The impact of a cyber incident in a small or medium sized business could be significant and in extreme cases even lead to insolvency. SME’s and middle market companies often handle the same types of data and sensitive information as larger companies, albeit on a smaller scale. They store employee details, take payments, and collect consumer data. But, without the same security infrastructures that big businesses have in place, SME’s and middle market companies can often be more vulnerable to cyber-attacks.
A robust cyber insurance policy can help smaller businesses recover from cyber-attacks which often result in substantial financial losses arising from: theft of personal data, theft of corporate information, theft of financial information (e.g. bank details or payment card details) or theft of money.
For SMEs and middle market companies, generic cyber solutions often overlook the nuanced vulnerabilities specific to these businesses.
Our WTW Continental Europe Cyber Facility is engineered to address such gaps, offering protection that is relevant to the scale and nature of your operations.
Features for your business
Our cyber facility provides critical cyber insurance tailored for SMEs and middle market companies across Continental Europe. Our facility is designed to provide extensive protection against a wide range of cyber risks, ensuring that your business is well-prepared to handle the complexities of today’s digital threats.
Our facility spans from ransomware attacks and data breaches to telephone hacking and reputational damage, ensuring your enterprise remains resilient in the face of cyber adversity.
Breach response
Rapid deployment of expert services to manage and mitigate data breaches or security breaches, ensuring minimal disruption to your operations.
Business interruption and dependent business losses
Comprehensive compensation for your lost income and operational downtime, as well as business losses stemming from disruptions to your partners or suppliers.
Cyber extortion and data recovery
Ransomware cover and meticulous recovery of lost or corrupted data (where legally insurable).
Advanced threat protection
Security against modern threats including telephone hacking and IT crimes, safeguarding your financial and reputational standing.
Simplified insurance structure for ultimate peace of mind
Our cyber facility is devoid of complex quota share or coinsurance clauses, offering you:
- Predictable costs: No hidden fees or unexpected out-of-pocket expenses.
- Faster claim processing: Direct, uncomplicated claims handling by WTW, ensuring prompt and efficient resolutions.
- Full value from your policy: Maximum benefit from your coverage, allowing you to focus on what matters — growing your business.
Who we serve
Our cyber protection solution is available for companies in Continental Europe with annual turnovers up to €500 million. This broad threshold ensures that a wide range of businesses, from emerging enterprises to more established companies, can benefit from our comprehensive facility.
For companies with turnovers exceeding €500 million, WTW provides customized cyber protection solutions to meet your specific needs. We invite you to contact us to discuss bespoke cyber insurance options that align with your business scale and complexity.
Coverage territories: Our facility spans major countries in Continental Europe, including Denmark, Sweden, Norway, Finland, Belgium, the Netherlands, Luxembourg, Spain, Portugal, Italy, France, Ireland, Switzerland, Germany, Austria, and Poland.
Choose the WTW Continental Europe Cyber Facility for tailored, clear, and effective cyber insurance
With WTW's Continental Europe Cyber Facility, you're not just choosing cyber insurance; you're opting for a partnership that prioritizes your business's security, resilience, and continuous growth. Embrace the future with confidence — protect your business with this new facility.
