Cyber insurance for online businesses
What is cyber insurance?
Cyber insurance is designed to cover a wide range of risks that come with using computers and holding data.
- Denial of Service attacks
- Hacking, extortion and ransomware
- Lost income and data restoration
- Privacy breaches
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Why is cyber insurance important for online businesses?
Extortion, hacking and ransomware
if your data is encrypted and held ransom by a hacker, they'll likely demand ransom payment - in Bitcoin. We'll cover damages and extortion payments, as well as costs associated with defending, negotiating and settling your claim.
You're dependent on the smooth-running of your website - particularly if you're an online business. Whether it goes down due to a DDoS attack, an unexpected server outage or a ransomware attack, our cover will reimburse income lost. Also, if, as a result of a security breach, your data were lost or stolen, we'd pay for it to be restored.
Anything you publish online is subject to scrutiny. Accidental use of a trademarked slogan or image could lead to a costly claim against you. Our cyber cover includes media liability, to protect you against the repercussions of mistakes like this.
Like any business, you'll hold customer or client data. Personally identifiable information is subject to the GDPR and a simple mistake could lead to an expensive data breach. Our cover includes a 24-hour breach helpline, and we'll provide you with legal, IT security and PR support.
What other cover should I consider for my online business?
If your business employs anyone at all - whether full or part-time - employers' liability is a legal requirement. Not having employers' liability in place can result in a £2,500 fine for every day you don't have it.
If your business offers advice, consultation or provides a professional service like software development, you'll want to think about professional indemnity insurance (PI). PI covers you for claims against you if one of your clients suffers a financial loss as a result of your professional service.
Contents and equipment cover
Whether you're based in an office, co-working space, or a fully remote team, you'll have valuable business equipment such as computers and smartphones that you may want to consider protecting with business contents cover.
Directors & officers insurance
Directors & officers insurance, also known as management liability insurance, covers those with management responsibilities for claims against them personally, including misrepresentations in a pitch deck, or errors in financial reporting.
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Cyber insurance for online businesses FAQs
Cyber insurance covers a wide range of risks your business faces when holding data or using systems and computers. Our Cyber cover is designed to protect you from data breaches involving personally identifiable information, extortion and ransomware attacks, business interruption your business could face as a result of an unexpected server outtage and even cyber crime.
At Superscript, we provide a full breach response service that gives you access to experts who can assist you with a security breach, every step of the way.
Personally identifiable information (PII) is any data which could be used to identify a specific person. This could be as simple as a name, physical address, email address or as sensitive as health or financial information.
Our cyber insurance starts at £10.79 per month, but this will vary according to the cover your business needs.
Customise your cover
To simplify things, we've categorised our covers into three groups: essential covers, professional covers, and management covers. You'll be guided through these different options during the quotation process.