Cyber Liability
Cover for digital threats & emerging cyber risks
Stay ahead of cyber risks and protect your business.
Get a Quote Today
What is Cyber Liability cover?
Cyber Liability insurance helps protect your business from the financial and operational impact of cyber incidents, such as data breaches or ransomware attacks. As more businesses use technology and store critical information online, facing cyber risks is now a part of doing business.
A cyber incident can seriously disrupt your business and may take time, money, and expert help to fix. Cyber Liability insurance connects you with these experts and covers the associated costs, so your business can recover quickly and safely.
This insurance can help protect your business from many types of cyber risks, including:
- Accidental privacy breaches
- Business interruption following a cyber event
- Hacking, extortion, and ransomware
- Lost income and data restoration
- Denial-of-Service (DoS) attacks
- Cybercrime and fraudulent transfers
Why do you need it?
Technology has transformed the way we work, shop, communicate, and store information, but it has also created new risks. Most cyber incidents are not targeted attacks aimed at specific businesses, but large-scale attempts to compromise as many systems and people as possible.
Common techniques include:
- Phishing: mass emails that attempt to steal sensitive information or lure users to fake websites.
- Water Holing: creating or compromising legitimate websites to exploit visitors.
- Ransomware: malware that encrypts files or systems and demands payment for release.
- Scanning: automated attacks targeting random IP ranges across the internet.
Even with strong cybersecurity measures, no organisation is immune. Cyber Liability insurance supports you when preventative controls are bypassed, providing financial protection, specialist technical support, and reassurance at a critical time.
What does it cover?
Our team negotiates cyber policies individually, ensuring you receive cover that aligns with your technology, data handling, and risk profile.
Key areas of protection include:
- Incident Response: immediate access to cybersecurity professionals, including IT forensics, legal advisors, and crisis management specialists. Covers notification costs, investigation expenses, and expert guidance throughout the incident.
- System Damage: protection for the cost of repairing, restoring, or replacing systems, data, and applications damaged during a cyberattack, helping your business return to normal operations quickly.
- Cyber Extortion: cover for ransomware and other extortion attempts, including negotiation services and expenses arising from threats to release or destroy data.
- Cyber Crime: protection against financial loss caused by unauthorised access, fraudulent transfers, or social engineering where attackers impersonate trusted individuals.
Most cyber incidents result in direct financial loss to the business, rather than claims from third parties. In fact, fewer than 5% of cyber claims involve third-party legal action, highlighting the importance of robust first-party protection.
Have something particular in mind?
Please get in touch today if you’re looking for something more specialist, and our expert team will be able to help.
Insurance that reacts quickly when needed
Our dedicated account handlers provide fast, expert support, delivering coverage that responds immediately to incidents and minimises business disruption.
Speak to our TeamLloyd’s of London Broker
We are the only Lloyd’s of London broker solely dedicated to UK moving, self-storage and international relocation industries.
See more about Lloyd's of LondonNews & Insights
