Cyber Insurance

We can provide Cyber Insurance for small and large companies across many sectors including financial services, consulting, technology, engineering, construction and manufacturing.

Our current clients include sole traders and large firms with hundreds of employees. We get the best quotes because we work with more than 40 specialist insurers across Ireland, UK & Europe.

We also have a team of qualified and experienced professionals as well as dedicated claims handlers.

What is Cyber Insurance?

Cyber insurance can help protect your business against a range of cyber threats and exposures, including cybercrime, data breach and system interruption.

Policy covers vary from insurer to insurer but the following is an example of some of the covers which can be included:

  • 24/7 incident response helpline following a cyber-attack:

    • Appointment of incident manager.

    • Specialist cyber legal advice following a data breach.

    • Assistance with regulatory investigations following a data breach and defence of regulatory actions.

    • Access to specialist cyber IT forensics to identify the source and scope of the breach and provide assistance to contain and deal with same.

    • Crisis Communication Costs – specialist consultants can assist with media communications in order to limit reputational damage.

    • Specialist advice and assistance with regard to notifications to individuals affected by the breach.

    • Post breach remediation costs.

  • Cyber Crime:

    • Funds Transfer Fraud

    • Extortion

    • Corporate Identity Theft

    • Telephone hacking

    • Phishing

  • System Damage and Business Interruption

  • Network Security & Privacy Liability

  • Media Liability:

    • Accidental Online Defamation by a staff member

  • Breach & Security Monitoring:

    • Some cyber policies will also provide free or discounted security monitoring.

Examples of Cyber Insurance Claims

A hacker gained access to the CEO’s e-mail account and e-mailed the accounts department to make a payment to a new supplier. The payment was processed before the company realised that the e-mail had been hacked. Insurers funded the loss.

 A staff member clicked on an e-mail believing it to be from a legitimate source. In fact the link downloaded ransomware to the system and company servers were locked pending payment of a ransom. With the support of cyber security specialists appointed by the insurer, the systems were released and secured.

A hacker gained access to the network of a small business and altered the bank details on an outgoing invoice. A client paid the invoice to the wrong bank account and as a result the business was required to compensate the client as the e-mail and invoice had come from their office.

Why purchase Cyber Insurance?

Cyber attacks are growing and the majority of attacks are against small businesses. These attacks can cripple companies for days, weeks or months. They also have the potential to destroy years of data by corrupting or damaging systems.

In addition, funds transfer fraud is becoming more prevalent. Cyber insurance provides immediate access to leading specialists who respond to these attacks and provide customers with 24/7 response and support. In the absence of a cyber insurance policy, most small businesses would not know who to turn to and could struggle to fund the cost of dealing with an attack as well as any losses incurred


James Martin
Diploma in Insurance
Diploma in Corporate Finance
T: 0494332944