Cyber

What can the Jaguar Land Rover incident teach manufacturers about cyber insurance and the long-lasting damage that can spread far beyond the organisation at the centre of the crisis?

The manufacturing sector is entering a period of intense pressure and rapid change. Cyber cover has become a vital tool in protecting resilience and competitiveness.

A recent case study from the care sector has highlighted just how devastating cyber incidents can be, causing widespread disruption to care delivery and serious financial loss.

Cybercrime isn’t a distant threat—it’s a daily reality for UK businesses. With the UK government reporting that half of UK businesses experienced a cyber-attack in the past year, we are urging businesses to review their cyber security contingency plans and explore the protection cyber insurance can offer to mitigate potential financial and operational risks.

Here, we provide a guide for those looking to protect their business from the very real and prevalent cyber risks of today’s digital world, outlining some of the key things to consider when arranging a cyber insurance policy.

Businesses are 5 times more likely to have a cyber claim than a fire claim in the UK and 50% of businesses have reported they experienced some form of cyber security breach or attack in the past year.

We share a successful outcome for one of our rural clients who experienced the destruction of their shelter pens due to the severe weather conditions of Storm Isha. After the insurer initially declined pay out of the client’s claim, McClarrons challenged the decision and were able to help our client obtain a settlement to replace their shelter pens.

After a CEO’s email account was hacked, a care home faced huge financial losses from a social engineering cyber attack.

A haulage firm lost several large tax payments after their accountant’s email was spoofed. Read our Cyber insurance case study.

Government figures released in April 2023 show that four in ten businesses and two in ten charities suffered a cyber breach or attack in the previous 12 months*.