Understanding cyber insurance

June 19, 2025

With 30% of charities identifying a cyber attack in the past year, cybercrime is a real, growing risk for the voluntary and community sector. That’s why it’s more important than ever to understand what cyber insurance covers - and what your organisation can do to prepare. Our trusted partners at Access Insurance have created a helpful guide for NAVCA members, breaking down the essentials of cyber insurance and what to consider when thinking about cover.

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Cybercrime is still a prevalent risk for charities as well as other organisations. 30% of charities said they identified a cyber attack in the last 12 months (Cyber Security Breaches Survey 2025). Cyber insurance is a type of insurance that aims to help cover the expenses associated with recovery efforts from a cyber breach, including consulting, legal, and advisory services.

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Policy wordings change regularly due to the evolving and emerging nature of cyber risks, but insurers typically offer cover for the following:

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  • Privacy breach response: This covers the costs associated with a data breach, including notification and credit monitoring for affected individuals as well as forensic investigations and services.
  • Business interruption: This covers the losses incurred as a result of a cyber attack that disrupts your operations.
  • Cyber extortion: This covers the costs associated with responding to a ransomware attack.
  • Liability: This covers the costs associated with legal action taken against your organisation due to a data breach. ICO issues penalties and fines for data protection failures.
  • Crisis management: This covers the costs associated with managing the fallout from a cyber attack, including public relations and crisis management.

Access Insurance, Chartered Insurance Brokers to the third sector, have provided NAVCA members with a short guide on understanding cyber insurance, what it does and some of the underlying cyber risks, vulnerabilities and damages that charities should be aware of.

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NAVCA members can download their copy by logging into the NAVCA website.

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‍If you're part of a VCSE organisation, ask your local NAVCA member to download the guide and share it with you. Find your local NAVCA member here.

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