Understanding cyber insurance

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.

‍

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.

‍

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

‍

• 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.

‍

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

‍

‍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.

‍