Phone icon
Menu icon
Professional insurance
with a personal touch
We're open as usual
0345 561 0320
Mon-Fri, 9am-5pm, local rate & mobile friendly

Cyber insurance

Does your business use email?
Does your business have a website?
Does your business store customer data electronically?

Answer 'yes' to any of these questions and you're a cybercrime target. Now's the time to protect your business with cyber insurance.

Quote online in less than 2 minutes

Cover that won’t hack you off

Cyber insurance covers the cost of repairing and restoring your systems, data and website following a breach or a hack. It also covers the legal costs involved in giving regulators and customers the bad news, as well as paying legal fees and compensation if you’re sued for losing personal data.

If you need it, it’ll pay for temporary equipment and income you lose if a cyber-attack stops you trading, too.

You get business as usual. And all without a helpdesk in sight.

Cyber insurance
from £17 a month

Includes:
£100,000 to cover hacks, data breaches, system repairs and lost income.
£50,000 to cover financial crime and social engineering.

  • Get the knowledge: GCHQ-certified cyber training for you and your team
  • Get the support: 24-hour access to IT, legal and PR experts
  • Get the best: unmatched 100% rating in The Insurance Times Cyber Product Reports 2018
Based on an annual income of up to £50,000. All prices include IPT at 12%.
Quote online for turnovers up to £10,000,000, or call and talk to an expert.

Who's cyber insurance for?

Businesses
Businesses
Freelancers
Freelancers
Charities
Charities

What does cyber insurance cover?

Data breaches
Data breaches
Security failures
Security failures
Human error
Human error
Financial crime
Financial crime
Property damage
Property damage
Business disruption
Business disruption
One click, all the protection

Keeping up with cybercrime takes time and effort. Hiscox’s CyberClear policy covers both known and unknown threats by adapting and updating as things change. It’s an easy way to avoid the fallout of digital attacks now and in the future.

Here's how it helps:

Why do I need cyber insurance?

Does your business use email?

Does your business have a website?

Does your business store customer data electronically?

If you’ve answered ‘yes’ to any one of these questions, you’re a target for cybercriminals.

That might sound alarmist but the figures speak for themselves: in 2016, half of all UK businesses suffered a cybersecurity incident, with the average cost of an attack for smaller businesses somewhere between £5,000-£20,000. Yikes.

Cyber insurance won’t stop a cyber-attack. But it will give you the priceless practical and financial support you need if you’re the victim of one.

What does cyber insurance cover?

Cyber insurance covers the time and money you have to spend dealing with a cyber-attack. It also covers the costs of putting your business back together following a hack or data breach.

Included in this is cover for cyber extortion, where a cybercriminal cripples your business with ‘ransomware’ and demands payment to release your systems or website. Your insurance pays the ransom and brings in a specialist consultant to manage the situation for you.

Specifically, cyber insurance covers:

  • The costs of investigating a cyber-attack
  • The costs of repairing, restoring and replacing your website, networks and data
  • Your lost income if a cyber-attack stops you trading
  • Your legal fees involved in disclosing a breach to the ICO
  • The costs of telling your customers
  • Your legal fees and compensation costs if you’re sued for losing individuals’ private data
  • The PR costs of managing your reputation and dealing with the fallout

Without cyber insurance, these are all things your business will have to pay for. Insurers call these direct losses ‘first-party’ costs. That’s actually a good thing because, unlike professional indemnity insurance, cyber insurance policies don’t depend on your customers’ losses (‘third-party’ costs) for your cover to kick in.

How much cyber insurance do I need?

That depends, to some extent, on how much IT infrastructure you have. More hardware means more to repair or replace. More software means more data to restore.

You need to take into account the way you do business. Can you still trade without a website or access to other systems? Can you survive without email? Do you take payments online? Do you hold particularly sensitive customer data or images? What will be the consequences for both you and your customers if you’re hacked or held to ransom?

And don’t forget the legal costs. Informing regulators and customers you’ve been hacked costs as much as a solicitor charges you – and we all know how cheap they are.

