We are very pleased to announce that we’ve teamed up with CyberSmart, the SME cybersecurity specialists, to provide free cybersecurity insurance for small businesses in just a few clicks.
The partnership is the latest illustration of how Superscript is driving the industry movement towards ‘embedded insurance’. It works like this: when small businesses complete the government-backed ‘Cyber Essentials’ certification on CyberSmart’s website, they will be able to subscribe to Superscript’s specially developed cyber insurance almost instantly. This is thanks to a real-time technological integration between Superscript and CyberSmart; offering the super-quick Superscript experience, without the need to leave CyberSmart’s website at all.
This comes at a time when there has been a sharp rise in cyber attacks on UK businesses recently, resulting in the creation of a ‘Ransomware Task Force’ by the National Cyber Security Centre, which has called for urgent action.
Our cyber product provides more extensive coverage for CyberSmart customers than was previously available, with a cover limit of up to £25,000. While it brings broader coverage in many already available areas such as media and advertising liabilities, it also brings extensive value and assurance. This includes:
- Industry-leading 24/7 breach response service – does not erode the £25k policy limit
- Website recovery services (for denial of service attacks)
- Cover for cyber business interruption and ‘dependent business interruption’ costs – covering failures in the supply chain
- Cover for Payment Card Industry (PCI) costs – due to a security breach that involves credit or debit card numbers
- Cover for costs to regain access to, replace, or restore data incurred as a result of a security breach
- Cover for infringement of physical property
- Optional covers: cyber extortion costs & cybercrime cover
Henry Newby, Partnerships Director at Superscript, said:
“With a significant uplift in cyber attacks recently, it’s more important than ever that small businesses have cyber protection that gives them the confidence to grow. Superscript’s partnership with CyberSmart does just this. CyberSmart is the prevention, while Superscript is the cure. You can have both.
The partnership is an industry-defining moment in insurance. As technological capabilities improve, driven by insurtechs like Superscript, we will begin to see much more embedded insurance like this; making it easier than ever before for businesses to secure comprehensive coverage without any fuss.”
Jamie Ahktar, Co-Founder and CEO at CyberSmart, said:
“Ensuring that security and insurance companies work cohesively with each other is a crucial facet of providing the holistic protection for SMEs they so desperately need. A small business in the UK is hacked every 19 seconds, with dire consequences both from a security and insurance perspective in many instances.
By continuing to build cross-industry partnerships such as this, CyberSmart and Superscript are ensuring that businesses have access to the information and expertise they need to stay secure, and are equipped to deal with the consequences should a breach occur.”
If you are interested in learning about what our cyber insurance covers, you can find more information on our cyber insurance page.