Cyber liability insurance
Digital Risks offers fast, effective and commitment free insurance for digital businesses.
Cyber liability cover
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.
From £18.30 per month
Access to specialists
Why cyber liability insurance?
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.
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 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.
Digital Risks make insurance easy!
Arrange your business insurance in minutes, by getting a quote and buying your policy online. No confusing forms or jargon, just plain English and a fast, seamless experience.
Flexibility and growth
Our monthly subscription model gives you ultimate flexibility, with the option to cancel or change your cover at any time. No more annual contracts, it's insurance that grows with your business.
Making a claim
Need to make a claim? With Digital Risks, it's a piece of cake. No outsourcing to third parties or lengthy delays, all claims are handled by our team personally and on a first-name basis.
Other covers to consider
Covers your liability to employees for bodily injury or work-related sickness.
Covers your liability to customers for professional mistakes, errors or omissions in services you provide.
Contents and equipment
Protects your property against theft, loss or damage.
Covers you for negligence in media content and advertising, including website, blogs and social media.
We're rated excellent by our customers
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.
Cyber liability insurance FAQs
What is cyber liability insurance and what does it cover?
Cyber attacks and data breaches are among the biggest risks facing businesses, with two in five micro-small businesses and two thirds of medium-sized businesses hit in the last year. The fall-out from an attack can be seriously damaging, ranging from the loss of sensitive client data, to system downtime, damage to your infrastructure, or fines under the new GDPR. If that happens, cyber insurance will have your back, covering any legal claims, compensation, fines and other associated costs.
Time is of the essence when you’re hit by a cyber attack, which is why cyber cover can also help you to respond quickly and effectively. With Digital Risks’ cyber cover you have access to a first response package, which includes legal, IT forensics and PR support, plus a customer call centre and credit monitoring service, all on hand whenever you need them.
What kind of businesses do you provide cover for?
Is it mandatory to take out cyber liability insurance?
What businesses are at risk of a cyber attack?
How can I prevent a cyber attack?
What is not covered by cyber liability insurance?
What are the levels of this cover and how much will it cost me?
How can I pay for my cover?
How do I get an invoice?
How can I make changes to my cyber liability policy or make a claim?
What excess would I need to pay?
How do I know if my business has been hacked?
What are the main types of cyber attacks to be aware of?
What else do I need?
Why is cybersecurity important?
To prevent your business from being a victim of third-party cyber attacks, there is a number of things you can do. Don't follow the wrong example - get your business covered.
Small business workshops and training providers
While there’s a lot to be said for learning on the job, it certainly helps to have expert advice to fall back on, when starting a small business.
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.
You're in safe hands
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 security with Standard & Poor's A-rated financial strength or higher. This means the insurer 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