Is Your Businesses Target for Cyber Criminals?

... have become a target for cyber criminals, but there are simple ... managing director Michael Gottlieb explains. Cyber crime is one of the fastest ... managing director Michael Gottlieb explains. Cyber crime is one of the fastest ... their data security. Even though cyber insurance has been available for around ...

read more

Cyber Liability Insurance

... , Lawyers, Accountants, Consultants, Estate Agents, Insurance Brokers, Retailers etc *As with ... .acic.gov.au/about-crime/organised-crime-groups/cybercrime [iii] Dual Australia, Cyber Claims Examples, Accessed ...

read more

Cyber Insurance: Is it worth it?

... is too small to attract cyber criminals. Yet, when it comes ... to cyber theft, size doesn't matter ... . Businesses are increasingly vulnerable ... is just as vulnerable to cyber crime, with almost 30% of Australian ... well as credit monitoring services Cyber insurance is available for first-and ...

read more

Scams & Cybercrime at Tax Time

... the prime time for prowling cyber criminals to attack. This is ... ... your business. What is Cyber Liability insurance cover? Cyber Liability is designed to ... online form to report the crime through https://www.scamwatch.gov ...

read more

Stay Smart Online Week: Q&A with experts on Small Business Cyber Risks

This week is Stay Smart Online Week; a government initiative that aims to reverse the threat of cybercrime. Small businesses are some of the biggest growing targets for ... -our-free-alert-service) · Buy cyber insurance Small Businesses are often short ... .smartcompany.com.au/finance/fraud/cyber-crime-stay-ahead/

read more

Business Horror Stories

... are the victims of a cyber [] ... costs. Find out more about Cyber Insurance here. THE DEREGISTERED DISMAY Threats ... and the crime section of their policy covered them. Business Insurance cover ...

read more

Turn the spotlight on hackers and protect your data

Your business might pride itself on great service or friendly staff, but your success is really built on the trust your customers have in you. After all, when they hand ... handle a security breach, the crime will be easier to pin ... potential costs. For example, Cyber Liability Insurance covers your business against the ...

read more

7 Ways You Can Protect Your Business and Personal Information Online Today.

Its Privacy Awareness Week, and in recognition of our support weve outline a few ways that individuals and their businesses can keep their important information safe ... 's worth considering cyber insurance for your business. Most cyber insurance policies will not ... for information. PWC Global Economic Crime Survey 2014; ABS - Count ...

read more

Cyber Liability Insurance: the safety net small businesses need

It may have taken some time for the reality to hit, but the wider public is now starting to realise that hackers aren't just fictional brooding movie villains - they ... the chance of a cyber-attack occurring, Cyber Liability insurance will help to reduce ... basic preventative measures and robust Cyber Liability insurance, small business' are ensuring ...

read more

Insurance for architects- the blueprint to success

The career of an architect is an exciting one, yet it's not one without risk. From the ground up, your responsibilities are skyscraper high. Beginning with the first ... become a statistic.[i] Cyber Liability insurance provides essential financial protection if ... .com.au/underwriting/financial-lines-insurance/cyber-liability-and-privacy-protection

read more

The Risky Business of Insurance

What are the Real Costs to Australian Small Business? Small business owners tend to be juggling many balls - managing clients, cash flow, staff, stock and future planning ... 'nice to have' insurance. Examples of “must have” insurance: Public Liability– protects ... assets you should insure them Cyber Insurance - Protects your business against ...

read more

The Remaining Risk: What Isn't Covered and Why it Matters

... most common issues with Business Insurance is that policy owners often ... ... to stay engaged in the insurance process. Insurance isn't a 'set ... you can work again. Cyber Liability Insurance – Cyber Liability Insurance protects against the expenses ...

read more

Insurance for Finance & Mortgage Brokers

... to be compromised. A cyber liability insurance policy is designed to help ... release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption ...

read more

Insurance for Civil Engineers- what you need to know

... about what kinds of business insurance coverage you may need to ... ... may want to consider Cyber Liability insurance. A Cyber Liability insurance policy is designed ... release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption ...

read more

What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... be held accountable. A Cyber Liability insurance policy is designed to help ... release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption ...

read more

Insurance for IT Professionals

... , restoration or even business interruption insurance. Cyber Insurance* Consider the client information or ... release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption ...

read more

Insurance for Marketing

... , statutory liability or employment practices insurance cover. Cyber Liability* Consider the client ... release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption ...

read more

Insurance for Consultants

... systems were compromised. A cyber liability insurance policy is designed to help ... release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption ...

read more

Small Business Insurance: Why you might want to ensure you're covered!

