Cyberattacks on UK business rocketed by over a fifth last year leaving firms with a whopping £1billion bill – industry experts say.
That’s a massive impact on companies up and down the country.
It not only leaves businesses out of pocket but can even make productivity grind to a stuttering halt.
The unseen enemy can do all this without picking a lock, smashing a window or climbing a fence.
Cybercrime is big business and with good reason. Headlines have been dominated by the attacks in recent times – from TalkTalk to the NHS, it seems no one is safe.
The Cyber Risk Survey Report last year revealed 81 per cent of larger companies and 60 per cent of SMEs were affected by a cyberattack in 2014.
Companies rely more and more on the internet for communications and transactions, but that leaves people vulnerable to cyberattacks.
It’s essential to have the best internet security in place as the last line of defence to your customers, records and other vital data. But what about plan B? That’s where insurance comes in!
A typical policy would cover damages and protect losses caused by a loss of business.
Business Interruption Insurance can help with the financial ramifications of not being able to operate business-as-usual for a period of time.
This safety net, as well as helping cover the costs of lost business, can also help curb the costs incurred through and helping to cover unexpected costs such as temporary office location or replacement equipment.
Insurance won’t stop these attacks happening, but they may just help bosses sleep easier at night knowing a level of protection is in place to help their finances and employees.< BACK
Gravity provided us with sound advice from the outset and have put together an insurance package that protects all aspects of our business activities. The team at Gravity are always responsive whenever we have a query and we wouldn’t hesitate to recommend them for your insurance requirements
I have built a strong business relationship with Dale and his team at Gravity Risk Services. He is always willing to advise my clients on insurance matters, and I look forward to working with him for many years to come.
I have worked with Dale over a number of years as an Insurance Broker. I have always found Dale to be forward thinking for the needs of the client and focused on the cost .v. benefit of any given policy as well as aspects over all. Dale had an excellent approach in his work and took time to explain details in an appropriate way. I would recommend Dale without hesitation and would trust he would provide an excellent, professional support to any business.
If I have any enquiries relating to commercial insurance, Dale is the first person I turn to. He is a fountain of knowledge, very professional and great company. I would always be happy to recommend him to friends and clients alike