Cyber Insurance for SMEs
Keeping SMEs safe from emerging cyber threats
It’s not only larger companies that are susceptible to data breaches and cyber attacks (such as ransomware). In fact, cyber security data shows that 43% of cyber attacks target small to medium enterprise (SME) businesses, and 60% of SMEs that suffer an attack go out of business within six months.1
This level of impact is why Travelers offers a comprehensive cyber policy that can offer more than protection from financial loss. SME businesses with a CyberRisk Insurance policy from Travelers will have access to a service contact, a dedicated claims handler and breach coaches to support them through a cyber incident and get them back on track.
We cover
These fall within our appetite, and we’re happy to discuss details.
- Accountants
- Construction
- Consultancy
- Financial institutions
- Hotels/restaurants
- Other professions
- Property/real estate
- Public administration
- Retail
- Solicitors
- Wholesale
We'll consider
We may need more information to confirm a fit.
- Education
- Manufacturing
- Mining/utilities
- Publishing/broadcasting
- Technology*
- Transport
*We have a dedicated global technology underwriting team who we work closely with in identifying specific appetite for the technology sector.
We do not cover
Sorry, we’re currently unable to insure the following.
- Corporate restrictions
- Crypto
- Gambling
- Healthcare
- Infrastructure
- Payment processing
- Security/defence activities
- Streaming
- Utilities
SME cyber covers and highlights
- Forensic investigations
- Litigation expenses associated with the breach
- Regulatory defence expenses/fines
- Crisis management expenses
- Business interruption
- Cyber extortion
- Post-breach coverage
- Betterment
- Computer system improvement costs
Contact us
Available to eTrade
Cyber safety tool
Our new cyber safety tool, developed by The Association of British Insurers, allows companies to self-assess risks and plug the gaps in their cyber set-up with a free, tailored plan.
Discover the cyber safety tool.
Sources
1https://www.salford.ac.uk/business/greater-manchester-cyber-foundry/cybersecurity-isnt-a-priority-for-smes-right-change-your-strategy