Here at QuoteGrab, we understand just how important cyber insurance is for your company. After all, we’re living and working in the digital age - so the risk of data breaches and cyber-attacks are incredibly high. Not only are these attacks costly to you and your business, but you could face being sued if your company holds sensitive information on your system, that later gets leaked due to improper security protocols. Although cyber insurance is recommended to anyone who uses digital technology as part of their jobs, for some sectors - like the healthcare industry - appropriate insurance is vital. Plus, due to the nature of some of the information companies like this hold, insurance premiums are extortionate. But, they don’t have to be. With us on your side, we’ll do everything in our power to find you the best insurance for the lowest price. All you have to do is fill out this quick form!
Takes Two minutes
Ideally, you should have your insurance set up before you even consider purchasing a computer. But, if it’s too late for that, you need it set up ASAP! That’s why we ensure our form only takes 2 minutes to fill in!
Due to the sensitive information a lot of companies hold, cyber insurance premiums are usually quite high. We go above and beyond to find you a good deal that saves you money!
Get Great Cyber Insurance
Not all insurance plans are the same. We aim to find you the best plan, that covers the most circumstances and fits snugly into your budget.
Did you know that there are actually three main types of cyber insurance? First Party, Liability Coverage and General Benefits. A lot of clients weren’t aware of this before coming to us and ended up buying the wrong type of insurance for them - which can be detrimental to a person’s company if their security is put at risk. Being attacked under the wrong insurance means that you aren’t appropriately covered, which can lead to costly repairs and even leave you at risk of being sued.
The type of insurance you need - and therefore, the price of said insurance - depends greatly on the type of company you are and the information you hold digitally. If you’re a freelance shoe distributor, who keeps most of their records on paper, you’re obviously going to pay a lot less for your cyber insurance than a finance company who do all their trade online!
So, to compare insurance premiums for you, we first need to find out a little bit more about your company. After you fill out our short form, we’ll have a better understanding of the type of cover your business needs, and can then match you up with up to four of our top providers.
Well, cyber insurance companies don’t use a uniform Insurance Sevices Office contract, meaning that every policy is different. Though many of these insurance providers offer you similar cover, it’s not because they have to. This means that, depending on what’s in your package, prices can vary rather significantly. Plus, due to the fact that the insurance payouts are quite high, providers will usually increase their premiums - especially if you’re a high-risk company. However, you shouldn’t have to pay a small fortune on the off chance that someone does attack you, and you receive a large payment.
This is why we’re so firm in telling our clients they need to compare prices - otherwise, you may end up spending a significant amount of your profits, on a policy that you don’t need, with a payout that just isn’t worth the added expense. Even though implementing an appropriate insurance package into your security plan is essential, and prices are generally higher than most other types of insurance, you shouldn’t have to waste your hard-earned money on an expensive plan. That’s why we focus on the quality of the plans we compare, so we can find you a high-quality plan for a low price. We don’t expect you to put any work into this at all, we find you appropriate packages - you just pick one!
Benefits of Comparing Prices
Find Low-Cost Cyber Insurance
Customise Packages To Your Budget
Only Talk To Highly Experienced (10+ years) Cyber InsuranceExperts
Discover Where To Find The Best Insurance Providers
We don’t just love bagging a bargain for our clients - we can’t turn down a good deal, ourselves! And because of this, we’ve gathered an arsenal of money-saving tips. So, it’s about time we passed some of them down to you…
Don’t Make Security An Afterthought
The companies with the best cybersecurity always implement it into their tech as they build it - not as an afterthought. If you haven’t started building things like your website or database already, ensure you have someone checking that proper security measures have been implemented into the design.
Do Regular Testing
What’s the best way to find out if the security measures you’ve implemented work? By testing them, of course! All the tests you do on your digital security should not only be thorough, but they should also be regular too. You need to seek out any holes in the system, which could develop over time as the industry changes.
