October is National Cyber Security Awareness month which provides us with a chance to reflect on how secure businesses are from a potential cyber-attack.
Many smaller firms may consider cyber security risks to be a ‘large firm issue’. But with 32% of UK businesses experiencing a cyber-attack in the last 12 months*, the risks are real.
Cyber risks refer to the potential threats and vulnerabilities faced by all of us in the digital world. These risks can include unauthorised access to sensitive information, data breaches, ransomware attacks, and other forms of cybercrime.
There are a range of ways you can assist in protecting your business. With in-house cyber insurance specialists, we help businesses navigate and manage their cyber risk.
So how can we, as an insurance broker, aid peace of mind?
We can help you in several ways, tailored to the individual needs of your business:
Firstly, Risk Assessment: Our team will assess your company’s vulnerabilities and risks related to cyber threats. We can conduct comprehensive audits, evaluate security measures, and identify potential gaps your cyber security practices.
Insurance Coverage: We help you understand the range of cyber insurance coverage available in the market. We provide advice on the right types of policies, limits, and endorsements for your organisation’s specific needs. This helps ensure that businesses are adequately protected against cyber risks.
Policy Comparison and Negotiation: We have access to a wide range of insurance providers, enabling us to compare policies from different insurers and negotiate the best terms and premiums. This ensures that you receive comprehensive coverage at a competitive price.
Tailored Solutions: We work closely with you to design customised risk management strategies. We identify specific cyber risks faced by your organisation and offer tailored solutions to mitigate those risks. This might include implementing cyber security measures, creating incident response plans, or providing employee training programmes.
Stay Updated: Cyber risks are evolving rapidly! We stay up-to-date with the latest trends, regulations, and emerging threats in the cyber security landscape. We stay up to date with the latest trends, regulations, and emerging threats in the cyber security landscape. We provide insights and guidance on new risk management techniques and technologies to enable your business to stay ahead of potential cyber risks.
And what if the worst happens?
Our dedicated in-house claims team act as a liaison between you and your insurance company, assisting with the claims process, ensuring you receive prompt and proper compensation for any losses.
Your cover can include a range of help, guidance and 24/7 emergency contact support. This support can be invaluable in the ‘golden hour’ following an attack, as your own IT support will already have their hands full. The dedicated claims teams provide real-world experience and deep technical expertise to get you back online, even down to replacing ‘bricked’ equipment.
With cybercrime continually rising, now is the time to take action, minimise your risk and ensure you and your business are protected. Don’t hope that a cyber-attack won’t happen to your business. Now is the time to plan and take action to minimise the risks.
For more information, please get in touch with us via 0121 764 5500, email communications@adlerfairways.co.uk or complete this short form and one of our friendly team will contact you
* Source: Statistics sourced from the Cyber Security Breaches Survey, 2023, DCMS Government sources contain public sector information licensed under the Open Government Licence v3.0.
