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Cyber Insurance: Why It Matters More Than Ever for Small and Medium-Sized Businesses

Cybercrime has increased sharply over the past year, affecting organisations of every size and sector. While high-profile incidents involving well-known brands often dominate the headlines, the reality is that smaller businesses are now some of the most frequent targets. Many attackers deliberately focus on SMEs because they often lack the resources, time or in-house expertise to manage cyber risk as effectively as large businesses and corporations.

At Readhunt, we are seeing more clients ask how they can better protect themselves – not only from the financial consequences of an attack but also from the operational disruption that follows. That is why we have been working closely with insurers to develop accessible and affordable cyber-protection options tailored to the needs of smaller organisations.

Why Smaller Businesses Are Being Targeted

Cybercriminals increasingly view SMEs as easier targets. Many rely on online banking, email, websites, customer databases or cloud software to run their business – yet underestimate how vulnerable these systems can be. Common risks include:

  • Phishing emails used to steal passwords or financial information
  • Ransomware attacks that lock systems until a payment is made
  • Business email compromise, leading to fraudulent invoices or payments
    Data breaches exposing customer or employee information

Even a relatively minor cyber incident can lead to costly downtime, reputational damage and significant financial loss. For SMEs, the impact can be particularly severe.

What Cyber Insurance Can Offer

Cyber insurance is designed to support businesses before, during and after an incident. Modern policies typically cover:

  • Financial losses from business interruption
  • Ransomware and extortion costs (subject to insurer conditions)
  • Data recovery and system restoration
  • Legal, regulatory and notification expenses if personal data is compromised
  • Access to specialist incident-response teams
  • Forensic IT support to identify how the attack happened

Importantly, cyber insurance is no longer just for large corporates. Insurers now offer scaled, flexible options designed specifically for smaller firms.

Affordable Cover Designed for Your Risk Profile

Although cyber-insurance premiums have risen across the market, we have worked with leading insurers to create a range of products that offer meaningful protection at accessible price points.

Policies start from under £100, depending on your business activities and the level of cover selected. The application process is intentionally straightforward:

  • Answer a short set of questions about your business,
  • Review the available cover options,
  • Choose the level that best matches your risk and budget.

This ensures you are not paying for unnecessary features while still protecting your business from the most common threats.

Taking a Proactive Approach

Cyber risk cannot be eliminated, but the combination of basic security measures and a well-designed insurance policy can significantly reduce the impact of an incident.

For many SMEs, cyber insurance has become an essential part of resilience planning – providing a safety net at a time when attacks are becoming more frequent and more sophisticated.

How Readhunt Can Help

As an independent broker, we assess your individual risk profile and recommend solutions that offer the right balance of protection and value. Whether you are new to cyber insurance or reviewing an existing policy, we can guide you through the process and highlight what is most relevant for your business.

If you would like to explore cyber-protection options or obtain a quote, please get in touch, info@readhunt.co.uk or call us on 01709 278178 – we’re here to help you safeguard your business in a rapidly changing digital landscape.

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What Makes an Expert Insurance Broker?

In today’s evolving risk landscape, the best corporate insurance brokers must do more than source quotes. They must combine deep product knowledge, sector-specific expertise, and strong client advocacy to deliver the right cover at the right price. At Readhunt, this specialist approach defines how we work.

Why Readhunt’s Corporate Insurance Specialists Stand Apart

With an exceptional renewal retention rate of nearly 98% – more than 10% above the industry average – it’s natural to ask what sets Readhunt’s corporate insurance brokers apart.

Readhunt is recognised as a leading provider of corporate insurance for SMEs. But what truly makes an expert broker, and why do so many businesses across construction, haulage, manufacturing, logistics and engineering choose Readhunt?

Our Role: Independent, Client-Focused Insurance Advice

At Readhunt, our brokers act solely as trusted, independent advisers. We advocate for our clients – not insurers – throughout the entire policy lifecycle. From initial consultation to claim resolution, our advisers become long-term risk partners, guiding SMEs throughout their policy term with expert advice, transparent communication and proactive support.

Specialisms That Matter

Our sector focus ensures we understand the pressures, risks and regulatory demands influencing your business – allowing us to build insurance solutions that genuinely fit.

