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Cyber Insurance - Not Business Too Small

According to Sky News, “Jaguar Land Rover (JLR) 'failed to finalise' a cyber insurance deal before it was struck by hackers last month, forcing a halt to production and threatening the future of its supply chain, according to an industry journal.” - Please click here to read the article🔒 No company is too big or too small to be targeted by a cyber-attack.

It is being reported that Jaguar Land Rover now face footing the bill for their recent cyber-attack due to not having their cyber insurance in place.

💭 Could your business afford to cover the costs if you were attacked by cyber criminals?

As an insurance broker working with businesses every day, here are three key takeaways:

1️⃣ Don’t delay cyber cover negotiations.

Your policy needs to be active before anything happens, not during. Waiting for “the right moment” is a risk you can’t afford.

2️⃣ Tailor your cover to your risk profile.

Cyber insurance isn’t one-size-fits-all. Whether it’s data breaches, ransomware, business interruption, or regulatory costs — cover must be shaped around your systems, clients, and supply chain.

3️⃣ Review and test your defences continually.

Insurance is vital, but it’s not a silver bullet. Cyber hygiene, regular audits, incident response plans, backups, and staff training all reduce both risk and impact.

If even a household name like Jaguar Land Rover can stumble, your business could be next — unless you act now.

📩 If you’d like a no-obligation chat about whether your current cyber cover is fit for purpose — or if you’ve not arranged cover yet — please get in touch!