Business Insurance by monthly subscription
- Over 1,000 different business types covered
- Customise cover to meet your needs
- Add, remove or cancel cover at any time
Cyber liability insurance protects you from cybercrimes like ransomware and internal attacks, which have risen exponentially in the last five years. Although businesses have to budget hundreds or thousands of pounds extra for this insurance, that cost can look small compared to recovering from a data breach.
Coverage varies widely between insurance companies for protecting against this rising risk. Your cyber liability insurance may include the following:
Cyber liability insurance could cost your business anywhere from a few hundred to several thousand pounds. A business’s premium stems from its risk of a cybersecurity breach and the expected costs for restoring sensitive information.
The following are some factors that influence your premium:
It’s not just large companies like LinkedIn and Yahoo that should show concern over cyber liability. Claims against smaller companies can be just as devastating. In fact, over 40% of cybercrimes target small businesses, according to the 2019 Verizon Data Breach Investigations Report. Every business should consider the risks of cybercrime and the effects it might have on the company’s operations.
Businesses face many types of cybercrimes with each one increasing in number of attacks each year. Threats to watch out for include the following:
As with any form of business insurance, it is critical that business owners take the time to assess what they actually need to be covered for to avoid paying for expensive extras on their policy they don’t require. Some other key steps to reduce the cost of your cover include the following:
While cyber liability insurance can set your business back a significant amount each year, it also protects against the increasing danger that a cybercrime will happen to your company. Even low claims payouts can total hundreds of thousands, offsetting the cost of insurance completely.
This step-by-step guide reveals what you need to know about launching a gardening business.
Motor trade insurance can be used by a variety of different companies – find out if it’s right for your business and what cover is included.
If you’re a tradesman or tradeswoman, you need to protect yourself against both legal action and injury in the course of your work.
Credit-building company LOQBOX was the target of a cyber attack on 20 February, in which customers’ personal information is likely to have been compromised.
Income protection insurance protects you when you can’t work due to injury or illness. See how to find the best policy here.
If you run a small business and need to borrow money, you may be asked to give a personal guarantee. We’ve looked at how it works and what risks it carries.
Black Friday is a big day for bargains – and cons. Here’s how to shop safely.
Car insurance can be expensive if you’re under 25. Find out how to lower the costs and compare car insurance policies online to find one that works for you
Our guide to cryptocurrencies, explaining how they work, how you can purchase them and what the benefits are.
Compare and find cheap commercial tow truck and vehicle recovery insurance. Learn about the cost of tow truck coverage and what you’ll be covered against.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.