Cyber Insurance
- David Roberts
- 1 day ago
- 1 min read
As businesses across the UK accelerate digital transformation, cyber insurance has emerged as a critical component of risk management. With cyberattacks becoming more frequent and sophisticated, the UK cyber insurance market is experiencing rapid growth, driven by regulatory pressures, heightened awareness, and the financial impact of data breaches.
Cyber insurance policies typically provide comprehensive protection, including:
• Cyber incident response costs
• Cybercrime
• System damage and business interruption
• Network security and privacy liability
• Media liability
• Technology errors and omissions
• Court attendance costs
Why It Matters
Cyber insurance is a strategic necessity and it acts as a financial safety net, helping businesses recover quickly from incidents while meeting legal obligations. As threats evolve, proactive risk management combined with robust insurance will be key to safeguarding digital assets and maintaining trust.
Over the past few years, insurers have enhanced their products to provider greater protection, including embedded risk management tools, and incentives for businesses adopting cybersecurity frameworks like Cyber Essentials and ISO 27001.
To read more about Cyber Insurance, please download the case documents from CFC Underwriting.
If you would like to discuss cyber insurance in more detail please do not hesitate to get in touch.
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