The Business Insurance Bureau

On the night all your data and money are stolen..

Electronic Burglary, Incompetence and Fraud

On the Night all your Data & Money are Stolen...

“This digital kid has just hacked your data, emptied your bank account and gained access to your systems, Cybercrime…”
The lack of footprints and fingerprints is disconcerting. All you know is your business is in deep trouble and you need help – now! There are client custody issues, data protection fines, business interruption, the loss of money and data – and of course, reputational damage.

There are many more questions than answers, but the most important one is, “how do we get through this?” The answer is – Insurance.

cyber insurance leaflet

Monday used to be Burglary Day

When Bob was a boy in the insurance industry, Monday morning was ‘burglary morning’. Every Monday all the burglary claims from the weekend would come in. But now, Bob says: ‘Monday is just Monday’.

Our efforts to protect our ‘physical assets’ – through installing remote passive systems, burglar alarms and CCTV – has hugely removed the incentive for the opportunist break-in. The man hours are colossal, and even if they do get through the wall, there’s another problem…

In a hugely consumerist society, everybody’s already ‘got one’: there’s no point in turning up down the pub with stolen goods. However, if the physical wall has now become a pointless target, the firewall is another matter.

Rise of the Digital Kids & Techonology

These days, the digital kids are looking for bigger hits. They’ve become skilled in ‘electronic burglary’ (or cyber-crime as it’s better known).

The invisible intrusion into your systems, stealing what money and data they can find to sell on to the highest bidder, or hold you to ransom. The fact you may have remote back up doesn’t matter – the information is out there in criminal custody  – the fines are penal, and your data can now be used against you.

Some criminals however, don’t need to break down the physical wall nor the firewall because they are already inside: part of the system. Every kind of fraud – false invoicing from third parties to staff collusion – costs business millions of pounds every year.

Let's make it cheaper, by doing it right

Thoughts on Security

No doubt TalkTalk thought their systems were secure, but a 15 year old from Northern Ireland was arrested in connection with hacking their systems – one of the largest attacks in UK history. Nearly 157,000 customers’ personal details were accessed, and more than 15,600 bank account numbers and sort codes were stolen, plummeting their share prices and suffering a £15m trading impact.†

Similar hacks happened to Greggs the Baker, Carphone Warehouse  – and even PC World were not immune.

Hacked systems can often lead to impersonation fraud – instructions from ‘management’ or ‘the bank’ to transfer money or reset passwords. A media company had an irrecoverable £350,000 stolen from its bank account, and a Scottish telecoms firm sent an astonishing £18m to criminals.

Still reeling from the cyber attack, TalkTalk also discovered that three customer support agents based in their India call centre appeared to be stealing personal data from subscribers and using it in scams.

Affiliated companies and commercial partners can be as problematic as hackers.

cyber insurance the business insurance bureau
Cybercrime & Small Business

And it’s not just the large corporations that have to be vigilant. A hairdressers in Glasgow said it had to pay out after it was attacked by hackers using ransomware. Hardly unique, a farming estate were held to ransom, their data stolen and website plastered in pornography.

Still feeling secure?

Standard insurance policies only cover physical burglary and the physical loss of cash. They don’t cover electronic burglary, third party or employee fraud.

But Bob does. Electronic burglary. Cybercrime. Commercial Crime. It’s all insurable. Now is the time.”

We have a true passion for reducing risk and ensuring the success of every business we work with, we pride our self on it, so please, pick up the phone today.

There are four GREAT, INDISPUTABLY UGLY TRUTHS about business insurance

We can help ease some of your biggest headaches! But before we do, let’s see how the four ugly truths about business insurance add to that list….

1.   Insurance companies dispute 50%*of all large claims from businesses.

2.  They do this for two reasons:

     a. breach of policy conditions (which you’ve never read or remembered)

     b. inadequate information disclosure (like if you forgot to tell them about the live entertainment)

3.   It takes on average three years to resolve a large disputed insurance claimǂ (if you can resolve it). Meanwhile, without cash flow, your business goes into administration.

4.  This is why 43%* of all businesses experiencing a disaster never recover – not because they have experienced a disaster, but because their insurance is a disaster!

0 %

large claims disputed


reasons this happens


years to resolve

0 %

businesses never recover

Let's make it cheaper, by doing it right

So, what’s the answer?

At the Business Insurance Bureau, we know that it’s not about how cheap you make it, but how you make it cheaper.

Bob the Broker’s business philosophy is called: Making it cheaper, by doing it right™

There is only one legitimate way to make your insurance cheaper: cutting down claims by controlling the risk.

That takes partnership, relationships, service commitment, expertise and ‘going the extra mile’.

To get your cyber quote started visit our ‘Get a quote’ page, or give us a call on the details below. 

Bob the Broker

Not ready for a quote? Read about our related products

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Who are The Business Insurance Bureau?​

The Business Insurance Bureau is a niche specialist underwriter and commercial insurance broker, defying conventional categorisation, comprising of a small number of gifted individuals forming a collective intellectual giant.

We have developed our own unique range of quality insurance products, which has given the business a competitive advantage in several areas. Being in control of the entire process, from enquiry to policy issue, has allowed our business to deliver service levels hitherto unimaginable in this sector, or indeed for a business of its physical size.

We insure a spectacularly diverse clientele, similarly exclusive and excellent in their field, who rely on The Business Insurance Bureau to protect their assets, minimise their liabilities and secure their future.


Here's what our clients say about us...


Roll up, roll up! Read all about it...

The Business Insurance Bureau is famous for it’s simplification of the complex world of insurance. With corporate jargon galore, we believe that in order to run your business with peace of mind, you need simplistic and entertaining material when it comes the ‘boring but important’ things like business insurance. In order to help you along the way we have created many colourful and cheery leaflets to help you understand what risks your business can face and how we can help you reduce them.