Cyber Insurance

An important part of your business protection journey.



Insurance designed to cover any losses relating to damage to, or loss of information from IT systems and networks, due to a cyber-attack.

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We understand cyber insurance

No matter how small or large your business is, we are all at risk of cyber-attacks.

Without cyber insurance, a business leaves itself exposed to a wide range of cyber security and data protection risks, with potentially severe operational and financial consequences. In the event of a cyber-attack, ransomware incident, or data breach, organisations can face significant and often unexpected costs. These may include legal and regulatory fees, GDPR fines, data recovery and system restoration expenses, business interruption losses, and the cost of crisis management and public relations support. In many cases, these combined costs can quickly escalate into the millions.

In today’s rapidly evolving digital landscape, cyber threats are becoming more frequent and increasingly sophisticated. Without the protection of a comprehensive cyber insurance policy, businesses remain vulnerable to attacks that can disrupt operations, damage reputation, and threaten long-term viability. Cyber insurance provides essential financial protection and expert support, helping businesses respond quickly, recover effectively, and remain resilient in the face of unexpected cyber incidents.

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"As technology evolves, so do our cyber security risks"

FREQUENTLY ASKED QUESTIONS

  • What is cyber insurance?

    Cyber insurance is designed to protect businesses against financial losses and operational disruption caused by cyber-attacks, data breaches, ransomware, and other cyber security incidents. 


    It provides both financial protection and access to expert support following a cyber event.

  • Who needs cyber insurance?

    Any business that:

    • Stores or processes personal or customer data
    • Uses computer systems, networks, or cloud services
    • Accepts online payments
    • Relies on IT systems to operate

    Cyber insurance is relevant to small businesses, SMEs, and large organisations across all sectors.

  • What does cyber insurance typically cover?

    Cyber insurance policies can be tailored but commonly include cover for:

    • Data breaches and loss of confidential information
    • Ransomware and cyber extortion
    • Legal and regulatory defence costs
    • GDPR fines and penalties (where insurable)
    • Data recovery and system restoration
    • Business interruption following a cyber incident
    • Crisis management and public relations support

  • Does cyber insurance cover ransomware attacks?

    Yes, most cyber insurance policies provide cover for ransomware attacks, including extortion payments (where legally permitted), negotiation support, data recovery, and system restoration costs.

  • Is cyber insurance a legal requirement in the UK?

    Cyber insurance is not legally required, but businesses are legally required to protect personal data under GDPR. Cyber insurance helps businesses meet these obligations by providing financial protection and specialist support if a breach occurs.

  • What happens if my business suffers a data breach?

    With cyber insurance in place, you gain valuable access to specialist support, including:

    • IT forensic experts
    • Legal advisors
    • Breach response teams
    • PR and reputation management specialists

    This helps limit damage, reduce downtime, and manage regulatory requirements.

  • How much does cyber insurance cost?

    The cost of cyber insurance depends on factors such as:

    • Business size and turnover
    • Type and volume of data held
    • Industry sector
    • Existing cyber security measures
    • Claims history

    Pangea Insurance Brokers can help find competitive cover tailored to your risk profile.

  • Does cyber insurance replace cyber security?

    No. Cyber insurance complements cyber security measures but does not replace them. Insurers typically require businesses to have basic cyber security controls in place, such as firewalls, antivirus software, and regular data backups.

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Customers

We are 100% client focused, and believe in long-term relationships with our customers. We will be there to assist, every year, to take away those insurance worries.

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Quality

Our team of fully qualified advisors bring over a century of insurance experience with them, as well as a wealth of knowledge and expertise.

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Trust

We have full access to all the major insurers that you would expect, covering a range of services and products.

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Personal

We are independent, transparent, and efficient. You can easily contact our team, so no long waits are guaranteed.

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