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.
How can Digital Risks help?
Fine and compliance
The GDPR puts a greater onus on businesses to keep customer data secure, while introducing more serious penalties for non-compliance. From 25th May 2018, any business that fails to follow the new rules will face fines of up to €20m, or 4% of annual turnover – whichever is higher. If that happens, our cyber security cover will cover any defence costs and penalties - where legally insurable.
Protecting your reputation
Cyber-attacks and data breaches are big news, and the GDPR will increase the spotlight on those affected. How you handle your PR following a breach can make or break your reputation. That's why with Digital Risks' cover, you'll have access to PR expertise to guide you through the process and ensure your image remains intact. But, if you do suffer any reputational damage, you'll be covered for resultant lost income over a period of up to 90 days.
Cyber and data specialists
Unlike generic business insurers, we specialise in covering the new and emerging risks faced by innovative digital businesses. That means our products are built around today's cyber and data threats and perfectly aligned with the GDPR. We even have our own in-house GDPR specialist, who is on hand to answer your data questions.
A fast response
Sometimes it's impossible to avoid a breach, which is why an effective response plan is non-negotiable. Having a response plan is also a legal requirement under the GDPR. Being prepared means you'll recover from a breach more quickly, with minimum impact to your business and customers. And with our cover, everything is taken care of, including a direct point of contact on our team and access to legal, IT forensics and PR support.
Data insurance FAQs
- How much cover do I need?
- Can I change my cover or add policies? What to do if I have multiple business activities?
- How do I know what my policy covers?
- How do I cancel my policy?
- How long is a quote valid for?
- Is business insurance tax deductible?
- What do I do if my business type isn't on the list?
- Will I be covered straight away?
Other covers to consider
Employers liability insurance
Covers your liability to employees for bodily injury or work-related sickness.
Covers your liability for failing to protect data, as well as penalties for not complying with data protection law.
Contents and equipment insurance
Protects your property against theft, loss or damage.
Covers you for negligence in media content and advertising, including website, blogs and social media.
Professional indemnity insurance
Covers your liability to customers for professional mistakes, errors or omissions in services you provide.
Cyber security risk management framework
To effectively protect your business from cyber-attacks and data breaches, you must first identify the biggest threats and vulnerabilities you face.
Fintech startups to watch in 2019
Here’re our top 6 hottest Fintech startups that Digital Risks are tipping to thrive in 2019. We’ve taken a look at Truelayer, Monese, PensionBee, Akoni, Tail and the Craft Gin Club.
Going global: what to think about when expanding abroad
With UK customers happy to shop beyond our shores, it follows that UK businesses must also look further afield to expand their reach and growth potential. And in the digital age it’s easier than ever, with much lower barriers and overheads involved. So, where do you start?
Excellent value at an affordable monthly cost. I have not needed use the services. But its good to know I have the insurance there to allow me to get on with my work.
James, J. Black Photography
Flexible. simple, easy, immediate. As a busy freelancer I need flexibility to potentially change the policy month by month - very handy and a feature I didn't find with other providers.
Tim, Graphic Design Freelancer
Excellent service, and really lovely people. Completely understanding of small or start up businesses, and a willingness/ability to be flexible. I'm very happy.
Lorna, Magic Penny Gifts
A super slick interface and all around great experience. Thumbs up Digital Risks! Having spoken to a number of "large" insurers, the pricing I received from Digital Risks was much more competitively priced for "like for like" cover. Highly recommended.
Authorised by the FCA
The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.
A-rated financial strength
Our insurance products are underwritten by Standard & Poor’s A-rated financial strength or higher. This means the underwriter has been independently assessed by the world’s leading credit rating provider and found to have a strong capacity to meet financial commitments (pay claims).
Protected by the FSCS
If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at www.fscs.org.uk