in the last year? With everything being digital nowadays this opens you up to being a target for a cyber attack. This can happen to any business, big or small, and can occur when you least expect it. But fear not! East Yorkshire Insurance Brokers (EYIB) is here to help sort your cyber liability insurance so if you’re a target of a phishing attack or you experience a data breach, you’ve got the protection to help you recover from this unfortunate but nowadays all-to-common risk.
Trusted by 250+
Local Businesses
Access To Over 300
Insurance Markets
Our Clients Rate
EYIB 4.9/5 Stars
Trusted By 250+ Local Businesses
Access To Over 300 Insurance Markets
Our Clients Rate EYIB 4.9/5 Stars
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What Is Cyber Insurance?
What Is It?
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Why Choose EYIB As Your Cyber Insurance Brokers
Why Choose EYIB
Years of Experience
We’ve been up and running for over 5 years and our MD John has 15+ years in sorting insurance and cyber liability policies.
Trusted by Businesses
More than 250 local businesses trust us with handling their insurance needs, including their business cyber coverage.
Extensive Coverage Options
Our connections to more than 300 insurers for various areas of insurance we advise on means that we can get you the cyber insurance that your business needs.
Years Experience
Local Businesses Insured
Insurers
Our Insurance Partners
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What Cyber Insurance Covers
What’s Included?
Data breach
If you’ve had a data breach; for example your customer’s personal information has been stolen and leaked; cyber liability insurance will cover the cost of the remedial work needed as well as IT support needed to restore everything.
Cost of investigating the breach
When data is lost or stolen during a cyber attack; cyber liability covers the cost of investigating the breach. This is to prevent a breach happening again in the future to further protect your business.
Cost of investigating the breach
Forensics
For businesses that handle more sensitive information stolen like healthcare providers, cyber liability can include coverage for hiring cybersecurity forensic experts. This may include an in depth analysis of the compromised systems and assessing the full extent of the breach.
Business interruption
For companies that operate mainly online like ecommerce stores, if a cyber attack occurs you won’t be able to trade. Business interruption will cover this cost so you’re not losing money if an attack results in your business operations halting.
Business interruption
Ransom demands
Cyber criminals may hold data hostage by encrypting important client files until ransom is paid. Business cyber insurance will provide support in negotiation with these attackers and may cover the cost of paying the ransom.
How Much Does It Cost?
Every business is different and the cost of your cyber liability insurance will vary depending on things like the size of your company and the industry you’re in. To accurately find out how much your cyber liability insurance will be, give us a call at EYIB and we’ll talk you through the cover you need and provide you with a free insurance quote, so you can start to be protected from cybercrime.
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How Much Is Cyber Insurance Coverage?
How Much Does It Cost?
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Do I Need Cyber Liability Insurance?
Do I Need It?
So do you really need cyber liability insurance? With mostly everything going digital, businesses rely on the online storage of information, which yes is convenient, but it makes you more vulnerable to cyber security breaches. If you run an online store where you only operate online and a cyber attacker targets you; you won’t be able to run your business. Cyber liability insurance is therefore a sensible precaution since these attacks can happen to anyone, and without it, the financial repercussions could be devastating.
Example Of How Cyber Insurance Would Work For Cyber Attacks
Emma owns an ecommerce clothing store, and one day hackers target her website and steal her customers’ credit card details. Emma now has to shut down her website while she deals with this data breach which means that she won’t be able to make any sales until the problem is resolved. The legal consequences and the loss of profit could be devastating.
Thankfully though, Emma was prepared and had taken out a cyber liability policy prior to the attack. This covered the cost of a forensic team coming in and identifying the source of the breach as well as retrieving compromised data and securing the website from connected attacks. While she was offline, business interruption cover compensated her for the lost revenue during downtime. These combined meant that Emma’s business remains running and she’s received expert recommendations on how to avoid similar attacks in the future.
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More Cyber Attacks That Cyber Liability Insurance Will Protect You From
Cyber Liability Claim Example
Your law firm has been targeted by phishing scammers who have tricked employees into revealing sensitive client information. Cyber liability insurance will cover the cost of investigating the breach and get your firm back up and running after an attack.
A backdoor trojan (a type of malware) enters your office computer through the ‘backdoor’, takes control and starts deleting files. Cyber liability will cover the cost of hiring cyber security experts and emergency IT services to mitigate the breach to prevent future incidents.
What Our Clients Think
John was amazing—friendly, patient, and full of great advice. He really took the time to understand our charity and made sure we got exactly the right insurance. Highly recommend East Yorkshire Insurance Brokers
Billy Dasein
East Marsh United
Sarah provided excellent service, taking the time to review our sums insured and ensure everything was accurate. She pointed out gaps in our cover we weren’t aware of and explained everything clearly. We feel much more confident now. Highly recommend East Yorkshire Insurance Brokers!
Connor Hewson
Assured Marketing
East Yorkshire Insurance Brokers have looked after our insurance for several years, and we’re always impressed by the great service they provide. They’re professional, reliable, and always find us a competitive deal. Couldn’t ask for better!
Jason Kay
H2MO Limited
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Your Business Cyber Insurance Brokers At EYIB
Your Dedicated Insurance Broker
Introducing John, our MD who is an expert on all things insurance. John alone has experience spanning over 15 years, which makes his knowledge valuable in assessing what cyber insurance your business needs. He’s the one to call if you’re looking to up your business’ level of protection, making sure that you always have the correct level of cover in place. By choosing us you will always be in the know about what it is you need, no complicated jargon on our end.
Our personable touch gives you the confidence that you’re receiving the right cover for your business. Get in touch today and we can sort your cyber insurance!
What’s the most common type of cyber attack?
Phishing is the most common type of cyber attack in the UK. Anyone can experience this type of attack so it’s important that you prepare yourself.
What’s the most common type of cyber attack?
Do small businesses need cyber insurance?
Small businesses are often targeted by cybercriminals. Cyber insurance coverage offers financial protection and support needed.