Swinton launches new cyber insurance offering

Cyber-insurance

Swinton Business is offering cyber insurance products specifically aimed at protecting small and medium sized enterprises (SMEs). 

The products, available as standalone policies, support firms against a number of cyber-related risks including data breaches, business interruption, cyber extortion, hacker damage and media liability.

As part of the policies, SMEs hit by a cyber-related attack will have access to specialist round the clock support in the days following the incident. Swinton is offering cyber cover underwritten by HSB Engineering Insurance and Fusion and is offering a minimum level cover of £100k.

Tony Monnington, head of Swinton Business, said: “This year’s cyber-attacks suffered by parliament and the NHS also affected businesses of all sizes and highlighted the fact that many firms are still exposed to these sorts of cyber related crimes. The risk to SMEs in particular is likely to increase as more small firms start to trade online, hold information about their customers and connect to wider online networks. 

“In addition to bolstering their frontline cyber security measures, businesses should also consider what type of provisions they have in place to enable them to resume trading after an attack. We want to support and protect our customers by offering products designed to provide financial compensation and practical support to help firms quickly get back on track.”