United Kingdom
In a modern connected world, there is no business too small to be targeted. Cyber threats are on the rise and may be in the form of ransomware attacks and information breaches. It can be devastatingly expensive, lost time, negative publicity and unforeseen costs that may place even the most well-planned organisation on its knees.
That is why Cyber Insurance is not only a good decision, but a necessity. You may be a start-up, established business, or an online retailer expanding, but whatever your situation, Clarity Compare will connect you with bespoke cover to defend against online threats to your business.
In Clarity Compare, we understand that each business has a different footprint online. When you store customer data, sell online, or use remote workers, we will assist you in comparing policies that are designed to keep up with the manner in which you operate.
And the perquisites do not end there. Several of our providers also offer member-only rewards and discounts - helping you save money without risking your company.
Cyber insurance is created to protect your business against the financial and reputational consequences of a cybercrime. In the event your systems are hacked, stolen, or hit by ransomware, cyber insurance assists in the expenses of responding, recovering, and protecting your clients.
It usually has both the first-party/defending your business directly, and the third-party/defending you against claims of others.
First-party cover - protecting your business directly:
Whether you are storing customer information, accepting payments via the internet, or using digital tools, cyber insurance would help your business recover quickly whenever digital attacks occur.
Yes, hackers are always perceived to target small and medium-sized businesses because these are considered easier to target. Cyber insurance will enable you to rebound faster and prevent the expensive time-lapse.
Regulatory fines are not included in most policies, but they might include legal defence costs and claims of compensation following a breach.
No, the insurance policies do not typically cover cyber-related cases. Cyber cover is to be taken as an independent purchase.
True, a lot of policies cover ransom demands, investigation expenses and reinstating affected systems.
Prices are different based on the size of your business, industry and the degree of digital risk. Clarity Compare can be a useful entry-level cover that is affordable to small businesses.