Running a business can be rewarding, challenging but also stressful. While you will are taking control of your earning potential and the upside can be great, there are ... focus occurred. The cyber crime is on the rise, cyber insurance may be required ... . The following example show why cyber insurance is an important part of ...

read more

Help Protect your small business' reputation

When it comes to running a small business, your brand and its reputation are priceless. No doubt you've spent countless hours establishing your name by building strong ... Regulatory Event or Investigation, Cyber Liability Insurance Can you imagine trying to ... the victim of a cyber attack, Cyber Liability insurance is there to help ...

read more

7 Types of Insurance Your Small Business Should Consider

... is Small Business Insurance. But what kind of insurance do you actually ... ... assets too. Management Liability Insurance explained. Cyber Liability Insurance If you have a ... to your reputation. Cyber Liability Insurance explained. Tax Audit Insurance With an increase ...

read more

5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... an unforeseen event. Business Interruption insurance is designed to compensate you ... 're an exceptionally prime target. Cyber Liability insurance is a 'must have ...

read more

Insurance for Land Surveyors

... if it were compromised. Cyber Liability insurance could help protect you from ... or attack. Cyber Liability is a type of Business Insurance cover that ...

read more

Prevention & Protection - The Big Burglary Buffers

If you've ever arrived at your shop or store to find a smashed window or broken door, you'll remember the sinking feeling and the despair that follows. Having your business ... are an option in high crime-rate areas. Use shatterproof doors and ... .com/insureonu/59-small-business-insurance-hacks/burglary-theft

read more

Insurance for Accountants

... of what a Business Insurance policy can cover. Cyber Insurance* Consider the client ... your system being hacked. Cyber Liability insurance helps to protect you from ...

read more

Insurance for Professionals

... expert fees). Public Liability Insurance* Public Liability insurance is an important form ... be left wondering. Consider Cyber Liability insurance to protect your business against ...

read more

Insurance for Retailers

... on the insurance policy. Insurance for Retailers Public Liability Insurance* Public Liability insurance is ... 've been out of action. Cyber Liability* Small retail businesses are ...

read more

Preparing your store for the holiday season ahead

The holiday season is upon us, which is an important time for retail businesses. It can provide a much needed boost in sales, but on the flip side it can also mean an ... and data. Therefore, a Cyber Liability insurance policy can act as your ... , which includes having sufficient Business Insurance coverage to provide financial protection ...

read more

The Risks of Growing Your Small Business

The only strategy that is guaranteed to fail is not taking risks. Mark Zuckerberg There comes a time when every successful enterprise needs to ditch the baby steps, ... or even a year. Consider Cyber Liability insurance, especially if your business ... attacks and session hijacking. Cyber Liability insurance may not prevent an attack ...

read more

Insurance for Project Managers

... phone in minutes. Project manager insurance can cover project management activities ... consequences if it were compromised. Cyber Liability protects your business against ...

read more

Management Liability Insurance

... , unfair dismissal and discrimination. Theft/Crime – by employees which may include ... to any claimants. Management Liability Insurance benefits: Private companies Company directors ...

read more

5 Tips for an Insurance Health Check

If your insurance is due for renewal or ... a health check of your insurance to ensure that if the ... ... mismanagement, misconduct or legislative breaches. Cyber Insurance Protection against the expenses and ... to have Business Interruption Insurance. (Vero SME Insurance Index,2016) 3. Do ...

read more

Insurance for Restaurants

... business with Public Liability insurance. Public Liability insurance is designed to provide ... an ATO investigation with this insurance. Cyber Insurance* As a restaurant owner your ...

read more

Insurance for Nurses

... minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses ... the course of your work. Cyber Liability* If you collect and ...

read more

Insurance for Psychologists

... the Psychology Board of Australia. Insurance for Psychologists Professional Indemnity* Psychologists ... due to an insurable event. Cyber Liability* Consider the client data ...

read more

Insurance for Gift Shops

... gift of hassle-free insurance with multiple competitive insurance quotes in minutes ... being shut for a week? Cyber Liability* Holding customer data, such ...

read more

Insurance by Industry

... Indemnity, Public Liability, Business Insurance, Management Liability, Cyber Insurance and Tax Audit. At ... varying industries, often have specific insurance needs and so we aim ...

read more

Public Liability Insurance in Perth

... you should consider Public Liability insurance to provide the financial protection ... does Public Liability insurance cover? Public Liability insurance covers claims for personal ...

