Cyber Liability Insurance
A cyber attack or data breach can halt your business overnight. Cyber liability insurance helps you respond, recover and meet your legal obligations without bearing the full cost alone.
Get in touchWhat is cyber liability insurance?
Cyber liability insurance covers your business against the financial consequences of cyber incidents, including data breaches, ransomware attacks, hacking and accidental data loss. It pays for incident response costs, legal fees, regulatory fines and compensation to affected individuals.
The cost of a cyber incident extends well beyond the immediate technical fix. You may face regulatory investigations, the cost of notifying affected customers, credit monitoring services, reputational damage and lost revenue while your systems are down. For many businesses, these costs can quickly reach tens or hundreds of thousands of pounds.
With UK data protection regulations requiring businesses to report certain breaches to the Information Commissioner's Office within 72 hours, having a cyber policy in place gives you immediate access to specialist support when time is critical.
What is covered
- Data breach response and notification costs
- Ransomware and cyber extortion
- Regulatory defence and fines
- Business interruption from a cyber event
What is not covered
- Loss from unencrypted devices left unsecured
Some policies exclude breaches caused by failure to follow basic security practices
- Prior known breaches
Incidents you were aware of before the policy started are not covered
Who needs cyber liability insurance?
Any business holding customer data
If you store personal data, payment details or sensitive client information, you are a target
IT and technology companies
Software firms, MSPs and tech consultancies with access to client systems and data
Professional services firms
Accountants, solicitors and consultants handling confidential client information
E-commerce and online businesses
Retailers processing online payments and holding customer accounts
Healthcare providers
Any practice or provider storing patient records and sensitive health data
WHY CECIL
Built differently.
UK specialists
Leading UK insurers only. No American-style policies retrofitted for British businesses.
Straightforward process
Tell us about your business. We find the options. You choose. No lengthy forms, no automated runaround.
Cover that actually fits
Cover that fits how your business operates, not a generic category. Tell us what you do and get the options that actually match.
Here when it matters
When something goes wrong, you need your insurer to respond. Only insurers rated for their claims handling.
Common questions about cyber liability insurance
Do small businesses need cyber insurance?
Yes. Small businesses are increasingly targeted by cyber criminals precisely because they tend to have weaker defences. A data breach or ransomware attack can be proportionally more damaging to a small business than to a large corporation. If your business stores customer data, takes online payments or relies on IT systems, cyber insurance is well worth considering.
Does cyber insurance cover ransomware attacks?
Most cyber liability policies cover ransomware attacks, including the cost of specialist negotiation support, system restoration and business interruption while your systems are down. Some policies also cover ransom payments themselves, although this varies between insurers and is subject to legal restrictions.
Is cyber insurance a legal requirement in the UK?
Cyber insurance is not a legal requirement in the UK. However, UK data protection law requires businesses to protect personal data and report certain breaches within 72 hours. Having cyber insurance in place ensures you have the resources and specialist support to comply with these obligations promptly.
Industries that need this cover
Cyber Liability Insurance is commonly required across these sectors.
Interested in Cyber Liability Insurance?
We will be in contact when Cecil launches.