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Less than 3 in 10 businesses have a formal cyber security policy in place. As more and more businesses come to place primary importance on their IT infrastructure, not just within their day to day working lives, but as the beating heart of their business that can future proof their infrastructure also. So why is cyber insurance important, and what kinds of cyber insurance are available to best support your business? 

What is cyber insurance? 

In our digitally focused world, our cyber life is as important to business as our real one. In the same way you’d insure your business against potential threats or accidents, cyber insurance provides your infrastructure with another layer of rounded protection. In 2017, 74% of companies had over 1,000 stale sensitive files they couldn’t account for. As hacking techniques develop, your infrastructure and the protective layers surrounding it need to evolve to keep your files and folders free from prying eyes.

The statistics say it all – no matter how big or small your business is, growing hacking attempts make cyber insurance a must have when it comes to future proofing your company infrastructure. 

Cyber Security Insurance

The ultimate layer of protection, cyber security insurance acts as a risk management tool that mitigates loss caused by cyber incidents or data breaches. Cyber insurance has developed over recent years due to the need for businesses to adopt their insurance policies in line with growing reliance on IT infrastructure. As cyber attacks become more malicious, harder to deal with and therefore more costly, cyber insurance has grown to cover all kinds of cyber security risks and issues. In 2018, 81% of large UK businesses suffered a cyber security breach – as reliance on online channels only grows, preparing for the worst by building a strong cyber insurance policy will ensure your business can navigate potential GDPR storms unharmed. 

Cyber Liability Insurance 

Simply put, cyber liability insurance helps your business stay on top of potential cyber threats, protecting your infrastructure from damage caused by hackers trying to infiltrate your infrastructure. If your business handles customer data, either on a regular basis or every once in a blue moon, this kind of cyber insurance will keep you covered if potential GDPR compliance issues come to affect your business. Cyber liability insurance keeps you covered in the case of a range of different security breaches, varying from the loss of a memory stick to employee theft. This wide range of support makes this type of cyber insurance for businesses who need a cover-all policy, protecting them from evolving cyber threats and malware. 

Technology Errors and Omissions Insurance

Technology is now integral to almost every business’s daily operations; when your laptop, tablet or PC fails to work as speedily as you expect it to, your entire working day can go to pieces. This kind of cyber insurance helps cover the performance of your technology and professional services, making sure your technology does the job it is meant to. Investing in the most up to date, streamlined technology is a big step for many small businesses; making sure you’re covered in the case of this technology missing the mark makes sure your team can continue to keep looking forward. In this sense, technology errors and omissions insurance covers you in mistakes or incidents within your own business, rather than from the impact of outside players like cyber attackers.

Interested in the types of cyber insurance out there? Give us a call to see how we can bolster your business growth.

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Client Feedback

We are delighted to be working with CIS, the project is already looking well organised and innovative. CIS delivers a prompt professional service with trusted knowledge we can rely on at all times.

John Story, Head of IT

St Paul’s Cathedral

CIS have been our go-to IT supplier for nearly 20 years, and throughout that time they have been flexible, consultative, and above all putting our business at the forefront of their advice. I would be very pleased to recommend them for any company that needs to have a real partnership with their IT company.

Graham Hughes, Managing Director

Rovema UK Ltd

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CIS Overview

Cloud

Cloud

  • CIS Private Cloud
  • Infrastructure as a Service
  • Backup & Disaster Recovery
  • Remote Desktop Services
Security

Security

  • Anti-Virus & Ransomware
  • Extensive Encryption
  • Firewall & Next-Gen UTM
  • Penetration Testing
  • Digital Rights Management
  • Phishing
  • Mobile Device Management
Communications

Communications

  • Exchange Server Hosted & On Prem
  • Mail365
  • Unified Communications
  • Office 365
  • Mobile & VoIP Telephony
  • Internet Connectivity
Support

Support

  • Consultancy
  • Analysis & Audit Services
  • User Training & Enablement
  • Fully Managed Support
People

People

Since its inception in 1989 CIS’ philosophy has always been the same. We believe that in order for our team mates to provide the best possible service to our clients and to remain motivated and inspired themselves, we have to create a positive and stimulating working environment. One that encourages ambition, a continued exchange of ideas and dialogue, hard work, performance and loyalty. We have always rewarded our staff for going the extra mile and for embracing our company ethos but we also aim to make their working experience enjoyable and fun, working on the basis that humour can go a long way and fairness and respect are paramount.

Portfolio

Portfolio

Even though we say this ourselves, our portfolio is first class. We offer a range and quality of Cloud Services that can cater for all our customers’ business goals and aspirations. It’s our job to find the perfect solution for your requirements and you’ll benefit from the research and development carried out by our team to find the ideal system solutions for you.

Partners

Partners

Partners are vital to the ongoing success of our company so we nurture our award-winning network of like-minded organisations, building up mutual trust and respect in our working practices that can only benefit our customers.

Productivity

Productivity

It has always been of key importance to CIS to achieve high levels of productivity and to ensure that we remain s highly effective, lean and fast-moving organisation. It allows us to keep ahead of the game and to spot and act upon new products and trends whenever possible. By keeping on our toes, we can pass on benefits to our clients and partners without the need for time consuming learning curves.