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Cyber insurance

Protect yourself, your business and your customers, with cyber insurance to safeguard your reputation and minimise financial harm

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  • Receive immediate support from a 24/7 response team
  • Protect your brand with reputation and damage support
  • Costs to notify impacted customers and third parties covered
  • Cover for data loss and restoration plus decontamination and recovery
  • Cover for regulatory investigations
  • Eligible Wesleyan members get 20% off

On this page

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Why do you need cyber insurance?

Any business that holds electronic data is at risk of data breaches and cyber-attacks.

A single attack can lead to severe financial losses, operational disruption, and legal penalties due to growing data privacy regulations.

Cyber insurance provides a safety net, covering costs from data breaches, ransomware, and legal fees, ensuring rapid recovery and business continuity.

It also gives you access to expert legal guidance, helping you to navigate compliance and protect your reputation.

At Wesleyan Financial Services, we’ll find cover for you from our panel of selected providers, explain the small print, including limits and exclusions, and talk you through the claims process.

What's the impact?

Whether you’re responsible for holding sensitive customer data or you have important internal files for your eyes only, there can be a lot at stake if you suffer a breach.

43% of businesses reported a cyber security breach or attack

74% of large businesses experienced a cyber breach or attack

Phishing was the leading cyber crime, impacting 93% of businesses in 2024

An estimated 19,000 businesses experienced a ransomware crime in the last 12 months

20% of businesses have been victims of at least one cyber crime in the past year

The average cost of the most disruptive breach for businesses is £3,550

The Official Cyber Security Breaches Survey 2025 from the Office of National Statistics*

*Survey carried out August to December 2024.

What does cyber insurance cover?

Costs following a cyber incident

Costs associated with investigating and responding to a cyber incident. This can include IT forensics, legal counsel, public relations, and notification to affected parties.

Digital asset cover

Covers the cost of loss and damage to data and software. Including expenses to restore or rebuild data lost or corrupted due to a cyberattack.

Network downtime

Covers loss of income and extra expenses incurred due to a cyber incident
disrupting business operations and causing network downtime.

Reputational damage control

Protects your business against loss of revenue caused by brand reputation damage. You’ll receive PR and legal assistance to manage the incident itself.

Support when a breach occurs

Access to a team of digital experts who will support you with forensic investigations and notifying customers and regulators.

Cyber crime extension

Extend your cover to protect against social engineering, theft of personal funds, cyber extortion, ransomware attacks and unauthorised use of computer resources through cryptojacking or botnetting.

Costs associated with investigating and responding to a cyber incident. This can include IT forensics, legal counsel, public relations, and notification to affected parties.

Covers the cost of loss and damage to data and software. Including expenses to restore or rebuild data lost or corrupted due to a cyberattack.
Covers loss of income and extra expenses incurred due to a cyber incident
disrupting business operations and causing network downtime.

Protects your business against loss of revenue caused by brand reputation damage. You’ll receive PR and legal assistance to manage the incident itself.

Access to a team of digital experts who will support you with forensic investigations and notifying customers and regulators.
Extend your cover to protect against social engineering, theft of personal funds, cyber extortion, ransomware attacks and unauthorised use of computer resources through cryptojacking or botnetting.

What's not covered?

  • Breach of professional duties
  • You won’t be covered if a breach occurs, and you’re found to be at fault. For this type of cover, you’ll need professional indemnity insurance.

  • Pre-existing problems
  • This includes known threats, breaches or weaknesses in your security systems.

  • Breaches caused by employees, directors or partners
  • Breaches caused by poor systems, processes or recklessness

  • System degradation or performance
  • Problems caused by the poor operational performance of digital devices.

  • Any incidents arising from war
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Free cyber risk assessment

At Wesleyan Financial Services we offer a free cyber risk assessment report. With just a few details, we can detect any vulnerabilities across your systems and recommend next steps tailored to your needs.

