As a start up we understand that money is tight, however to make sure your business gets off the ground you need to think carefully about the risks you are exposed to from day one. If you are thinking of raising money from investors they are increasingly demanding that the investee has insurance to mitigate risks on their investment. Nobody likes losing money because of the failure to address risks that can be mitigated at a sensible cost. Establishing your start up as a trusted brand is essential to success.

The last thing any startup needs is a data breach damaging their brand name so early in the game, especially if working with larger companies. Some companies will insist you have Cyber Insurance to protect their own interests whilst working with them.

It is important to understand the risks you face as a start up and mitigate them with a Cyber Insurance policy.


Cyber Insurance provides specialised protection that is often not included in general liability policies. The list below is complied from the Cyber Insurance market as a whole. Please be aware that cover varies between providers.

Crisis Communication

In the event of a data breach maintaining your reputation is paramount, crisis communication cover provides specialist PR.

Cloud Cover

As software and data moves from physical office networks to the cloud, cloud cover can protect your data held in the cloud.

Intellectual Property

Protecting against claims for intellectual property rights infringement in all forms of content, including user generated.

Cyber Crime

If you are the victim of a malicious act including phishing scams, telephone hacking, identity theft and wire fraud.

Business Interruption

Covering the loss of net profit as a result of an interruption to your business after a cyber attack or network security breach

Regulatory Investigations

Covering the cost of investigations and fines from data protection regulators in the event of a confidential data breach.

Data Loss

Costs associated with data forensics, restoration, recollection and recovery following a security breach or data leak.

Cyber Extortion

If a hacker is threatening to damage your site or network, cyber extortion cover can pay the ransom payment demanded.

Virus Damage

If a virus destroys your system, virus damage insurance covers costs to rebuild your computer systems and restore your data.

Identity Fraud

A hacker has fraudulently used your identity to enter into an agreement. Identity Fraud insurance covers costs incurred.

Specialist Services

If your systems have been compromised, you may require expensive specialist services to assess and repair any damage.

Legal Expenses

Legal Expenses cover provides expenses and advice for a range of IT-related disputes with suppliers and employees.