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Tailored to suit your business
Cyber Insurance
IN OUR INFORMATION AGE, IT ISN’T A MATTER OF
IF IT WILL HAPPEN TO YOU,
IT IS
WHEN WILL IT HAPPEN TO YOU.
The number of cybercrimes are continuing to rise and Australian businesses are becoming an easy target for local and international attackers. Cyber Insurance provides the opportunity for Businesses to mitigate their losses against Cyber-attacks, recover from loss of business, be reimbursed for Cyber-attack associated costs, provides 24/7 help from Cyber specialists and provides access to Cyber Risk related libraries and resources so you and your people can be more Cyber savvy.
What is Cyber Insurance?
Cyber insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. A Cyber insurance policy can be customised to protect every business.
The Cyber Insurance policy is different from commercial crime insurance and is designed to suit the needs of business in the digital age. With appropriate Cyber insurance cover, an insurer can rapidly respond to the incident and with a 24/7 assistance hotline and a team of Cyber experts are there to help you mitigate any loss and impact aiding recovery from the incident. Every business should highly consider having Cyber insurance.
What are the key features provided by Cyber Insurance policies for my Business?
Cyber Extortion
Cover for the damages and costs associated with mitigating a cyber extortion incident, including ransom payments where the law allows
Theft & Loss of Data restoration
Covers incidents where an information asset went missing, whether through misplacement or malice. Includes cost of Data loss, restoration including decontamination and recovery
Business Interruption
Cover for losses due to a network security failure or attack, human errors, or programming errors. Covers reasonable costs to bring your business back to the condition it was immediately before the cyber event
Breach of Privacy Liability
Cover for liability arising from failure to maintain confidentiality of data.
Crisis communication expenses
Cover for crisis management and mitigation measures to counter a credible impending threat to stage a cyber event against your IT infrastructure.
Incident response and investigation costs, supported by a 24/7 emergency assistance service including Cyber learnings
Access to an incident response hotline supporting clients throughout the process using a network of forensic, cyber extortion, legal, notification, fraud remediation and public relations experts Access also to a range of tips, tools and Cyber related information.
Social Engineering
When you or your client’s emails are intercepted by a hacker and bank
account details are hacked.
