Cover if your business is hacked, held to ransom or loses customer data, including the costs of getting back online and the fines that can follow.
Cover if your business is hacked, held to ransom or loses customer data, including the costs of getting back online and the fines that can follow.
IT recoveryRansomware paymentsBreach notification
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Cyber insurance covers the cost of a cyber attack, data breach or system failure, including getting your systems back online, notifying affected customers, legal costs, and the regulatory fines that can follow a data protection breach.
Most cyber claims don’t come from sophisticated hackers. They come from a staff member clicking a phishing email or a weak password being guessed.
Cyber insurance can include:
IT recovery and system restorationRansomware payments and negotiationData breach notification costsLegal and regulatory defence costsICO fines and penalties (where insurable)Third-party liability for a breach
Public Liability
Covers claims if your business injures a customer or damages their property.
Employers’ Liability
A legal requirement once you employ staff, covering workplace injury claims.
Professional Indemnity
Covers claims that your advice or design was negligent and caused a loss.
Business Contents
Protects equipment, stock and fixtures against fire, theft and damage.
Business Interruption
Helps with lost income if a product recall stops you trading.
The most common cyber incidents UK businesses face
The most common cyber incidents UK businesses face
Most claims don’t start with a sophisticated hacker, they start with something ordinary going wrong.
Most claims don’t start with a sophisticated hacker, they start with something ordinary going wrong.
| Incident | How it usually happens | What it can cost |
|---|---|---|
Phishing & fraud | A staff member clicks a fake email or invoice link | Fraudulent payments and recovery costs |
Ransomware | Malware locks your files and demands payment | Ransom negotiation, IT recovery and lost trading time |
Data breach | Customer or staff data is accessed or lost | Notification costs, legal fees and possible ICO fines |
System failure | A server, supplier or update fails without warning | Lost income and the cost of restoring systems |
Top Tip
A serious UK GDPR breach can mean an ICO fine of up to £17.5 million or 4% of global turnover, whichever is higher, on top of the cost of the incident itself.
What could a cyber incident cost you?
What could a cyber incident cost you?
Cyber costs add up fast: recovery, notification, legal fees and lost trading time, often before you know whether any data was actually taken.
Cyber costs add up fast: recovery, notification, legal fees and lost trading time, often before you know whether any data was actually taken.
Fraud loss
A phishing email tricks staff into sending money to a fraudster.
Typical cost
£5,000-£50,000
Ransomware
Ransomware locks your systems and demands payment to unlock them.
Typical cost
£10,000-£250,000
Data breach
Customer data is exposed and needs reporting and notifying.
Typical cost
£20,000-£500,000+
A serious UK GDPR breach draws regulatory attention and a fine.
Typical cost
Up to £17.5 million
There’s no fixed price for cyber insurance. Your premium depends mainly on how much customer data you hold, your turnover, your existing security measures and your claims history.
Data you hold
More customer records, payment data or health information increases your risk.
Security measures
Multi-factor authentication and staff training can lower your premium.
Turnover
Insurers often price partly on your annual revenue, not just data volume.
Industry sector
Finance, healthcare and retail are rated higher than lower-risk sectors.
Level of cover
Higher limits cost more, but the gap is often smaller than businesses expect.
Claims history
A clean claims record helps keep premiums down at renewal.
How to get cyber insurance
How to get cyber insurance
Getting cyber insurance takes four steps: tell us about your data and systems, choose your cover limit, compare specialist insurers, then get covered, often the same day.
Getting cyber insurance takes four steps: tell us about your data and systems, choose your cover limit, compare specialist insurers, then get covered, often the same day.
Tell us about your data
What you hold, and how much you turn over.
Choose your cover limit
Matched to your data and revenue.
We compare specialist insurers
We search our panel of 20+ UK insurers.
Get covered and protected
Receive your documents, usually the same day.
UK-based specialist advisersAccess to specialist insurersNo obligation, just expert helpTrusted by thousands of businesses across the UK
Trusted by thousands of businesses across the UK
From everyday business insurance to complex specialist cover, our customers trust Insurance Revolution to find the right protection and provide expert support when it matters.
From everyday business insurance to complex specialist cover, our customers trust Insurance Revolution to find the right protection and provide expert support when it matters.
Cyber insurance guides
Cyber insurance guides
Practical advice on cover, data protection and incident response.
Practical advice on cover, data protection and incident response.
Do You Need Cyber Insurance If You Use Cloud Software or Store Customer Data?
In today’s digital-first environment, businesses of all sizes depend on cloud-based systems and store increasing volumes of sensitive customer data. Whether handling online payments, running software-as-a-service (SaaS) platforms, or storing personal records, the risk of a cyber incident is real and growing.
What Does Cyber Insurance Actually Cover? From Data Breach to Hacker Damage
With the increasing reliance on digital systems, cyber insurance has become a critical consideration for UK businesses of all sizes. Whether handling sensitive client data, processing online payments, or managing cloud-based systems, the financial and reputational consequences of a cyber incident can be significant.
Cyber Liability Insurance for Remote Businesses: Home Offices, Freelancers & Virtual Teams
As remote work becomes a permanent fixture for many UK businesses, the risks associated with operating digitally are evolving. From sole traders working from home to fully virtual teams spread across the country, cyber threats can affect operations, reputations, and client trust.
Cyber insurance FAQs
Cyber insurance FAQs
Straight answers on cover, cost, data breaches and fines.
Straight answers on cover, cost, data breaches and fines.
Cyber insurance covers the cost of a cyber attack, data breach or system failure, including IT recovery, notifying affected customers, legal costs and regulatory fines, plus lost income while you’re unable to trade.
Still have questions?
Our advisers are here to help you find the right solution.
