Cyber Essentials and Cyber Liability Insurance
This only applies to UK organisations.
Any organisation with less than £20 million turnover that achieves Cyber Essentials is entitled to cyber liability cover, for claims up to £25000. This is a thank you for making your systems safer, and less likely to be hacked... and therefore less likely to make an insurance claim. In short, it means you are "lower risk". This is backed up by statistics that show that those with Cyber Essentials are 93% less likely to make a claim.
For a microbusiness, £25000 cover may be adequate. If it is a small business that is part of a supply chain, the liability could turn out to be higher. Insurance premiums can easily be extended at modest cost, to provide greater cover.
Other Products and Services from Regola Digital Consulting
Cyber Essentials Certification (Small Business 11-50)
Cyber Essentials Certification and associated Cyber liability insurance for the small business.
Fixed cost £528
Cyber Essentials Consultancy & Certification
This certification is suitable for all organisations, of any size, in any sector.
As well as helping to guard your organisation against cyber attack, Cyber Essentials demonstrates your commitment to cyber security to your customers and suppliers.
Preparation for Cyber Resilience
The Department of Science and Information Technology (DSIT) has recently released a code of practice for organisations who wish to be Cyber Resilient. Cyber Essentials Plus, whilst very welcome, focuses on technical controls, and is not sufficient on its own.
Whilst DSIT cannot recommend particular commercial product, they have done mapping exercises for the code of practice against both IASME Cyber Assurance (ICA). They have found that both do fulfill their requirements for cyber resilience (both require relevant management and user controls, as well as technical controls).
ISO27001 is designed for larger organisations, and Regola would always recommend that an organisation with sufficient resources should aim for this "gold standard".
However, for smaller organisations, ICA (particular at L2) would be sufficient for smaller organisations seeking cyber resilience.
Regola's experienced staff provide consultancy for organisations wishing to be Cyber Resilient.
Regola Digital Consulting
Office 1.19, Torbay Business Centre, Lymington Road, Torquay, Devon, TQ1 4BD, United Kingdom
Regola are an NCSC approved Cyber Essentials Certification Body We offer a cost-effective service, based on many years experience of offering expert advice to SMEs so they cover the basics of technical security. We specialise in UK Government's Cyber Essentials (CE) and have assessed over 150 clients. As an accredited Certification Body for both CE and CE+, and IASME Cyber Assurance, we offer customised guidance to help businesses achieve valued cyber security certifications to assure partners and clients. The Cyber Essentials scheme also provides free Cyber Liability insurance up to £25000 for smaller UK companies who achieve certification. It is especially beneficial for SMEs aiming to secure government contracts or reassure clients that their information is well-protected.