With the cyber insurance market set to surge this year, and UK businesses losing over £6.2 million to cyber scams in 2020, cyber security should be at the forefront of every business owner’s mind. But why is cyber such a threat, and how can you protect your business? We’ve caught up with Vijay Rathour, Head of the Digital Forensics Group at Grant Thornton, to find out how cybercrime has become the biggest global risk to businesses, what security options are available and why the best thing you can do is be prepared.
S-Tech Insurance Services Ltd, based in Cambridge, is an independent insurance broker, which was established in 1982. We consider our independence to be crucial to representing our clients’ interests and our shareholders continue to work in the business on a full-time basis. We employ more than 70 people, many of whom are industry qualified and place business with a wide selection of insurers, subject to the chosen insurer being able to meet our minimum financial security requirements.
We act for a wide range of corporate clients in the technology sector and are committed to providing them with quality, bespoke insurance and risk management solutions for their activities in the UK and overseas.
Our friendly team provides a full range insurance and risk management solutions to a wide customer base across the UK – many of them operating in the technology sector. That means you get to work with a specialist who understands the challenges your business may face.
The business has four departments:
- Commercial insurance
- Credit insurance and business finance
- Personal insurance
Part of the Alan Boswell Group.
WHAT WE OFFER CW MEMBERS
Firstly we can offer a 10% discount against our products and services. We are also happy to provide a free no obligation review of your current programme or advice on your potential needs if you are a start-up.
The Cambridge Wireless network helps to support member organisations working at the cutting edge of research, development and innovation within the wireless technology sector. As a founder member, S-Tech provides a local, personal service to the membership based in the East of England - and Cambridge in particular.
We provide a free audit of your existing insurance arrangements to establish whether improvements, in the form of policy cover or reduced premiums, might be achieved. Due to the positive relationships and exclusive partnerships we have with a number of major insurers, we can provide policies aimed at companies operating in your sector that will provide cover for:
- Business interruption (including research and development costs)
- Employers, public and products liability
- Professional indemnity (Errors and Omissions)
- Directors' and officers' liability (D&O)
- Marine cargo/transit risks
- Engineering and machinery breakdown
- Business travel
- Trade credit risks
There are many factors that may affect your business. Implementing a risk management strategy will help to reduce the adverse effects you may incur. By identifying these risks and adopting processes to minimise or prevent them, risk management can result in real benefits to your business, including:
- Greater profits
- Fewer accidents
- Less disruption to business
- Lower insurance costs
S-Tech can provide advice to Cambridge Wireless members on a range of risk management issues, including:
- Health & Safety
- Fire prevention
- Disaster recovery planning
- Compliance with legislation
HOW TO CONTACT US
If you would like to make an appointment to review your arrangements, please contact David Lowe at S-Tech by e-mail firstname.lastname@example.org alternatively you may wish to call David with your enquiry on 01223 445 464.
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Location info - S-Tech Insurance Services Ltd - Bradfield Centre
184 Cambridge Science Park
Tel: 01223 324233Open in google maps
Location info - S -Tech Insurance Services Limited
154-156 Victoria Road
Tel: 01223 324233
Fax: 01223 464150Open in google maps
Location info - Head office - Alan Boswell Group
126 Thorpe Road