Cyber Insurance
Protect your business against cyber crime, data breaches and operational disruption with expert support
At PIB, we combine market-leading insurance with practical risk management to help organisations of all sizes build resilience. We recognise businesses have differing levels of exposure and we have expertise in tailoring cyber insurance solutions to individual business requirements
Key benefits of Cyber Insurance:
- Incident response, 24/7: Immediate access to IT forensics, legal, PR/crisis communications and credit monitoring.
- Ransomware support: Guidance on containment and recovery; cover for extortion payments where lawful and agreed by insurers.
- Data breach costs: Notification, call centre services, credit monitoring and regulatory defence costs.
- Business interruption: Loss of gross profit or extra expense due to system outage or cyber event.
- Cyber crime: Social engineering, funds transfer fraud and phishing-related losses (subject to underwriting).
- System damage and restoration: Repair or replacement of corrupted data, software and systems.
- Third-party liability: Defence and settlements for privacy breaches, media liability and network security failures.
- Reputational support: PR costs to protect brand and stakeholder confidence.
Why choose PIB Insurance Brokers for your Cyber Insurance?
> Access to PIB's CyberPrepare tool - test and assess your cyber resilience
> Deep cyber expertise: Dedicated cyber specialists, such as Steve Cross, who understand threat trends, insurer appetites and sector-specific risks.
> Tailored placement: We design cover around your systems, data flows, contracts and risk tolerance-no one-size-fits-all.
> Market access: Strong relationships across UK and international insurers for competitive terms and breadth of cover.
> End-to-end support: From risk assessment and employee awareness to incident response and claim advocacy.
> Practical resilience: Guidance on controls (MFA, backups, email security, patching, vendor risk) aligned to insurer expectations.
CyberPrepare – assess your cyber risk
PIB has partnered with STORM Guidance - the UK's leading provider in cyber incident response and risk management services for the insurance market - to offer CyberPrepare, a low cost and simple to use tool which quickly identifies your organisation’s security gaps.
Available via a secure online portal, CyberPrepare includes an assessment of fundamental security and controls together with a non-invasive domain scan that provides an attacker’s eye view to help identify security gaps. A resilience report is also produced, highlighting the organisations cyber preparedness and security posture - setting out findings, observations and insights.
Find out more
Cyber Client Academies – learn from the experts
Our national programme draws upon expertise from PIB specialists and industry partners to provide you with the knowledge and confidence to make informed choices. We are thrilled to be hosting a range of Cyber specific academies this year - book your free spot today!
2025 Cyber Academies:
| Topic | Date | Location | Details |
|---|---|---|---|
| New for 2025 - Cybersecurity for the real world: eye-opening examples and practical protection | 18th September 2025 | Leeds - DoubleTree by Hilton | Academy complete |
| New for 2025 - Surviving the Surge - How to Prepare for the Rise in Cybercrime | 25th September 2025 | Liverpool - Hope Street Hotel | Academy complete |
| New for 2025 - Surviving the Surge - How to Prepare for the Rise in Cybercrime | 15th October 2025 | Derby - The Museum Of Making | Find out more / Book now |
FAQs
Is Cyber Insurance only for large companies?
No. SMEs are frequent targets due to limited resources and controls. Policies are designed for organisations of all sizes.
Will my policy pay a ransom?
Extortion payments may be covered where lawful and agreed by insurers, but focus is on safe recovery and resilience first.
If I use cloud services, am I already covered?
Cloud providers protect their infrastructure. Your data, operations, liabilities and regulatory duties remain your responsibility.
How much cyber cover do I need?
Consider data volumes, revenue at risk from downtime, regulatory exposure and supplier dependencies. We can help model realistic scenarios.