Posted on Aug 27, 2019
It’s no wonder that small businesses are waking up to the reality of cyber security risks, with 875,000 SMEs in the UK hit by a cyber-attack in the 12 months leading up to July 2017.
The losses a hack can cause are no small fry either, with over a fifth of the affected SMEs reporting costs to their business of over £10,000. One in 10 said the breach cost more than £50,000.
Protecting your business with cyber liability insurance is a major step towards staying on your feet in the event of a data breach, but making sure your working practices are compliant with the terms of your policy will reduce wiggle-room when it comes to insurers paying up.
Here are some essentials to be aware of:
If you have any further questions about your cyber liability insurance, or to check you are complying with your policy terms, get in touch with our friendly advisers today.
Call Watkin Davies today on 02920 626 226 or email insurance@watkindavies.com
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