According to the UK Government, last year, over 30% of businesses and 22% of charities experienced a cyber-attack or IT-related security breach. This figure has increased year-on-year for the last four years. Some experts estimate each incident costs companies approximately £27,000 to recover. With this in mind, cyber liability insurance becomes essential.
What is a cyber-attack?
The press often focusses on large-scale breaches, such as the NHS ransomware attack of 2017. However, many cyber-attacks are smaller in scale, though they can be just as disruptive to businesses. They include:
- Phishing emails aimed at gaining access to systems by encouraging staff to click on links embedded within them.
- Attackers impersonating their company in order to attack customers and clients.
- Viruses and malware, including ransomware, which can steal data or shut down systems.
Given how many businesses rely on IT to carry out their day-to-day operations, it is vital, therefore, they are protected. This includes having the right IT systems in place to keep their, and their clients and customer data, safe and insurance for if they are attacked.
What does cyber liability insurance cover?
As with all insurance, cyber liability insurance covers different things depending on the level a business chooses. However, for fully comprehensive cover, it should include financial cover for handling:
- Data breaches
- Compensation claims
- Losses and interruptions
- The aftermath and impact of a cyber-attack
- Hardware and system repair and replacement
Ideally, it should also include forensic investigation and specialist IT support.
Buying cyber liability insurance
Companies should opt for comprehensive insurance wherever possible to ensure they are covered for all eventualities. The best way to find this is through an independent insurance broker such as Just Quote Me, who can find you the best policy for the best price. Contact them today on 0800 084 2325 for a free, no obligation, cyber liability insurance quote.
Whether you are hosting an event or are contracted to provide security for one, you need to make sure that you are fully covered. Events can be unpredictable, and it is best to have appropriate security insurance for events to protect your business in any eventuality.
What sort of events need security insurance?
If you are going to be providing security as part of an event then you should have security insurance. This includes things like sporting events, festivals, conferences and fun days.
What security insurance for events includes?
When you are looking for security insurance for an event, you need to find a policy that is tailored to your needs.
If you are the employer, then you be legally required to have employer’s liability insurance. You may already have this type of insurance, but your provider may not include external events in your policy. It is always best to check. Public liability cover will also be a necessity. This provides you protection in the event that someone is injured or property is damaged during the event.
You may also need to consider including professional liability insurance, especially if you are responsible for planning the security for the event. Cover for loss of keys is worth considering if you are acting as a key holder. Wrongful arrest insurance might be appropriate depending on the type of event. If there is a lot of equipment on-site, then contents insurance might be necessary.
Consequently finding the perfect security insurance for your event is going to require some thought. A conversation with Just Quote Me can really help to determine exactly what you need.
Where to find security insurance for events
If you need security insurance for an event, then contact Just Quote Me. They are experienced insurance brokers who can provide you with all the cover you need. Because they have worked with many different companies, they can assess your needs and guide you to the right policy for your event. Alternatively, find the right insurance for your needs with the quick quote form.
Some businesses require an extra level of security. Security insurance protects the business in a bespoke way with policies to suit the business type. What is Security Company Insurance, and do you need it?
Security Company Insurance is protecting the premises and data. It also includes everything in the premise from damage, theft or loss. Therefore, it covers everything from security alarms to shop guards, car parks and offices. You have to make sure security breaches are not going to devastate your business.
What does Security Insurance include?
Firstly, inefficiency covers you if there is a basic failure to perform security tasks. This is covering you if something goes wrong and it’s because of issues outside of your control. It’s impossible to guard against every possible issue. Therefore it’s unique insurance to the security sector.
Changing the locks
People lose their keys all the time. And if you’ve lost your company keys or they’re stolen, or in the wrong hands, you’ve got a security threat. Therefore, you need to cover yourself and the cost of replacing the locks and getting new keys made. This can be hugely costly and so worth considering.
Security company insurance covers you against company phone misuse. This includes when fraudsters ring the public claiming to be you. In addition to this, it covers you if your employees are using the phones for personal calls, which can be costly, especially if the call requires an extra fee.
Employee and public liability insurance
Finally, employee and public liability insurance cover all your employees and anyone who comes onto your premise. Accidents occur everywhere, and insurance covers you if anyone were to make a claim following an incident.
At Just Quote Me, highly experiences professionals in the security industry can help put together a bespoke policy for you. They understand the individual nature of each client.
Do you have questions about Security Company Insurance?
Call Just Quote Me for FREE on 0800 084 2325 or get a quote online using our Quick Quote Form.
In some areas of business, insurance is particularly essential
In conjunction with some of the UK’s leading insurance companies, Just Quote Me has created specialist Security Insurance, in the form of a policy which is specific to those working in the security industry. The insurance is specifically designed for anyone working in the security sector with an SIA certificate and training.
Security company insurance needs to be specific and unique because of the intricacies and nuances of the sector. Everything from installing security alarms to guarding shops, car parks and offices carries risk and some elements of this risk can be mitigated with a good insurance policy.
Get your Security Insurance Quote Today
At Just Quote Me we are highly experienced in working with professionals in the security industry.
We appreciate the individual nature of each client and especially understand the importance of bespoke cover, specific to the security tasks at hand.
To find out more about discuss your particular business you can complete our security insurance quote form. For more advice and guidance in the level of insurance you may need or the ins and outs of how our quotes work you can contact us directly or call for FREE on 0800 084 2325.