Blog, Cyber - September 18, 2023
Cyber And Data Insurance: Proactive Benefits
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Here at RiskBox, we always try to help our clients understand the benefits of Cyber and Data insurance in the event of a breach or incident, advising them to take full advantage of everything insurers provide for them.

This doesn’t just mean ensuring they get paid out for any valid aspect, it also includes utilising the risk-management processes insurers offer. Forward-thinking insurers now provide additional policy benefits aimed at minimising risks and fortifying your cybersecurity posture.

We carefully select which insurers we use when recommending Cyber and Data cover, and these risk-management services are a key part of our recommendation selection process. This blog will explore some of these proactive measures, ranging from vulnerability assessments and employee training, to incident response planning and cyber risk consulting.


What services are offered?

Risk assessment

Some insurers provide templates to assess your cybersecurity vulnerabilities, conduct thorough risk assessments, and provide recommendations to enhance your security measures. This helps you to identify and address potential weaknesses before they’re exploited by cybercriminals.

Enhanced cybersecurity measures

Insurers can offer guidance and expertise on implementing robust cybersecurity measures, such as firewalls, encryption protocols, and intrusion detection systems. They can also provide policyholders with access to cybersecurity tools and resources to bolster their defences against evolving threats. It’s important to note that certain security measures are a policy requirement.

Employee training and education

Employees are the weakest link in any company’s cyber defence. Insurers can assist in educating your employees about cybersecurity best practices and raising awareness about common cyber threats. Training plans and workshops can help employees to understand their role in maintaining a secure digital environment – for example, knowing how to spot phishing attempts or social engineering attacks – reducing the likelihood of human error leading to a breach.

Incident response planning

Insurers can aid in developing incident response plans, detailing the steps to be taken in the event of a cyber incident. This includes establishing communication channels, engaging forensic experts, and coordinating with legal counsel. Prompt and effective incident response can help to mitigate damages and minimise the impact on the policyholder’s operations.

Dark web monitoring

By keeping a close eye on the hidden corners of the internet where cybercriminals trade stolen data, insurers can help policyholders stay one step ahead of potential threats, enabling swift action to protect sensitive information, minimise damages, and bolster their overall cybersecurity defences.


Why do insurers offer these services?

Although it genuinely benefits everyone, it isn’t purely altruistic from insurers. By offering these risk-management services, insurers demonstrate their commitment to creating a more secure digital environment, potentially reducing the financial impact of cyber incidents. And of course, the more they protect you, the insured, the fewer claims they have to pay out.


What should you do next?

We see first-hand how the threat of cyber breaches and cyber crime has grown among organisations. And with the majority of businesses currently operating remotely, there’s an even greater risk.



If you’d like to discuss a new Cyber & Data policy, or review your existing plan, call us today on 0161 533 0411 or email

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