Why then do only 13% of UK businesses purchase this cover? Please read the Myth Buster document from CFC Underwriting Ltd, which gives the top 6 reasons why a business may decide against purchasing Cyber Insurance and an answer to each. Cyber Myths
SMEs are being targeted by hackers and cyber criminals and attacks have increased with the rise in remote working. The average cost of a Cyber claim for an SME is £35,000 and rising. Please read the following link from CFC Underwriting explaining 5 main reasons SMEs are targeted. Reasons Hackers Target SMEs
How can a Cyber Insurance policy protect your business if you are subject to a cyber-attack? (NB some covers are optional)
You may still feel like your business does not need Cyber cover or are unlikely to face a cyber attack. We would advise reading some claims case studies from CFC Underwriting which detail in real terms the issues and attacks UK Business are facing – CFC Cyber Case Studies
This insurance is not just important for businesses, but all ventures and enterprises including charities, clubs and associations that collect, process and retain critical data of customers, suppliers and third parties.
Here at Citygate, we want to protect your business with a Cyber Insurance policy that has suitable cover at a competitive rate. Please contact your local office today for a quotation or email us at [email protected].