Cyber Insurance for Mid-Market and Corporate Offices
Safeguarding finance and reputation in a digital world
Within the realm of mid-market enterprises, where revenues range from £50 million to £1 billion, the spectre of cyber threats looms large. A 2024 report from the ANS Group found that cybersecurity was the top concern for mid-sized UK enterprises, with 43% fearing potential hacks and cyber attacks.1 The ever-evolving threat of digital crime can present a greater risk than just financial loss for companies, too. A cyber incident can expose them to reputational damage that ultimately puts their livelihood at risk.
Travelers understands the reality of these risks, so we offer a comprehensive corporate cyber insurance policy aimed at both prevention and recovery. Our holistic service commitment includes a dedicated claims handler and invaluable support from breach coaches. With a Travelers cyber policy, businesses will get vital help to operate confidently in a complex digital environment.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
- Accountants
- Construction
- Consultancy
- Financial institutions
- Hotels/restaurants
- Other professions
- Property/real estate
- Public administration
- Retail
- Solicitors
- Wholesale
We’ll consider
We may need more information to confirm a fit.
- Broadcasting
- Education
- Manufacturing
- Publishing
- Technology*
- Transport
* We have a dedicated global technology underwriting team who we work closely with in identifying specific appetite for the technology sector.
We do not cover
Sorry, we’re currently unable to insure the following.
- Corporate restrictions
- Crypto
- Gambling
- Healthcare
- Infrastructure
- Mining/utilities
- Payment processing
- Security/defence activities
- Streaming services
Travelers advantage
In a world of growing digital crime, cyber operations don’t always go to plan. Travelers offers expertise which mid-market and corporate businesses can count on to both prevent and address the evolving digital risks they face, thanks to a detailed and bespoke underwriting process.
- Financial strength. Financial strength and stability with international reach.
- Experience & expertise. Long-term industry experience combined with deep specialist underwriting expertise.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Dedicated risk managers & consultants. Access to risk consulting from trusted experts.
- HCL Technologies services. One hour of pre-breach consultation and free staff training for cyber policyholders.
- SentinelOne® platform. Access to SentinelOne platform for 60 days at no additional cost for current cyber policyholders.
- NetDiligence® eRiskHub. Access to the NetDiligence eRiskHub portal for policyholders and brokers.
- Cyber breach hotline. 24/7/365 access to a team of experts to respond fast to your breach needs. Tel +44 (0)800 587 8388 (press 2 for cyber).
- eTrade Product – MyTravelers®. Product is available to eTrade on the MyTravelers portal.
Mid-market & corporate cyber covers & highlights
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Forensic investigations
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Litigation expenses associated with the breach
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Regulatory defence expenses/fines
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Crisis management expenses
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Business interruption
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Cyber extortion
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Post-breach coverage
- Betterment
- Computer system improvement costs
- Betterment
Add-ons & extensions
These items may be available to add on to your policy
- Increase limits
- Policy endorsements
Related products
Technology
As the technology sector changes, insurance protection needs to evolve with it. Travelers can help anticipate potential risks so clients have more freedom to innovate.
Management liability
When losses and lawsuits pose professional and personal risks to a company’s leaders, management liability insurance can help them stay focused on running the business.
Professional indemnity
Businesses that provide professional advice or services to customers may face allegations of negligence. Professional indemnity cover can protect these companies from potential financial losses when defending against those claims.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
Cyber risk landscape
Breaches in sensitive information
A hacker obtains sensitive personal information from a business’s computer system. The resulting consequence being that the Information Commissioner’s Office brings a regulatory action against them.
With a Travelers cyber policy, this business would have the costs covered for responding to regulatory claims stemming from the data breach, including any resulting fines or penalties (where insurable by law).
Identity fraud
A fraudster hacks into a business’s internal processing system, resulting in names, addresses and National Insurance numbers for more than 50,000 of their customers being captured from the system, requiring a notification to all 50,000 customers.
With a Travelers cyber policy, coverage would include costs of delivering the notice to all impacted customers and to provide credit monitoring, a call centre and an ID fraud policy for impacted individuals.
Physical theft leading to data exposure
A business’s chief financial officer (CFO) has their laptop stolen. This laptop contains more than 100,000 customer records, including National Insurance numbers.
With a Travelers cyber policy, costs for hiring a public relations firm to mitigate negative publicity generated from the incident would be covered.
Hack of business processing system
A business suspects that a fraudster hacked into its internal processing system after the police notifies them of identity theft impacting a number of their customers.
With a Travelers cyber policy, coverage would include the cost of engaging a forensics provider to contain the breach and determine its scope, and legal costs to determine the insured’s notification obligations under relevant privacy laws. The business would also be provided with other services to assist them in responding to and managing the breach.
System hack leading to theft
An organised crime ring gains unauthorised access to a business’s accounts payable in their computer system and alters the bank routing information on outgoing payments. This results in a £100,000 transfer to the crime ring’s account.
A Travelers cyber insurance policy would reimburse the insured’s funds.
Inoperable computer system
A cloud services provider has their system infiltrated by malware, rendering it inoperable, resulting in a business being shut down for an extended period as they were unable to access their data.
Should this business have a Travelers cyber policy, they would have received payment for both lost income because of the disruption and expenses incurred to restore operations.
Malware attack damaging reputation
A business’s system is compromised by malware that permits an unknown third party to gain access to 100,000 customer records containing personally identifiable information. Following an investigation and notification to affected individuals, the local media runs an article about the event, damaging the business’s reputation.
With a Travelers cyber policy, the business affected would be indemnified for the lost income.
Insights & industry knowledge
Articles to help your ambition succeed
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