Importance of broker advice on cyber cover
In the UK, research underlines that over a third of UK companies have been exposed to security breaches or attacks in the past year. A report by Department for Digital, Culture, Media & Sport outlined that 32% of companies identified security breaches in the last year alone. The report also highlighted the need for broker recommendation as a motivator for companies to invest in cyber insurance policies.
On average the yearly cost for companies that experienced a loss in their assets and/or data during breaches was £4000. For larger organisations this rose to £9000.
We at KGJ Insurance have years of experience when it comes to finding the right cyber cover for companies. If your business is looking for advice on cyber insurance please contact us on
01902 796 796.