Cyber insurance experts
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SubscribeWho needs Cyber insurance?
All organisations, from large corporations and multinationals to professional services providers and SMEs, rely on technology and data storage to operate efficiently and securely.
If your business captures or retains data belonging to customers, suppliers or employees, you should give serious consideration to having Cyber insurance as part of a broader cybersecurity risk management programme. This includes personal address details, mobile phone numbers, taking payments online or holding bank details or email addresses.
Having the right Cyber insurance in place should be a critical component of your plan to ensure your business is protected should the worst happen, particularly if your revenue is directly dependent upon the operational technology of your business.
Why choose Griffiths & Armour?
At Griffiths & Armour we do insurance broking differently. Our specialist Cyber Risks Team are specialists in our clients’ diverse and complex cybersecurity needs across the UK and internationally.
This enables us to deliver highly competitive and tailored cyber risk and insurance programmes to meet your requirements, no matter how complex.
Cyber threats come in many forms, from malware and theft of intellectual property to ransomware or targeted phishing scams. Cyber criminals seek every opportunity to exploit your digital vulnerabilities, through genuine human error or a targeted attack from outside your organisation.
We go beyond insurance, providing access to industry-recognised risk management guidance and advice. We will work closely with you to mitigate your risks and educate your employees on the dangers. Should the worst happen, you can be reassured the right insurance cover is in place to address the problem and minimise disruption. It’s this unique and personal approach which makes Griffiths & Armour truly different.
Cyber risk management
In today’s digital age, cyber threats are an ever-present risk to organisations. A cyber attack can cause devastating financial and operational damage if the right protections aren’t in place. In this video, we discuss the key factors insurers consider high-risk, the essential security measures every business should implement, and how to strategically approach Cyber insurance to secure the best coverage and premium.
FAQs
Cyber insurance, also known as Cyber Liability insurance, is a type of insurance designed to help organisations mitigate the financial risks associated with cyber attacks and data breaches. It provides coverage for a variety of expenses that may arise due to cyber incidents.
Generally speaking, a Cyber insurance policy covers both first party losses (your own) and third-party liabilities relating to the loss of information or damage to networks and IT systems. A Cyber policy can provide financial assistance and management of the potential loss following a cyber-attack covering various costs such as the restoration of computer systems, loss of profit as well as defence costs and damages you may be legally liable for to third parties.
Griffiths & Armour can conduct Cyber insurance assessments to aid the understanding of cyber risk exposure to inform the insurance risk transfer strategy. Further cyber risk and cyber incident response guidance supplemented by template policies and plan documentation plus e-learning is available via RMworks, our bespoke risk management platform.
Beyond Protection
Beyond Protection is our end-to-end support designed to empower your business at every stage.
Our team gives you the tools to increase resilience and create peace of mind, no matter the challenge.
