Hubtel IT and Konsileo Commercial Insurance have launched a joint cybersecurity and cyber insurance package for UK businesses, aimed at firms preparing for the Cyber Security & Resilience Act.
Branded CyberHub, the package combines technical security services with insurance cover in a single offer. It is intended for businesses across all sectors and is designed around the compliance requirements expected under the legislation.
The launch comes as organisations assess the impact of the Government's planned overhaul of cyber regulation. The measure will widen the existing regime beyond the 2018 Network and Information Systems Regulations and bring more entities within scope, including managed service providers, data centres and operators of critical infrastructure.
Under the new framework, organisations classed as critical infrastructure will need to notify authorities within 24 hours of a reportable cyber incident. Regulators will also gain stronger enforcement powers, including the ability to fine non-compliant entities.
That shift is likely to increase demand for services that combine preventive controls, incident response and financial protection. Businesses have also faced uncertainty over what insurers will cover after cyberattacks, particularly when attacks disrupt operations for long periods or require costly recovery work.
What is included
CyberHub includes a set of controls mapped to the standards in the new law and to Cyber Essentials Plus, the higher level of certification within the Cyber Essentials scheme. It also includes automated breach detection and regulatory notification tools intended to help organisations meet reporting deadlines.
The product also offers disaster recovery as a service, vulnerability management, email phishing simulations, annual compliance audits and board-level reporting dashboards. Its insurance element is intended to respond when an incident occurs, with support for business interruption, containment, recovery and liaison with regulators.
The companies highlighted the risk of penalties for failing to meet reporting requirements, saying the package is designed to help firms avoid fines of up to £100,000 a day by identifying incidents quickly and managing notifications within the required timeframes.
Neil Bayliss, chief executive of Hubtel IT, described the product as a response to the new rules and the broader cyber risk environment.
He said: "We've worked together with Konsileo on a suite of measures tailored to protect organisations in all sectors over and above the standards set out in the proposed Bill. As well as alignment with the new Cyber Security & Resilience Bill, soon to become an Act when it becomes law, our CyberHub package gives firms peace of mind that they are compliant, continuously protected, mitigating the risk from attacks and resilient should cyber criminals breach their defences."
The package reflects a wider trend in the cyber market, where security providers and brokers are trying to align technical controls more closely with underwriting. Insurers have become more selective in recent years as ransomware and other attacks have pushed up claims costs, while buyers have sought more clarity on policy terms and incident support.
Konsileo said the combined model is intended to address both prevention and recovery. Chris Cotterill pointed to the financial impact of attacks and the need for organisations to consider operational and insurance risk together.
He said: "Recent high-profile cyber-attacks highlight the real financial impact of cybercrime. Working with Hubtel IT, Konsileo helps organisations build resilience through underwritten policies that support disaster recovery when incidents occur. With every industry introducing some form of AI, having a joined-up approach to risk mitigation and risk transfer is crucial."
Political backing
The launch was welcomed by Rachel Taylor, Member of Parliament for North Warwickshire and Bedworth, whose constituency includes Hubtel IT. She linked the product to the Government's wider effort to strengthen the country's cyber defences against criminal and state-backed threats.
She said: "The Cyber Security & Resilience Bill is vital for ensuring our country is better prepared for the cybersecurity threats we face from organised fraudsters and hostile states. It's great to see businesses like Hubtel IT, based in North Warwickshire, helping businesses comply with the new requirements so they can boost their defences against cyberattacks. This is a great example of the strides we can make when government policy and business work in tandem to support businesses and grow the economy."
For smaller and mid-sized businesses, the appeal of a bundled offer may lie in narrowing the gap between security compliance work and insurance buying. Many firms still handle those functions separately, even as regulators and insurers both ask for more detailed evidence on controls, governance and response planning.
The package is available to businesses in all sectors and includes annual audits and board reporting intended to demonstrate governance compliance ahead of regulatory inspections.