Cyber Insurance is an increasingly important solution to the growing range of technology-related risks faced by businesses today. It is designed to protect businesses against financial losses resulting from cyber incidents, data breaches, and technology failures. These policies provide cover for risks associated with the use of computer systems, networks and the storage or processing of data. While many businesses have IT and security measures in place, such controls may be insufficient once a system has been compromised or damaged.
Cyber incidents can affect businesses of any size and can occur despite strong security controls, often leading to substantial financial loss, operational disruption, and reputational harm.
The cyber insurance policies we source for our clients are designed to respond to a wide variety of cyber events, including ransomware attacks, malware infections, phishing incidents, unauthorised access, data breaches, system failures, and even human error. As businesses become increasingly dependent on technology, their exposure to cyber threats continues to rise.
Cyber Insurance can cover both first‑party losses, such as business interruption, data recovery expenses, and cyber extortion payments.
In addition, It can provide protection against third‑party liabilities, including claims arising from the loss of confidential or personal information, regulatory investigations, fines, and legal defence costs.
Many policies also offer access to specialist incident response services, such as forensic experts, legal advisers, and PR consultants, and we can advise on insurers offering the most effective support services.
Cyber insurance policies are written on a claims‑made basis and like all insurances contracts, include limits of indemnity, non-insured deductibles or excesses and clauses/endorsements. Policies are typically issued on standard wordings, although sub‑limits may apply to certain cover sections such as ransomware, social engineering, or business interruption.
At EDEN, we recommend that all our clients, whatever their business, consider purchasing cyber insurance. We work with a range of specialist Cyber insurers to ensure your business is protected with the appropriate cover at the most competitive terms available.
A member of our team will be in touch with you to discuss your insurance requirements