Award-winning Cyber Insurance
Cyber insurance provides financial protection for businesses against modern digital risks such as data breaches, hacking incidents and malicious cyber crime attacks on computer systems and networks.
Cyber attacks are the fastest-growing threat to modern businesses, with billions of attempts by hackers every year. As businesses rely on IT security and systems to manage most, if not all, of their critical business systems, our cyber security insurance policies protect your IT infrastructure against loss or damage as a result of a successful hack.

Our Cyber insurance policies
Our insurance policy offerings are aimed at two distinct market sectors: innovative and bespoke solutions for global/multi-national entities; and comprehensive, turnkey solutions for retail brokers, insurers and managing general underwriters. With direct access to the cyber insurance underwriters, your core business operations and threats to them can be properly addressed in the resulting solution.
The Canopius Cyber team, based in London and other international hubs, has nearly 40 specialist and dedicated in-house cyber professionals. Our professionals work together to ensure holistic strength in risk assessment and cyber risk management to build the perfect insurance cover for your business.
How much does Cyber insurance cost?
At Canopius, we believe in fair and honest pricing. The cost of Cyber Risk insurance coverage varies based on the level of coverage you choose, the nature of your business, and the risks involved.
Our pricing is competitive and data-driven. We work with you to find a cyber protection solution that fits your budget and provides the cover you need.
We’re cyber specialists in the following industries and sectors
We insure businesses across the spectrum, in respect of their cyber exposure, for up to $25 million (USD) per risk in aggregate and $25 million (USD) for delegated authorities and binders.
Our portfolio comprises:
- Full 1st and 3rd party cyber insurance cover
- Non-physical business interruption coverage
- Remediation costs, including any fines and penalties
- Network security liability
- Breaches of privacy liability, including data breach insurance
- Technology errors and omissions
- Social engineering coverage
- Physical damage caused by cyberattacks
- Aviation
- Financial institutions
- Healthcare
- Manufacturing
- Retail
- Technology
- Utilities
- Fair & honest pricing: competitive, data-driven, and transparent.
- Tailored solutions: we thrive on complex, unique risks and write policies specifically for your business.
- 24/7 incident response: our Cyber Incident Response Team acts within two hours, managing crises with expert partners in forensics, legal, PR, and ransomware negotiations.
- Fast claims support: initial assessments within five days, with a dedicated adjuster for seamless resolution.
- Specialist expertise: our in-house, cyber-only team ensures top-tier resources when you need them most.
Small, medium and enterprise-level businesses
Businesses of all sizes face digital threats. From SMEs to large-scale enterprises, cyber security insurance is critical to mitigating potential risks.Industry-specific considerations
Certain industries, such as healthcare, financial services, and manufacturing, face heightened cyber risks due to sensitive data and operational dependency on IT systems.
Common exclusions or restricted industries
Currently, we do not accept risks from Iran, North Korea, and Cuba, or industries that operate outside our licensing agreements.
Currently Canopius will accept risks from all international locations except Iran, North Korea, and Cuba.
Case Studies: how we apply practical innovation to our cyber insurance packages
Quick thinking and swift action saves the day
One of our clients noticed some unusual activity on their accounts. Various funds were being misdirected and had escalated into a five figure sum – a huge loss for any small business. This cyber incident required immediate attention.
Created to project-manage a crisis like this, our inhouse Cyber Team were immediately on the case. After listening intently, it was clearly a key logger attack. Someone had gained unauthorised access to their system and automated small payments were being redirected. While on the call, we noticed the client was actually under another attack… but with expert, IT forensics this latest attack was rapidly intercepted.
We isolated the client’s systems, securely changed their passwords and removed the malicious software, thereby providing a practical, innovative cyber incident response to an urgent security problem.
The attack could have been catastrophic but our swift actions minimised the impact on their business, reduced the claims pay out and saved them from costly renewal expenses. Additionally, our client had cyber insurance, which helped cover the losses and manage the recovery process efficiently. We also helped to futureproof the client from further attacks by outlining improved safety measures and automated software updates.
It’s crucial for businesses to have comprehensive cyber security insurance to protect against potential threats and ensure they are prepared for any future cyber incident.

Setting a new standard for cyber-risk modelling
Outside-in scanning scores risk vulnerability against real businesses; however, they varied between providers. We collaborated with leading providers and conducted the market’s largest-ever data study across more than 42,000 risks, incorporating cyber-risk modelling to enhance accuracy.
Working together with providers allowed us to pull together the largest study with our own claims data. This gave us a true score, standardised a pricing model and supplied clients a quantifiable understanding of the risks they face through advanced cyber-security-risk modelling and threat modelling techniques.
True risk modelling and fair pricing just makes sense; it’s a practical solution for our clients. If you have any queries about our cyber risk modelling, feel free to contact us.

Experts in crisis management
Our team responded to a client who logged in and saw any business’s worst nightmare: encrypted files alongside a ransom note! The note demanded that the client make contact in order to receive the decryption key.
Our team arranged to bring in our expert panel vendors to assess the situation and get our clients systems fully operational as soon as possible. For an incident such as this, that means a digital forensics team to investigate how the threat actors breached the system and how to close that security gap so that it cannot be exploited in the future, a ransomware negotiation team to handle communications and a legal team to provide guidance.
Whist ransom negotiations started, the forensics team assessed backups and began to recover files. Meticulous backups ensured operations could resume quickly and avoided ransom payments.
Our team are expertly trained crisis managers. When our clients are faced with incidents like this, our team is on hand to be focussed with a clear action plan, while remaining calm and in control.

Speak to one of our specialist underwriters


















FAQs
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At Canopius, we offer Cyber Risk Insurance coverage that can cover businesses for up to $25 million (USD) per risk. The level of Cyber Insurance you need depends on several factors, including the size of your business, the nature of your data, your industry sector, and the potential risks you face. We cater to a broad range of industries, and our underwriting process is tailored to your specific business needs, ensuring you get the right level of cyber protection.
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Businesses in:
- Aviation
- Financial institutions
- Healthcare
- Manufacturing
- Retail
- Technology
- Utilities
All of these businesses need cyber insurance to protect against cyber security threats like cyber attacks, data breaches, and business interruption.
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Yes, it provides financial protection against cyber attacks, data breaches, and business interruption coverage. It enhances cyber security by covering network security liability, privacy breaches, and remediation costs.
Canopius offers tailored solutions and competitive pricing to address specific cyber security needs and business interruption concerns. Talk to one of our specialists now.
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Without cyber insurance, businesses are exposed to significant financial losses from cyberattacks, including legal fees, remediation costs, and reputational damage.
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Policy limits should reflect the scale of your operations, the nature of your data, and the financial risks posed by potential cyber threats. Our cyber insurance underwriters will work with you to establish appropriate coverage.
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Beyond having a comprehensive cyber insurance cover, businesses should invest in robust cybersecurity practices, regular employee training, and proactive risk management to minimise exposure.
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