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Cyber Insurance

business

Cyber insurance covers financial losses from data breaches, ransomware attacks, and other cyber incidents — including regulatory fines, business interruption, and crisis management costs.

GeraSure is a comparison and referral service. Insurance products are provided by FCA-authorised or equivalent regulated insurers in each jurisdiction. GeraSure does not underwrite insurance policies and does not provide financial advice. Always read the policy wording before purchasing.

Typical Annual Premium

£200 – £3,000per year

Premiums depend on your risk profile, coverage level, and insurer. Get a personalised quote.

What's Covered

  • Data breach costs — notification, monitoring, legal
  • Ransomware payment and data recovery
  • Business interruption from cyber incident
  • ICO/GDPR regulatory defence costs
  • Cyber extortion
  • Reputational damage management

Key Exclusions

  • War and nation-state attacks (check LLOYDS exclusions)
  • Unpatched systems known to be vulnerable
  • Fraudulent internal acts

How to Make a Claim

  1. 1

    Engage insurer's 24/7 cyber incident response team immediately

  2. 2

    Preserve evidence — do not wipe systems before forensic review

  3. 3

    Insurer coordinates legal, PR, and IT response

Available In

United KingdomIrelandGermanyUSA

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Frequently Asked Questions

Does my business need cyber insurance under GDPR?

GDPR does not legally require cyber insurance, but the ICO can fine up to 4% of global turnover for data breaches. Cyber insurance covering regulatory defence and fines is strong mitigation against this exposure.

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