Cyber liability insurance

Comprehensive cyber security insurance for digital businesses

Data is a big thing...

It's taking over the world!

More data was created in the last two years than in the whole of the history of humanity. That's pretty crazy, right?

The sheer volume of data, combined with more sophisticated cyber attacks, mean data breaches are becoming more frequent and sensitive information is ending up in the wrong hands.

Cyber and data risks insurance is designed to support and protect your business if it experiences a data breach or is the subject of an attack by a malicious hacker that affects its computer systems.

Digital Risks have designed specialist cover for the specific threats that digital businesses like yours face.

Cyber Liability Insurance

from £7.90

/month 1


  • Pay by the month
  • Change your cover anytime
  • Access to specialists
  • Copyright breaches

1 Includes insurance premium tax

Why do you need Cyber Liability Insurance?

Cyber threats

Cyber-attacks and data breaches are on the rise and digital businesses are prime candidates.

One click on the wrong email and you could face legal fees, compensation claims and financial losses due to system downtime and reputational damage.

If that happens, cyber liability insurance will pick up the bill.

GDPR legislation

In May 2018, the General Data Protection Regulations (GDPR) came in to force, with more requirements for safeguarding customer data.

Fines for non-compliance also increased to up to €20m or 4% of annual turnover – whichever is higher.

Our Cyber Liability policy covers notification costs, legal fees as well as civil penalties.

A fast response

An effective response plan means you'll recover from a breach more quickly, with minimum impact to your business and customers.

Our Cyber Security cover gives you access to a first response package, with legal, IT forensics and PR support. Having a response in place is a requirement under the GDPR.

Who needs cyber liability insurance?

Few businesses can get by today without some form of technology, whether it's a website, data servers or basic online software. Even with a small IT footprint, cyber-attacks can still be a risk.

Cyber Liability Insurance Guide

Define cyber liability insurance

Botnets. Ransomware. Social engineering. These are the biggest cyber threats facing small businesses today.

Cyber-attacks and data breaches can wreak havoc for your operations, causing financial and intellectual property losses, legal claims, fines and reputational damage.

So, if your business depends on technology and digital channels, you'd better be prepared.

Cyber liability insurance provides specialist protection, covering you for breach of regulations, such as the GDPR (where insurable by law), your liability for handling data, as well as extortion and system rectification costs.

Plus, with Digital Risks, you'll even be covered for PR expenses, business interruption, credit monitoring services and financial loss due to system downtime.

What are the cyber risks

Barely a week goes by without news of another cyber-attack or data breach, and small businesses are among the most vulnerable.

Research shows that 45% of small firms were hit by a cyber-attack last year - double the number hit the year before. And with costs reaching between £65,000 and £115,000, many find it difficult to recover.

The onus is increasingly being put on businesses to protect their systems and customer data, driven by the introduction of the GDPR in May 2018. With penalties rising to €20m or 4% of turnover (whichever is higher), data privacy and cyber security are no longer optional extras.

Things you can do

Cyber security is a complex issue that calls for a multi-faceted approach. A good place to start is with a risk assessment, to understand what data you hold and where your biggest vulnerabilities are. You can then ensure your efforts are focused on the highest priority areas in terms of security, processes, employee training and communications, all of which play a vital role in keeping your systems safe.

With the GDPR now in force, you'd also be wise to familiarise yourself with your new obligations around collecting and storing customer data, to avoid getting hit with a hefty fine.

For lots more tips and advice, have a read of our blogs on everything you need to know about the GDPR and your ultimate guide to cyber security.

Things to watch out for

As Cyber Liability Insurance focuses on the technical aspects of what you do, it helps to work with a specialist provider who has an in-depth understanding of what you do and what's required.

Bear in mind that Cyber Liability and Professional Indemnity covers are very closely linked, so you may choose to buy a combined policy, but make sure you ask your insurer how they work together.

On buying cyber insurance you'll be asked to disclose the type of data you hold, particularly if you're dealing with financial details.

Finally, always inform your insurer if anything changes in your business as this can affect the validity of your policy.

Award-Winning Insurance

We're the British Insurance Awards 2018 Insurance Start-up Winner - recognised for our innovative range of covers, online customer experience and flexible subscription model, which make buying and managing insurance easy and accessible for businesses in the digital industries.

But don't just take our word for it. Leading digital companies, large and small, choose Digital Risks to protect their people and businesses.

   Other insurance providers didn't really understand start-ups. We were looking for a tailored approach to suit our business needs and were recommended to Digital Risks!

CEO & Founder



Excellent 9.4 out of 10