Do you need help with Cybersecurity?
In 2025, having cyber insurance for your business isn’t just a good idea, it’s absolutely essential. Insurers are now looking for businesses to meet at least the basic Cyber Essentials standards. This means they’ll be asking if your devices are encrypted, if you have a plan for when things go wrong (a business continuity plan), and if you’ve covered the key risks your business faces.
Key Takeaways
- Insurers expect businesses to meet Cyber Essentials standards.
- Encryption, business continuity plans, and risk coverage are key.
- Budget around £40 per staff member per month for adequate protection.
- Help is available if you’re struggling to meet requirements.
What Insurers Are Looking For
The level of scrutiny depends on your business size and industry. Larger organisations or those in high-risk sectors can expect more detailed questions and thorough checks. They want to be sure you’re taking cybersecurity seriously.
Budgeting for Protection
To get the right level of protection in place, I’d suggest budgeting around £40 per staff member who uses a computer, per month. This should give you enough to work with to implement the necessary measures and secure appropriate cover.
Getting Help to Meet Requirements
If you’re finding it tough to meet the insurer’s requirements, don’t worry, there’s help available. We can work together to put the necessary technical controls in place. This might involve setting up encryption, improving your network security, or ensuring your data backup and recovery processes are robust.
Sometimes, businesses have older systems, known as legacy systems, that don’t quite meet the latest standards. We can put technology solutions around these systems to make sure they don’t pose a risk to your business. This can often satisfy insurers and allow you to get the cover you need.
We can also work with your insurance broker. By making sure they understand the specific risks your business faces and the steps you’ve taken to reduce them, we can help ensure you get the right insurance cover.
If this sounds like something that could help your business, please get in touch. I’m happy to answer any questions you might have. You can drop me a message or book a quick call to chat about your specific situation. Thanks for watching.
