In our Small Business Essentials series, we bring you digital guides focused on the most pressing issues facing small companies today.
Cybercrime is one such topic. Today, the average cost of a cyber-attack on a small business is an eye-watering £25,736. That’s a drop in the ocean to a large multinational corporation, but it’s a potentially business-threatening amount of money to an SME, micro-business or sole trader.
In our new guide, we speak to a series of businesses that were hit by malware. From ransomware to attacks on SEO rankings, these breaches significantly compromised the operations of the companies involved.
No matter how prepared for a cyber-attack you are, having to deal with the consequences of one is expensive and time-consuming. And with the likelihood of succumbing to a hack, security breach or ransomware attack increasing day by day, making sure your business can recover if the worst happens should be top of your to-do list.
Cyber liability insurance helps you get back on your feet. It covers the cost of repairing, replacing and restoring systems, websites and data following a breach or hack. It also covers the legal costs of telling regulators and customers what’s happened, and pays for reputation-saving PR help to limit the damage. Most importantly, it covers your lost revenue if a cyber-attack stops you trading.
Read our free guide by clicking here.
For more information on how PolicyBee can help your business, please visit the website by clicking here.