  • Construction – from contractors and specialist trades to large construction firms requiring robust liability and contract-specific cover
  • Haulage & Transport – including fleet insurance, goods-in-transit solutions
  • Manufacturing – protection against operational risks, machinery breakdown, business interruption and supply chain exposures
  • Logistics – tailored policies for storage, distribution, fleet operations and third-party liabilities
  • Engineering – specialist cover for design, installation, mechanical, electrical and technical engineering operations

Expertise That Delivers Real Value

We understand that different industries face different risks. That’s why our team includes specialist brokers with deep experience in:

  • Comprehensive policy knowledge – ensuring clients always access the most suitable, up-to-date and cost-effective cover
  • Strong market access and negotiation – leveraging relationships with a wide range of insurers to secure the best possible terms
  • Unbiased, transparent advice – because we’re independent and client-led, not tied to insurer agendas
  • Proactive relationship management – supporting clients throughout the year with mid-term adjustments, policy reviews, claims assistance and dispute resolution
  • Dedicated motor claims support – all claims handled by dedicated Readhunt client claims manager, reducing insurer costs and lowering premiums 

By blending these strengths with a genuine commitment to client advocacy, Readhunt delivers insurance solutions that protect businesses, assets and people.

Proven Trust, Proven Results

Our clients consistently recognise the value of our personalised service:

“We have been using Readhunt for many years for our company insurance. We have worked with all members of the team and found them all to be very professional, friendly and helpful – so much so that we now use them for our Fleet Insurance, Unit Insurance and Rentals. They are completely transparent with competitive prices. Thanks to all at Readhunt.” TH, Greenfield Joinery

SME Looking for Specialist Corporate Insurance Support?

Whether you operate in construction, haulage, manufacturing, logistics or engineering, Readhunt’s specialist brokers provide expert guidance and tailored protection that grows with your business.

Get in touch via info@readhunt.co.uk to speak with our corporate insurance team today for a free confidential policy review. 

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Readhunt – Same Approach, New Look

We are excited to introduce our new look and feel.

So why did we need a refresh? We are now part of SRT & Partners, a holding company owning industry leading commercial insurance and finance businesses. This exciting milestone in our journey is delivering huge opportunities to our clients with a growing range of solutions and services with the same high quality, expert personal service.

For us, this transformation represents growth, alignment with our parent company’s vision, and a commitment to innovation. Our goal is to create a cohesive experience while maintaining the relationships and personalised service you trust.

What Stays The Same 

  • The quality of our service – same trusted people, same ethos
  • A commitment to deliver expert, tailored advice and bespoke insurance products 
  • Transparent communication and exceptional customer support

What’s New

With our rebrand, you’ll notice updates across:

  • Visual Identity: A modern logo, updated colour palette, and refreshed digital presence.
  • Expanded Capabilities: Access to a broader range of insurance products and services through our parent company’s network enabling us to innovate and grow to benefit our clients
  • Enhanced Tools: New resources designed to help our partners grow and manage risk effectively – we can invest and thrive in a changing market, while protecting and enhancing what makes Readhunt unique.

Looking Ahead

This rebrand marks the beginning of an exciting new chapter. Our mission remains clear: to empower businesses with comprehensive insurance solutions that support long-term success. We are deeply grateful to our clients, partners and staff for their trust and loyalty as we take this next step together.

Join Us on This Journey

Explore our new website and discover how our refreshed brand and expanded services can better support your business. Stay connected with us on LinkedIn for updates, insights, and industry news.

Here’s to a future built on growth, innovation, and strong partnerships.

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Navigating Insurance Renewals – A Partnership Journey 

Insurance renewals can be an arduous and sometimes complex process. At Readhunt, supporting clients through this renewals journey is a key part of our role. Every business has unique risks and evolving needs – and researching available insurance products can be time consuming and sometimes baffling. Our role is to simplify this process for our clients. Our teams pride themselves on a profound knowledge of available insurance solutions. We ensure every detail is reviewed with care and clarity and reflects our client’s goals and needs. Our client, Daynes Monumental, sums up our approach: 

“I have had the pleasure of working with Laura at Readhunt over the last few years. She has always been friendly, knowledgeable, reliable and professional. I used to find renewing various company insurances each year a headache but Laura takes that headache away. She makes the insurance process very easy and stress free for me. I’d not hesitate to recommend her and the company.”

Hellen Daynes, Company Secretary, Daynes Monumental

By combining professional expertise with a friendly, client-first approach, we help UK businesses renew with confidence. 

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