Cyber Insurance

Expert cover against targeted and malicious cyber attacks on your business. Protect your sensitive data.

Start your quote
Caunce O'Hara Feefo 2022 Platinum Award 250px
Trusted by over 23,000 clients for their business insurance
Quick and easy online cover for your profession
Rated 4.7 out of 5 by over 3,500 clients at feefo.com
Cyber liability insurance from Caunce OHara - Laptop displaying virus warning sign.

Our growing reliance on digital tools, online banking and social networks is fueling an increasing rise in sophisticated cyber crimes. As a result, we must all be vigilant to ensure we do not become victims of a cyber attack.

Techopedia’s description of a cyber attack is a “deliberate exploitation of computer systems, technology-dependent enterprises and networks.”

Start your quote

What is cyber insurance?

Also known as cyber liability insurance, this type of insurance policy will protect your business in the event of a malicious attack on your computer systems and your data.

Who is cyber insurance beneficial to?

Cyber insurance is typically considered vital to businesses who store sensitive data about their clients and employees on internet-connected devices such as their name, address, telephone number or payment details. It is also important for businesses who rely on computers to carry out their work or operate a company website.

With many companies increasingly looking at operating via a hybrid-working model, the need for cyber protection has never been greater, especially as many staff are using their own devices (laptops, tablets and mobiles) to login to business systems and to produce the work their roles demand.

According to the government’s cyber breaches survey 2021, 39% of business and 26% of charities reported having cyber security breaches or attacks in the last 12 months, up to March 2021. The figures are higher among medium businesses (65%), large businesses (64%) and high-income charities (51%). The figures are only slightly better than those in 2020, when 46% of businesses and 26% of charities reported cyber breaches or attacks.

Why choose Caunce O'Hara for your cyber insurance?

As freelance insurance experts, we're your number one choice for your business protection.

Caunce OHara business insurance for contractors and freelancers
1

Trusted by over 23,000 clients for their business insurance.

2

Immediate cover available, with documents issued via email in minutes!

3

Over 25 years’ experience of insuring self-employed professionals, including freelancers, contractors, and small business owners.

Golden star
I had spoken to Caunce O'Hara prior to the transaction and it all went smoothly for me. I have used them now for 12 years.
Trusted Customer
Feefo
Golden star
Excellent Customer service and value for money. Best public liability, professional indemnity and employers liability insurance offer I’ve come across.
Trusted Customer
Feefo
Golden star
Company insurances renewed for another year with Caunce O'Hara. No drama, issues or concerns.
Trusted Customer
Feefo

Frequently Asked Questions

With an increasing number of cyber criminals targeting businesses, a data breach could have disastrous consequences, including: taking down your website and holding your business to ransom, your critical data being wiped or your customer and/or employee data being stolen.

As an online insurance specialist, we understand the threats that many businesses face.

Our expert cyber insurance has been created to protect your business in the event of a cyber attack by providing access to our cyber response helpline, as well as covering you for:

  • The costs of restoring data and equipment
  • Informing your clients of a data breach
  • Meeting ransom demands
  • Loss of your net profit
  • Your legal defence costs and damages that you are legally liable to pay to other parties in the event of a cyber attack.

As a business you should consider purchasing our cyber and data risks insurance to protect your business against data breaches, the costs of restoring your own data and equipment and compensation payable to your clients.

The policy starts from £30.00 per annum depending on your level of risk, which we think represents good value for money considering the level of cover and peace of mind that you get from the policy.

Cyber insurance is comprehensive in its cover and protects against a range of cyber risks, including:

  • A spreadsheet containing of all your clients’ personal information (including payment details) is stolen by a hacker. You are covered for the costs associated with informing your customers, your legal defence costs, and any damages you are legally required to pay to other parties.
  • In a targeted attack, a hacker threatens to encrypt the hard drive of the laptop you use for your business unless you pay them a ransom. You will be covered for the cost of meeting the ransom demand.
  • A targeted denial-of-service attack causes an outage on your website. You are covered for the cost of restoring or reinstating the data to get your website back online, as well as loss of net profit.

Many clients and industry bodies will require you to carry a minimum level of insurance cover before you undertake a contract, so it’s worth checking this before you arrange cover.

If you are unsure of how much cover you will need, or it’s the first time you have arranged cover, give some thought to a worst-case scenario and the likely costs involved in putting things right again. We offer a range of limits on insurance, so you’re sure to find the right cover for your business.

Cyber insurance will provide cover for the following:

  • Provision of IT security services (cyber response service) for a 90 day period from the date of discovering a breach
  • Negligent transmission of a computer virus
  • Loss of net profit for a 30 day period following a ‘cyber attack’ on your business
  • Court attendance expenses
  • Cyber response
  • Legal defence costs in relation to investigations or proceedings brought by the UK Information Commissioner’s Office and (where legally permissible) the payment of any PCI penalty, fine or award imposed due to a breach of PCI data security standards.

Up-to-date anti-virus software will help to a certain degree, but it is not infallible. Also, anti-virus software will not protect you against the cost of correcting things in the aftermath of a cyber attack.

The physical costs involved with informing clients about a data breach, restoring data following a targeted denial-of-service attack or paying ransom demands can be high. Cyber insurance provides cover against these scenarios, giving you the peace of mind that if your business falls victim to a targeted cyber attack, you will be covered.

Cyber insurance will not cover the following:

  • Prior claims and circumstances known at inception
  • Electromagnetic or electrical disturbances
  • Infrastructure failures including, but not limited to, interruption to electricity, telecommunication or internet services.

Professional indemnity insurance (PI) will provide cover for business professionals who provide business services, advice or designs to clients and will cover against claims of negligent work.

Public liability insurance (PL) is designed to protect your business against third party claims for injuries or property damage.

Employers liability insurance (EL) will cover the cost of defending or settling a claim against you from an employee who has suffered injury or disease as a result of the work they do for you.

It is important to be aware that as a self-employed business owner, a claim can be made against you personally with unlimited personal liability, therefore Directors and Officers insurance is a valuable insurance policy which will cover you in this instance, which is provided as part of our Business Combined Liabilities insurance product.

Legal Expenses insurance will also provide cover for costs incurred from a legal occurrence or claim that your indemnity and liability insurance does not cover, including the costs incurred from an IR35 tax investigation.

Personal accident insurance can provide cover for your loss of earnings while you are unable to work due to a work-related accident or illness caused by your work.

Commercial crime insurance can be beneficial to anyone who ones or runs a business, no matter how large that business is. Theft and other crime can have catastrophic consequences for a business and potentially to those who are connected to that business, such as suppliers and employees.

Contact us

Call 0333 321 1403

Our understanding of the freelance sector and the challenges you face daily, enables us to tailor our insurance products to meet your needs. Contact us to talk about your insurance requirements and to better understand the insurance we offer.

Get in touch
Contact Caunce O'Hara for your business insurance today