Cyber insurance for Manchester businesses
Manchester's large consumer, digital and financial businesses hold data on huge numbers of people, and a breach affecting them can draw more than a regulator. It can draw the lawyers, and the crowd.
Where the risks come from for Manchester businesses
After a large breach, the affected individuals can bring claims together, group litigation on behalf of thousands, seeking compensation for the loss of their data. The scale of such a claim, across a vast affected group, can dwarf the cost of the technical response.
A Manchester example
A breach at a large Manchester business exposes data on many thousands, and a group claim is brought on behalf of those affected. Cyber cover's liability section meets the defence and any settlement of the group litigation, an exposure that scales with the number of people involved.
What cyber insurance covers
Cyber cover's third-party liability must be sized to the prospect of group litigation after a mass breach, not just individual claims. For a business holding data at scale, that liability cover is central.
Placing it in Manchester with Apex
We size the liability cover to the group-litigation exposure a mass breach can bring, not just single claims. Apex arranges cyber cover through one named broker. Regulated by the FCA; established 2009.
Related
- Business insurance Manchester
- Ransomware and professional firms
- Cyber insurance for professional firms
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.