Analysis

Brokers have ‘key role’ to unlock cyber cover options for SME market

By Trevor Hemsley 2022-10-24T16:58:00

cyber attack (4)

Generalist, High Street and regional brokers must not ‘shy away’ from client conversations around cyber cover if penetration of this type of insurance is to improve

Increased usage of computers for homeworking and a definite uptick in digital overseas threats since Russia invaded Ukraine this February have helped small and medium-sized enterprises (SMEs) become more aware of the dangers of ransomware attacks, malicious viruses and other forms of e-crime.

This has sharply increased the demand for cyber cover, which provides both insurance protection and access to experts to help get the targeted business back up and running following a cyber attack.

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