Omnyy Introduces Cyber Cover Across All Professional Indemnity Quotations

The insurance market has spent years treating Professional Indemnity and Cyber Insurance as distinct risk conversations. One focuses on professional advice and liability. The other on technology, data and digital resilience.

Yet the reality facing businesses today suggests those distinctions are becoming increasingly blurred. For many organisations, a cyber incident no longer represents a purely technical problem. A data breach, ransomware attack or systems outage can disrupt operations, impact customer relationships, attract regulatory scrutiny and create significant financial consequences. In many cases, the commercial repercussions extend well beyond the immediate technology failure itself.

As businesses become more dependent on digital infrastructure, professional and cyber exposures are becoming increasingly interconnected. The challenge for insurers is ensuring their propositions evolve to reflect that reality.

Recognising this shift, Omnyy has introduced Cyber cover within all Professional Indemnity quotations, providing brokers and clients with access to broader protection through a single quotation process.

The proposition has been developed to address a growing market need. While awareness of cyber risk has increased significantly in recent years, many businesses continue to view cyber cover as an optional consideration rather than a core component of their risk management strategy. This often creates a disconnect between the risks businesses face and the protection they ultimately purchase.

The question this raises is whether the market’s traditional approach to cyber insurance remains fit for purpose.

Historically, cyber has often sat adjacent to the main placement conversation. Something that may be discussed after the primary risk has been addressed rather than as part of the risk itself. That model reflected a time when technology was considered a supporting function within many businesses.

Today, for most professional firms, technology is not simply an operational tool. It forms part of how advice is delivered, how clients are serviced, how records are maintained and how businesses generate revenue.

As a result, cyber resilience is increasingly becoming an indicator of overall business resilience. This creates an interesting challenge for brokers. Advising clients on risk is no longer solely about assessing liability exposures in isolation. It increasingly requires consideration of the dependencies that sit beneath them. A firm’s ability to continue operating following a cyber event can be just as significant as the event itself.

Viewed through that lens, Cyber and Professional Indemnity are not competing insurance conversations. They are different responses to a common challenge: helping businesses manage the consequences of an increasingly interconnected risk environment.

Danny Turner, Head of Professional Indemnity at Omnyy, commented:

“We’re seeing a growing overlap between the conversations brokers are having around professional responsibility, operational resilience and cyber exposure. Clients don’t experience these risks in separate categories and increasingly they shouldn’t have to consider protection that way either.

Bringing Cyber cover into every Professional Indemnity quotation reflects the reality that cyber risk has become a core business risk for many professional firms rather than a specialist concern sitting outside the main placement discussion.”

The development is particularly significant within the IFA market, where securing cyber protection alongside Professional Indemnity can often present additional challenges. Financial advisers operate in an environment where trust, data stewardship and uninterrupted client service are fundamental to commercial success. While cyber exposure is widely recognised, practical access to integrated solutions has not always kept pace.

Omnyy’s ability to provide Cyber cover alongside Professional Indemnity for IFAs therefore represents more than a product enhancement. It reflects a broader belief that some of the market’s most complex professions should not be excluded from the evolution taking place elsewhere.

Importantly, the objective is not to suggest that every risk can or should be bundled together. Different exposures require different underwriting considerations and expertise. However, where risks are increasingly interconnected, there is value in creating solutions that acknowledge those connections rather than forcing artificial separation between them.

The broader implication for the market may be a shift in how insurance propositions are designed in the future.

As business models continue to evolve, the lines between operational, professional and cyber risks are likely to become less distinct. Firms that can successfully identify those intersections may be better positioned to deliver solutions that reflect the realities clients face rather than the categories insurers have historically used.

By introducing Cyber cover across all Professional Indemnity quotations, and extending that capability to complex sectors such as IFAs, Omnyy is responding to that challenge by recognising a simple reality: modern risks rarely exist in isolation, and increasingly, insurance solutions should not either.