Despite this many SME’s do not carry cyber insurance for their business. In fact many businesses do not know that cyber insurance exists and what it can potentially cover their business against.
Most small business owners are so focused on the running of their business that thinking about any type of insurance is the last thing on their mind. Cyber insurance is a relatively new insurance policy and the benefits cannot be clearly seen in the same way that insuring your office contents or shop stock can be.
No doubt you have seen the recent news articles about the likes of Talk Talk and Sony who have suffered at the hands of hackers. If companies such as these cannot fully protect themselves against cyber criminals then SME’s have very little chance.
Do I Need Cyber Insurance?
- Do you hold customer details?
- Computer systems?
- Do you have an online Store or website?
If you can answer yes to any of the above then you and your business should carry cyber protection insurance. With a range of different cyber insurance products now available we can help you find the policy that is right for you and your business.
Cyber Insurance: What risks can you be protected against?
- Data Protection Breach Costs
- Cyber Business Interruption
- Hacker Damage
- Cyber Extortion
- Privacy Protection
- Media Liability
Every business is different and therefore the insurers and policies we use can build the policy benefits around your individual business requirements. As with all professional insurance products there is no “one size fits all”. If you would like to find out how a cyber insurance policy from Mitchel Lee insurance can help your business then give us a call on 0121 667 3005.