Lloyd's Insurer Launches Cyber Product Amid Rising Threats to SMEs

Lloyd's insurer Brit has introduced C360, a new cyber insurance product specifically designed for small and medium-sized enterprises (SMEs). This product aims to provide comprehensive coverage for various cyber incidents, including data theft and business operation disruptions. Policyholders will benefit from unlimited claims on an any one claim basis during the policy period. The offering includes access to a 24/7 emergency hotline and forensic services without retention fees. The launch comes in the wake of a significant increase in cyber attacks reported in 2025, which saw 204 nationally significant incidents handled by the National Cyber Security Centre. This context highlights the urgent need for robust cyber insurance solutions for SMEs, which often lack the resources to effectively manage cyber risks. The product is expected to enhance the resilience of SMEs against cyber threats.

Key Points: • Brit's C360 offers unlimited claims for SMEs on an any one claim basis. • The product includes coverage for data theft and business disruption. • The launch responds to a significant rise in cyber incidents reported in 2025.