Cyber Insurance
Even the best security systems fail. Cyber insurance is your critical last line of defence.
Cyber criminals only need one chance
What does cyber insurance cover?
We can help with first and third-party cyber insurance coverage, including:
- Incident response
- Business interruption (BI)
- Dependent BI
- Cyber extortion
- Digital asset loss
- Damages and claim expenses
- Regulatory fines and penalties
- Reputation damage
- Bricking
- Technology errors and omissions
- Multimedia errors and omissions
- Affirmative cyber physical damage and BI
- Cyber exclusion buy-back
Who can we provide cyber insurance for?
From SMEs to multinationals, we work with clients across a range of sectors:
- Agriculture
- Construction
- Energy
- Financial institutions
- Healthcare
- Hospitality
- Legal
- Manufacturing
- Marine
- Media risks
- Professional services
- Rental and leasing
- Retail
- Wholesalers
Why choose Miller for your cyber insurance?
Smart analytics for smarter insurance decisions
We’ve teamed up with a specialist third-party technology partner to give you the latest in cyber risk analytics. So any decisions we make about your insurance are backed by data-driven insights.
Insights that show you the threats you face. That help you understand your potential losses. And that help you benchmark your limits against similar-sized firms in your sector, so you’re comfortable with the level of coverage you go for.
Cyber protection across your whole programme
It’s not just about how good your cyber policy is, but how well it fits with all your other insurances. Because many of them will have cyber exclusions.
Together with our teams across Miller, we’ll make sure your policy compliments your entire programme and responds when you need it to.
CLAIMS EXPERTS who know their way out of a crisis
Top of your priorities is knowing you’ve got the experts in your corner for when a breach gets through.
You get an incident response panel – IT forensics, legal services and PR advisors – all wrapped up in the policy and ready to go for you. We only partner with top insurers, at Lloyd’s or across the international markets, who can support you with the best people.
GET IN TOUCH
Simon Milner
Director - Professional and Financial Risks +44 (0) 20 7031 2506 [email protected] Read more
Danny Cooper
Director - Professional and Financial Risks +44 (0) 20 7031 2964 [email protected] Read more
Sam Jobling
Associate Director - Professional and Financial Risks +44 (0) 20 7031 2499 [email protected] Read more
Tom Young
Associate Director - Professional and Financial Risks +44 (0) 20 4614 0109 [email protected] Read moreSUBMIT AN ENQUIRY
Need to report a breach? Contact your insurer
The contact number for your incident response team should be on your policy.
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If you can’t find it, our claims team is always here to help you.
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What is cyber insurance?
Cyber insurance, also known as cyber liability insurance, helps protect your business from the financial and operational impacts of cyber incidents like hacking, data breaches, or ransomware attacks.
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What does cyber insurance cover?
The financial fallout from a cyber event can be severe. Cyber insurance covers costs related to:
- Restoring your systems
- Legal fees
- Regulatory fines
- Notifying customers and credit monitoring
- Business interruption losses
It also means you can access rapid response experts – like IT forensic investigators and PR professionals – helping you manage the damage and get back to business as usual.
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How much does cyber insurance cost?
Your premium will depend on several factors, such as the size of your business, what you do, and the level of coverage you need.
This is where our partnership with CyberCube works in your favour. Their platform shows you how other firms your size are setting their cyber limits. So you can aim for similar levels of coverage and costs.
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What does cyber insurance not cover?
While cyber insurance covers a wide range of cyber events, there are some exclusions.
These might include incidents that were ongoing before you bought the policy, certain large-scale events that affect infrastructure beyond your control, or situations like war. We always explain clearly what is and isn’t covered, so you know exactly where you stand.
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Who needs cyber insurance?
If your business or organisation uses computers and the internet, you should consider taking out a policy.
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Why do you need cyber insurance?
Cyber crime is now a multi-trillion dollar economy. With new threats like AI and social engineering making scams even harder to identify, the rate of cyber crime shows no sign of slowing down.
Cyber criminals are also indiscriminate about the type of business they target. While attacks on the biggest brands tend to capture the headlines, SME’s are no less vulnerable. In fact, with not as much budget and resource behind their own security controls, smaller businesses are easier targets to infiltrate.
That’s why, in our eyes, clients need cyber insurance. It’s a risk too big for any business to overlook.
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What are the common forms of cyber attacks?
There are many types of cyber-attacks, but common examples include:
- Ransomware (when criminals lock your files and demand payment)
- Email scams (phishing)
- Theft of business data
- Attacks that temporarily shut down your systems.
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