What is cyber insurance?
Cyber insurance has become an essential aspect of the modern business’ risk management framework. Cyber insurance may provide protection from cyber-attacks and digital threats, offering coverage for losses associated with:
Data breaches,
Cyber extortion,
Business interruption,
And other cyber-related incidents.
I'm interested!
Complete the below form and send to newenquiries@insurance.com.au. We will get in touch with you shortly to discuss your cyber insurance needs!
Download the form for Mortgage Brokers Download the form for Allied Health Professionals
Why does every business need to consider Cyber Insurance?
For many small business owners, the misconception that cyber threats only target large corporations can be costly. Cybercriminals often see small businesses as attract targets precisely because they may lack the robust cybersecurity measures in place at larger enterprises.
Cyber Insurance helps level the playing field by offering protection tailored to the specific needs of small businesses.
What is Cyber Insurance?
Cyber Insurance has become an essential aspect of the modern business’ risk management framework. Cyber Insurance may provide protection from cyber-attacks and digital threats, offering coverage for losses associated with:
Data breaches
Cyber extortion
Business interruption,
Other cyber-related incidents
Cyber Insurance can also help your business access a wide range of specialised services to help mitigate the impact of cyber threats, such as incident response teams, legal and forensic experts, public relations support and credit monitoring services.
Cyber risks are consistently changing and ever evolving. If your cyber insurance provider proactively monitors your risk and sends routine security alerts, your business can improve its cybersecurity posture, preventing digital risk before they strike.
No two cyber insurance policies are identical. When selecting a policy, businesses should look for comprehensive coverage that provides protection from dynamic cyber risks.
What can Cyber Insurance cover?
Cyber insurance is a type of insurance that provides coverage for the various loss exposures companies face (both first-party and liability to third parties) that result from a cyber incident. This can include:
Network and Information Security Liability
Regulatory Defense and Penalties
Breach Response Services
Breach Response Costs
Multimedia Content Liability
PCI Fines and Assessments
Crisis Management and Public Relations
Ransomware and Cyber Extortion
Direct and Contingent Business Interruption, and Extra Expenses from Security Failure and Systems Failure
Digital Asset Restoration
Funds Transfer Fraud, Personal Funds Fraud, and Social Engineering
Reputation Repair
Reputational Harm Loss
Computer Replacement and Bricking
Service Fraud including Cryptojacking
Funds Transfer Liability
Impersonation Repair Costs
Invoice Manipulation
Proof of Loss Preparation Expenses
Court Attendance
Criminal Reward
How to get a quote?
To find out more about how to protect your business in the event of a cyber attack, simply submit the form below or call us today on 1300 468 730. Please note that you cannot apply for this product online.
Download the form for Mortgage Brokers Download the form for Allied Health Professionals
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1300 468 730
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