Cyber Insurance
Cyber Insurance is a cyber insurance product underwritten by AXA UK (AXA group (France)), available in UK. It is aimed at micro-companies and sole traders and small and medium-sized businesses. Coverage limits reach up to Up to £1M (SME); bespoke for larger risks.. Policyholders get 1 bundled proactive service — Incident response — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A+ (Superior) – AM Best. The product signals support for NIS2/DORA regulatory requirements. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- AXA Cyber Insurance: SME cyber product for UK market.
- Coverage: data breach response, BI loss, cyber extortion/ransomware, data recovery, GDPR and UK GDPR notification costs, third-party privacy liability, legal costs.
- AXA group cyber infrastructure: access to European incident response network.
Limitations
- SME-focused product.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Insurance designed for?
Cyber Insurance by AXA UK targets micro-companies and sole traders and small and medium-sized businesses in UK. Geographic scope: EU / EEA..
+What proactive security services are included with Cyber Insurance?
The policy bundles 1 proactive service: Incident response. These preventive services are typically included in the premium.
+Does Cyber Insurance help with NIS2 or DORA compliance?
AXA UK indicates the following NIS2/DORA support for this product: UK Cyber Security and Resilience Bill advisory included..
+How can I buy Cyber Insurance in UK?
Cyber Insurance is sold through insurance brokers — broker contact: https://www.axabroker.co.uk/. Compare it with alternatives in UK on Ryskly before approaching a broker.