Whatever conclusion you come to, you can guarantee a cyber-attack will cost you money. And because exactly how much money is very difficult to quantify (because every attack is different), you’re well advised to go for as much as you can possibly afford.

What else do I need?

Public liability insurance is for when you go out and about on business, or have visitors to your studio. It’s for claims of physical damage to property and people. Useful if you’re clumsy.

Employers’ liability insurance covers your business if an employee sues it for damages. Claims are usually because they’ve suffered injuries and illnesses as a consequence of working for you. It’s a legal requirement for UK businesses with employees.

Office and property insurance covers the things in your studio (furniture, plants, fixed IT equipment etc) and portable insurance covers gadgets and technical equipment away from the studio (laptops, tablets, projectors etc). If you’re not sure it’s worth insuring, add it all up – it’s probably worth more than you think.

Business interruption insurance means you can still work when your studio’s out of action. Be it flood, fire or flea infestation, you’re covered for the costs of setting up elsewhere and for any lost revenue in that time.

Directors’ and officers’ insurance covers your company bosses. Anyone from regulators to shareholders to competitors can accuse you of not running a business with due care. Worse, directors are personally liable for their actions. The good thing is this insurance covers your defence costs and any compensation you have to pay. So you can put away your chequebook.

Why should I buy my insurance from you?

Glad you asked.

The simple answer is: we know what we’re doing. Professional insurance is all we do so we know what you need, even if you don’t.

We also know that buying insurance can be, well, a bit of a pain. So we make sure getting yours is quick and hassle-free.

We do all that while treating you like a human being, too. You won’t find a call centre here. Or a phone menu. And we’ve banned nonsense insurance jargon.

Anything else? Well, there’s the great stuff you get, such as 20% off everything at MOO. We have an ‘I’m insured!’ badge for your website too – perfect for the professional professional.

Also, we’ll give you money each time you recommend us.

If you’re after a second opinion, have a look at our customers’ feedback. They’re the ones you should really listen to.

Get more cyber knowledge
Cyber security definitions: what means what

Cyber security definitions: what means what

A glossary of cyber security terms from PolicyBee - your guide to understanding the terminology of cybercrime.

How to fight cybercrime

How to fight cybercrime

If the words ‘digital risk’ don’t mean much to you, now might be a good time to prepare. Because cybercrime is on the increase. Here's how to fight it.

Working from home cyber risk

How coronavirus and remote working put businesses at higher risk of cybercrime

One man’s misfortune is another man’s gain, as the saying goes. And that’s the case even as the coronavirus pandemic rages across the planet - because cybercriminals will stop at nothing it seems.

Who needs cyber insurance?

Who needs cyber insurance?

Find out if you need cyber insurance. Spoiler alert: to be honest, you probably do.

Cyber insurance explained

Cyber insurance explained

In the 21st century, cybercrime is the biggest threat to your business. Cyber insurance is the ace up your sleeve.

GDPR: what does the transition from the Data Protection Act to the General Data Protection Regulation mean for my SME?

GDPR: what does the transition from the Data Protection Act to the General Data Protection Regulation mean for my SME?

We look at the General Data Protection Regulation replacing the Data Protection Act in May 2018, and what it means for your business. A lot, basically.

What our customers say...
Good customer service from Zoe. For a small charity it was important we got value for money, so being able to exclude elements of the policy we simply don’t need was important. A competitive price too, reduced our insurance premium by about 20%.
Charity/not-for-profit organisation
3 December 2020
Everything was clear, straightforward and worked.
Business and management consultancy
3 December 2020
Competitive quote and simple policy document. Can not comment on how well they perform if you need to action a PI insurance claim.
Architect
2 December 2020

Prefer to talk?

Call us and a real person answers. No call centre, no phone menu, no scripts. Just friendly, helpful advice from a business insurance professional.

We're here Monday to Friday, 9 to 5.
0345 561 0320
Sarah Adams
Sales Team Leader