Cyber insurance for Peterborough businesses

Peterborough's insurance and financial businesses know policies better than most, and one question trips up even them: when money is stolen electronically, which policy pays. The line between cyber and crime cover is not always clear.

Where the risks come from for Peterborough businesses

When funds are stolen through a cyber attack or fraud, the loss can fall between a cyber policy and a commercial-crime or fidelity policy, each of which may cover part of it, or point at the other. A gap or an overlap between the two can leave a business arguing over a loss instead of recovering it.

A Peterborough example

Funds are stolen from a Peterborough business by electronic fraud, and its cyber and crime policies each treat the loss differently. Arranged together, with the boundary understood, the two respond cleanly; arranged in isolation, the loss can fall into the gap between them.

What cyber insurance covers

Cyber cover and commercial-crime cover overlap around electronic theft of funds, and they should be arranged together so a loss does not fall between them. Understanding the boundary is part of getting the cover right.

Placing it in Peterborough with Apex

We make sure a business's cyber and crime covers fit together, so a stolen-funds loss is met rather than disputed. Apex arranges cyber cover through one named broker. Regulated by the FCA; established 2009.

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