Corporate insurance
Cyber Insurance
Financial support to respond and recover when a cyber incident disrupts your business or exposes data.
Who is it for?
Is cyber cover right for you?
- Businesses handling customer or employee data
- Companies relying on online systems and payments
- Professional firms holding confidential client information
- Organisations with contractual data-protection obligations
What does it help protect?
The risk, in plain English
Ransomware, data breaches and online fraud can stop operations and create legal exposure. Cyber insurance is designed to pay certain costs of responding to incidents, restoring systems and handling third-party claims, subject to terms.
Insurers usually ask about your IT security controls, so applying for cover is also a useful review of your defences.
Key cover areas
What a policy typically includes
Cover differs between insurers and plans. These are the areas we walk you through — the policy wording always decides.
Incident response
Forensic investigation, legal advice and breach management costs.
Data restoration
Costs to restore or recreate data and systems after an insured event.
Business interruption
Loss of income from network downtime caused by a covered incident, where included.
Privacy and network liability
Third-party claims arising from data breaches or security failures.
Extortion
Response to cyber extortion events, where permitted and covered.
What to check
Read this before comparing premiums
The cheapest policy is rarely the one that serves you best at claim time. These are the terms we always check with you.
- Security requirements
- Controls such as multi-factor authentication and backups that insurers may require.
- Waiting periods
- The hours of downtime before business-interruption cover applies.
- Sub-limits
- Separate limits for items such as social engineering fraud.
- Exclusions
- Including prior known incidents and unpatched vulnerabilities.
How Finmirai helps
Advice before you buy. Support after you do.
As your broker, our job is to understand your need, explain options honestly and stay with you for servicing and claims.
- Map your business risks before recommending any cover.
- Prepare clear underwriting information so insurers can quote on accurate facts.
- Present options side by side — covers, exclusions, deductibles and terms, not just premium.
- Handle placement, documentation, endorsements and mid-term changes.
- Track renewals and support your team through claims, within the broker's role.
How it works
- 1
Tell us
Share your requirement by form, call or WhatsApp.
- 2
Understand your need
We ask the questions that shape the right cover.
- 3
Compare options
We identify suitable options and explain the differences.
- 4
You choose
You decide, with clarity on cover, exclusions and cost.
- 5
Policy issued
We help with proposal, documentation and issuance.
- 6
Ongoing service
Renewals, changes and claims guidance through the year.
FAQs
Cyber Insurance: common questions
We are a small business. Are we really a target?
Many cyber incidents affect smaller firms because their defences are lighter. The financial impact of downtime or a breach can be significant regardless of size.
Does cyber insurance replace IT security?
No. Insurance helps with financial consequences. Insurers expect reasonable security controls and may decline or limit cover without them.
What information is needed for a cyber quote?
Typically revenue, industry, the type and volume of data held, and answers to a security questionnaire covering backups, access control and incident response.
Does cyber insurance cover fraudulent payment instructions?
Some policies offer limited social-engineering fraud cover as an extension, often with sub-limits. Check this carefully if your business makes frequent payments.
Is cyber insurance available through Finmirai?
Please contact us to discuss your requirement. Availability depends on insurer appetite and your risk profile.
Request a consultation
Talk to us about cyber cover
Share a few details and an advisor will contact you. There's no obligation to buy.
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