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Cyber Insurance

Cyber insurance covers the losses relating to or from IT systems and networks. It is likely you will rely on an information technology (IT) infrastructure to some degree in your business. If so, you will be exposed to the risks of business interruption, income loss, damage management and repair, and possibly reputational damage if IT equipment or systems fail or are interrupted.

What could happen?

Imagine you lost a lap top on a train or if it was stolen from a vehicle. Perhaps an employee opens the wrong attachment in a spam email, or a disgruntled employee maliciously enters a virus on to your systems. You could be left facing fines, penalties and the costs associated with notifying affected individuals or restoring lost data.

It is estimated that one third of small businesses may suffer a cyber attack from someone outside their business in just a 12 month period. Furthermore, the average cost of a major security breach is understood to be between £65,000 and £115,000 and can result in a business being put out of action for up to 10 days, according to government estimates.

How we can help?

There is an increasing range of insurance solutions available to help protect you if the worst should happen. Cyber insurance can cover loss or damage to digital assets or software programmes as the result of a cyber crime. It can also protect your business against electronic theft, costs associated with security or privacy breaches or loss of third party data that your business may hold.

Cover is available subject to underwriters’ acceptance of risk. Premiums and terms are dependent on your circumstances.





Why customers choose Marlow Gardner & Cooke

We’re not a call centre, we don’t have call queues You talk to the same people; you know them, they know you We listen but also ask lots of questions; we tailor your solution around you We take ownership of problems and respond with solutions You can be confident your insurance has been set up correctly You can meet us face to face at our office or on site Our service includes risk management advice and claims support

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