Can insurance help my startup from a cyber-attack?

Written by
Ben Rose

Updated 31st May 2016

As the new Startup Surgery Insurance Doctor at Tech City News, our Insurance Director Ben Rose was asked:

"As a fast-growing tech startup, we're holding an increasing amount of customer and employee data. Can insurance help us in the case of a data breach or cyber-attack?"

Ben's advice is that digital businesses are prime candidates for cyber-attacks. According to the latest Government Security Breaches Survey, a third of small organisations were affected in 2015.

Ben explains that a data breach can have serious repercussions both the business and it's clients, including reputational damage as well as legal fees and compensation claims.

Before investing in cyber cover, bear in mind that policies vary significantly, so be sure to seek cover from a cyber insurance specialist to make sure it meets your requirements.

Read the full article at UKTN - Startup Surgery.

Find out more about our cyber liability insurance here.

As mentioned in

Can insurance help my startup in the case of a data breach or cyber-attack?


Share this article

Related Posts

19th June 2019
1  minute read

The biggest cybersecurity threats of 2019

As cyber-crime becomes more common-place, all businesses – even small ones – need to be prepared.

23rd May 2019
1  minute read

Why is cybersecurity important?

Investing in cybersecurity technology, processes and training is vital for a small business. Here's why.

15th May 2019
1  minute read

25 cybersecurity resources you need to see

Here are 25 of the best cybersecurity resources out there to stay up to date with the rapidly growing area.