Cyber insurance for Andover businesses
Andover's economy is built on its logistics operators, distributors and market-town businesses, all of them moving money and invoices back and forth every day. That everyday flow of payments is what invoice fraud quietly exploits.
Where the risks come from for Andover businesses
In a business email compromise, a criminal gains access to, or convincingly imitates, a trusted email account and diverts a genuine payment, an invoice paid to a fraudster's account, a supplier's bank details changed. The money is often gone before anyone notices.
An Andover example
An Andover firm pays a large supplier invoice to bank details changed by a fraudster who had compromised the email chain, and the funds are lost. Cyber cover, including social-engineering and funds-transfer fraud, responds to the loss and the investigation, where a standard policy would treat it as an authorised payment and decline.
What cyber insurance covers
Cyber cover can include social engineering and funds-transfer fraud, answering for money lost to a deception like this, alongside the response and any liability. Not every cyber policy includes it, which is exactly why it is worth checking.
Placing it in Andover with Apex
We make sure funds-transfer and social-engineering cover is actually on the policy, because it is where real money is lost. Apex works through one named broker and a wide market. FCA authorised, since 2009.
Related
Get the right commercial cover, placed by a named broker
Tell us about your business and we’ll place it on the specialist market — or leave your number and a named broker calls you back, usually the same working day.