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There is a new offering on the market in the fight to get businesses back up and running after cyber crime.
QBE Business Insurance has launched what it describes as an “innovative e-trade product” to support SMEs as cyberattack threats expand.
The firm pointed out that over half of the UK’s small and medium-sized firms have faced at least one cyber breach in the last 12 months – and now QBE Cybercrime has been launched on Acturis to help tackle that threat. It has been developed in partnership with insurance brokers and includes: cyber cover, crime cover and business interruption cover within one policy; cover for social engineering fraud to provide reassurances for the increasing risk of impersonation fraud; and 24hr specialist data breach support to get businesses back up and running.
“The SME sector is the backbone of the UK economy,” said Dave Greaves, head of SME at QBE. “At a time when businesses are facing an increasingly greater threat from cyber, exacerbated by the implementation of the GDPR, it is important that SMEs have insurance cover in place that is tailored to fit their needs and is straightforward for brokers to purchase on their behalf.”