When you’re ready to get a quote, we’ll reach out to our panel of leading UK cyber insurers. Our team will help you choose a level of cover that’s right for your company. We’re also here to support you if you need to make a claim. And if your head count grows or you change direction, you can adjust your cover to suit your changing needs. We can even arrange a free video or on-site appraisal to assess your new requirements.

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Already a Wesleyan member? Save 20% on insurance

Eligible Wesleyan members receive an exclusive 20% discount on the cost of their cyber insurance policy. Find out if you’re a member.

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Important information

Things to know before you apply

Limits, exclusions and charges do apply. Full terms and conditions of the policy and cover, including the policy benefits and exclusions, will be contained in the Policy Wording and Policy Summary. Risk must be acceptable to underwriters at normal terms.

Wesleyan Financial Services Ltd is a broker and the insurance products we arrange are provided by a number of insurers, for which we normally receive a commission.

Key documents

Before you apply for cover, you should read the following documents:

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Ready to get your cover?

Get in touch with us below to claim your free cyber risk report and to get a quote.

Opening hours are Monday to Friday 9am – 6pm and Saturdays 9am – 1pm
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Frequently asked questions

Any business that works with electronic data could benefit from cyber insurance. Data you hold is at risk of being breached by a cyber-attack, meaning you’ll need to pay any fines or recovery costs that occur as a result.

These costs could be above what your business can afford, which is where cyber insurance offers that much needed financial support. Generally, cyber insurance is designed to protect your business from these primary risks through network security and privacy liability, network business interruption and more.

If you aren’t sure whether cyber insurance is right for your business, you can speak to one of our insurance experts. They’ll be able to assess your business needs and find the right policy for you.

As cyber insurance is tailored to your business, how much you might pay depends on a few factors, including:

  • The level of cover you need
  • The types of risk your business faces
  • The size of your business (staff and turnover) and industry
  • The number of data items you hold (including sensitivity of data)

We can provide you with a quote once we’ve carried out your cyber risk assessment.

Understanding the most common cyber crimes will help you recognise the risks your business faces. Some cyber-attacks, like phishing, could slip under the radar. That’s why it pays to be prepared:

Phishing

Phishing is where attackers attempt to trick people into revealing sensitive information or installing malware. It’s often done through emails to your employees, under the guise of a legitimate communication. According to the Official Cyber Security Breaches Survey 2025, phishing was the most common cyber crime last year.

Malware

More commonly known as a computer virus, malware is a programme or code that a hacker attempts to insert into your computer systems. It can be used to extract private information or extort the victim for money. Malware is often a by-product of phishing.

Denial of service

This attack aims to render a machine or network temporarily or permanently unavailable to the user. If a denial-of-service attack happens to your business, you may not be able to operate as usual, losing you time and money while you work to recover your systems.

Social engineering is a type of cyber crime that relies on human error and weakness to be successful. It involves manipulation tactics, typically used to get the target to download unsafe files or malware, reveal private information or visit dangerous websites.

Phishing is a part of social engineering, as is business email compromise. With the latter, scammers will either gain access to legitimate business email accounts or create new communication methods to impersonate employees and trusted vendors.

They’ll often use impersonation tactics to trick the recipient into revealing sensitive company data or giving them access to company systems.

We can find cover for businesses across a range of industries, including:

  • Medical and dental
  • Legal
  • Education
  • Accountancy
  • Architecture
  • Consulting
  • Media and advertising
  • Telecoms and technology

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Get a quote for cyber insurance

Complete the short form below and a member of the insurance team will call you back to discuss your quote.

Already have a cyber insurance policy with us? Existing customers should contact us here.

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Do you collect, process, store, transmit, or have access to any Payment Card Information (PCI), Personally Identifiable Information (PII), or Protected Health Information (PHI) other than employees?
How many PII records do you collect, process, store, transmit, or have access to?
What is the estimated annual volume of payment card transactions (credit cards, debit cards, etc.)?
Please select limits of cover you require quotes for
Do you require cyber crime coverage?

Rest assured, the security of your personal data is very important to us. You can see how we protect your information by visiting our privacy page.