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Cyber Insurance
A computer, data and cyber insurance policy all in one; providing comprehensive cover for small and medium-sized businesses.
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Data breaches - the theft, loss or mistaken release of private information - aren’t just a big business problem; small and medium-sized businesses with fewer data security resources are particularly vulnerable.
Whilst data losses for SMEs may not make the headlines, the potential financial cost and reputational impact of a cyber incident can be crippling.
As all businesses could be at risk from a cyber attack or data breach by hackers, viruses or errant employees, having specific insurance coverage in place to mitigate a cyber event can reduce its impact on a business from a financial, reputational and business interruption perspective.
identified cyber security breaches or attacks in the last 12 months *
Our response
HSB Cyber Insurance
A computer, data and cyber insurance policy all in one; providing comprehensive cover for SMEs
Designed to offer protection from cyber risks which could be damaging to a business and its reputation.
Our policy provides six sections of cover
Hardware
Data corruption and extra costs
Cyber crime
Cyber liability
Data-breach expense
Cyber event - loss of business income
Broker/agent trading options
Key considerations for businesses when choosing cyber insurance are whether the policy provides:
- Cover for the costs of dealing with data breaches
- Cover for the costs of dealing with cyber liability claims
- Cover for business losses from a cyber event
- Cover that helps businesses deal with the impact of cyber crime
- Cover for hardware and data corruption
- Access to expert advice and support (e.g. IT, legal, forensic and media relations) when an incident occurs
Delegated authority/reinsurance solutions
We can also provide our partners with innovative, all-encompassing cyber solutions.
If you’re looking to provide specialist cover as part of your commercial or personal lines propositions, contact our Partnerships Team.
Why buy Cyber Insurance from HSB?
- Cover designed specifically for small to medium-sized businesses
- Cover provides protection for a range of first and third party exposures and offers broad cover at a competitive price
- Virus, hacking or denial of service attack is not excluded as an act of terrorism
- Full claims support provided by HSB following an incident
- Cover will pay for professional support (e.g. IT, legal, forensic and media relations) to help businesses who are the victim of cyber crime with the threat of damage to their computer system by virus, hacking or disclosing of data
- Clear and easy to understand policy wording
- Insurer with international experience and expertise in computer and cyber insurance
- Leading specialist provider of engineering and technology insurance and inspection services in the UK and Ireland
- UK-based arm of HSB Group, the equipment breakdown insurance and inspection market leader since 1866
- Part of Munich Re, a world leader in risk solutions, consistent risk management and financial stability
- Financially strong and stable – rated A++ (Superior) by A.M. Best Company
- A member of the Institute of Customer Service, demonstrating our commitment to continually improving customer service performance and professionalism