Implement Personal Security
A lot of the time, when websites get hacked, it’s due to weak passwords. But there are three things you can do to improve an employee’s personal security online. Firstly, ensure they have a strong password - and no, Password123 isn’t one. You must also ensure every employee has a different password, to minimize risk. Lastly, implement two-factor authentication where you can!
Stick With What You Know
Much like most other aspects of your life, you’re more likely to be offered a discount if you use the same company for everything! So, if you already have another type of business insurance, it’s worth asking your provider if they can add cyber insurance into your bundle - which could see you receiving significant savings.
Well, it’s insurance that covers the digital aspects of your business. It can cover the costs for any data that has been lost, stolen or corrupted, be used to investigate any attacks on you, and even payout to defend you if you’ve been accused of a cybercrime - like breaching GDPR rules.
Honestly, I can’t keep up with the number of benefits cyber insurance provides for companies like yours. It can cover costs for just about anything, from the loss of income of your business being shut down, to the damage of equipment. It can also provide fees to carry out investigations into any cyber crimes committed against you. Overall, it’s a way to cover you in the new digital age, in a way that most traditional insurances can’t.
Even if it's a price you're willing to pay, there’s always a way to keep those costs down. Here are some Quotegrab suggestions for cutting down on your invoice discounting costs:
Don’t Make Security An Afterthought
Appropriate security measures should be implemented into your design, not added as an afterthought. This reduces the risk of faults in the system!
Do Regular Testing
The most practical way to find out whether your security systems work is to test them. The more regular, and more thorough, the tests are - the less likely it is that someone with bad intent can bypass your security measures.
Implement Personal Security
There shouldn’t only be good security on shared systems, individual employees should implement safety measures into their day-to-day life too. Strong, personalised passwords and two-factor authentication should improve the companies overall security immensely.
Stick With What You Know
If you use the same insurance company for multiple types of insurance, you’re way more likely to be offered a discount. I suggest contacting your provider and asking if you can implement cyber insurance into your pre-existing bundle.
Control Network Access
If an employee leaves your company, they should no longer have access to your network - not when most data breaches are at the fault of your own staff. Limit your network access to those who need it, to prevent vengeful attacks.
Stay Up To Date
It doesn’t matter if you’re using an office computer to complete a job, or your personal phone to check a work email. If you’re using any device for a business task, it should be kept up to date with the appropriate security software.
+ What Is Cyber Insurance?
It’s a type of insurance that covers many aspects of the digital industry, unlike most traditional insurances can. Here’s a few examples of things it can cover;
+ Do I Need A Business Loan?
While cyber insurance is strongly recommended for anyone that uses a form of digitalization in any aspect of their business, there are actually two points where the implementation of this insurance becomes vital.
If you handle any form of sensitive information, like names, addresses or bank details, you need to go above and beyond to ensure that data is protected and insured - or you can face extremely expensive lawsuits. This sort of information is most commonly held in the healthcare and finance industries, where the detail of sensitive information held on customers is immense. But, if you hold any sort of information that’s included in GDPR guidelines, you should also look into this type of insurance - and fast.
If you rely on your computer to do your job, you should also have a strong insurance package in place. Otherwise, if you are met with a data breach or malware attack, you could face a serious loss of income in the time your systems are down - and if that attack lasts for a long time period, you could end up going bankrupt without insurance to cover your costs!
+ How Do I Find The Cyber Insurance For Me?
Sourcing the right cyber insurance for you and your company can be quite time-consuming. In fact, it could take you weeks to compare every single company and package you find! That’s why, we don’t ask you to lift a finger. We actually do all the hard work for you, and forward you up to four of the top suppliers that we believe suit your companies needs and budget!
+ How Much Is A Business Loan?
Well, that depends on what type of company you are and what sort of data you hold. Obviously, to give you an accurate price, we’d need to find out a little bit more about you first. But don’t worry, it won’t take long. Just fill out this short form, and we can get a quote to you right away!
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At Quotegrab, we love guiding business owners like you to solutions for your business needs. We’ve picked up a lot of knowledge along the way, and now it’s time to pass that down.
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