Cyber insurance
Covering your business’ legal liability for a data breach or cyber-attack, as well as the costs for investigating and recovering afterwardsCyber threats are evolving rapidly and risk mitigation is an ongoing challenge
Cyber insurance covers the financial and reputational costs if data or electronic systems have been lost, damaged, stolen or corrupted. This includes the cost of investigating a cybercrime, recovering lost data, repairing computer systems or acting on your behalf if you’re asked to pay a ransom.
Andrew Quinn
Managing Director
Are you taking cyber insurance seriously?
Despite its importance, many businesses still don’t see the value of cyber insurance, viewing it as just another expense. However, for the sake of your business and people, it’s your duty to help change the narrative in your organisation.
90%
Almost 90 per cent of Irish businesses have suffered some form of financial loss and commercial disruption as a result of a cyberattack in the past five years.
Source: The Irish Times April 2025
37%
Cyber extortion was the most common type of attack on Irish businesses at 37 per cent.
Source: The Irish Times April 2025
Why is cyber insurance important?
A data breach or hack could have serious impacts on your business, which might lead to:
- Legal action being brought against you
- Loss of public trust and reputational damage
- Critical data being lost, meaning you cannot continue trading.
Any business that uses, sends or stores electronic data is vulnerable to cyber-attacks and data breaches, from small businesses handling their basic customer details to global healthcare organisations processing highly sensitive patient information.
Claire Heffernan
Senior Account Executive
We can help you arrange a cyber insurance policy
What’s included in a cyber insurance policy?
- Business interruption and lost revenue Incident response
- Cyber extortion
- Data and equipment restoration and repair
- Network security and privacy liability
- First and third-party costs Legal expenses
Without cyber insurance, your business could be at risk of:
- loss of income due to period of business shutdown
- loss of sensitive customer data, resulting in potential lawsuits and fines
- damage to business reputation
- large-scale financial losses due to criminal activity
- legal and regulatory penalties
Who's it for
Our cyber insurance solutions are suitable for a wide range of businesses, including but not limited to:
Public and private companies
Not-for-profit organisations
Regulated financial institutions
Professional services firms
Start-ups and scale-ups
Read the latest insights from our cyber insurance specialists
Request a call back from one of our cyber insurance specialists
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