Small businesses often assume cyber insurance is built for large corporates with big IT budgets. It is not, and small businesses are frequently a more attractive target precisely because their defences tend to be weaker.
Small business cyber insurance covers the same core risks as any cyber policy, data breach costs, business interruption, incident response, but is typically priced and structured for lower revenue and simpler IT setups, often starting from a single employee.
Why size does not mean safety: Attackers frequently target smaller businesses precisely because they assume, often correctly, that security controls are weaker and there is no dedicated IT security team to respond quickly. A significant share of UK small businesses report a cyber breach or attack within any 12-month period.
Enterprise cyber policies often bundle in extensive risk management consultancy and large-scale monitoring services genuinely built for bigger IT estates. A small business with a handful of laptops and a cloud-based system does not need, and should not be paying for, that scale of service.
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