read more

Public Liability Insurance in Mandurah

... registered businesses, and Financial and Insurance Services, with 411 registered businesses ... does Public Liability insurance cover? Public Liability insurance covers claims for personal ...

read more

Public Liability Insurance in Adelaide

... you should consider Public Liability insurance to provide the financial protection ... does Public Liability insurance cover? Public Liability insurance covers claims for personal ...

read more

Insurance for martial art teachers

... martial arts teachers Professional Indemnity Insurance* However careful you may be ... damaged anywhere within Australia. Contents Insurance* protects the contents and stock ...

read more

Insurance for Personal Trainers

... and food preparation Professional Indemnity Insurance will also assist with the ... policy document. Public Liability Insurance* Public Liability insurance is important to keep ...

read more

Insurance for Hair & Beauty Services

... activity specifically covered by your insurance. Insurance for Hair & Beauty Services ... your commercial premises. Business Insurance is an insurance package designed to provide ...

read more

BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

... .com), a leading-edge online insurance model that connects independent professionals ... critical Professional Liability (E&O) insurance solutions ... critical Professional Liability (E&O) insurance solutions. With unprecedented convenience, reliability ... (BizCover). This alliance combines experienced insurance professionals and cutting-edge technology ...

read more

A Guide to PI Insurance

... to make Professional Indemnity Insurance simple (also known as ... errors and omissions insurance, PI or Professional Indemnity ... is Professional ... ). What is Professional Indemnity Insurance? Professional Indemnity Insurance is a form of ... Thinking About Professional Indemnity Insurance? Professional Indemnity Insurance forms the largest percentage ...

read more

Legal Requirement for Public Liability Insurance

Public liability insurance covers your business for losses ... . Failure in obtaining public liability insurance policy can expose a business ... ... liability insurance. Legal Requirement for Public Liability Insurance Although public liability insurance is ... , often product liability insurance. However, public liability insurance offers no protection when ...

read more

Insurance for Furniture Manufacturers

... wrong. This is where business insurance comes into play and should ... . The process of arranging your insurance can feel overwhelming at times . ... claim against you.    Product Liability insurance protects your businesses against claims ... event. Management Liability* Management Liability insurance is designed to provide protection ...

read more

BizCover SME Insurance Price Index Q1 FY20

... reductions on their Public Liability insurance, while prices have remained steady ... ... reductions on their Public Liability insurance, while prices have remained steady ... customers across Australia purchasing their insurance through our platform.” BizCover Customer ...

read more

iSelect partners with BizCover to launch business insurance comparison

... expanded their general insurance offering to include business insurance, through a partnership ... , Australia's leading small business insurance ... expanded their general insurance offering to include business insurance, through a partnership ... , Australia's leading small business insurance service provider. Through the BizCover ...

read more

Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring ... ... your overall business insurance plan. What types of insurance should food businesses ... consider? Public Liability Insurance Dishing up food and beverages ...

read more

Keep calm and stretch on with Yoga Teacher insurance

... of arranging your yoga teacher insurance go. As a yogi or ... business. Let us centre your insurance chakra by exploring some of ... ... yoga teachers is Professional Indemnity insurance. Working in a highly physical ... circumstances Property damage Public Liability insurance When you work closely with ...

read more

Public Liability Insurance in Hobart

... you should consider Public Liability insurance to provide the financial protection ... does Public Liability insurance cover? Public Liability insurance covers claims for personal ...

read more

Public Liability Insurance in Darwin

... you should consider Public Liability insurance to provide the financial protection ... does Public Liability insurance cover? Public Liability insurance covers claims for personal ...

read more

Public Liability Insurance in Brisbane

... you should consider Public Liability insurance to provide the financial protection ... does Public Liability insurance cover? Public Liability insurance covers claims for personal ...

read more

Insurance for pharmacy and pharmacists

... the market. Liability Insurances for pharmacists Professional Indemnity insurance* provides cover for ... require different types of insurance cover. Business insurance* offers a number of ...

read more

Insurance for Cabinet Makers

... consider is Public Liability insurance. Public Liability insurance is designed to provide ... Portable Equipment cover (general property insurance) you can insure specified items ...

read more

Insurance for Sole Trader

... consider is Public Liability insurance. Public Liability insurance* is designed to provide ... done. Some industries have mandatory insurance requirements, set either by law ...

read more

Insurance for Civil Engineers

... of Bourke, your Public Liability insurance covers you anywhere within Australia ... interruptions. Personal Accident and Illness Insurance No matter how much care ...

read more

Insurance for Cafes

... 10 million dollars. Insurance for Cafes Public Liability Insurance* Your business deals ... and do happen. Public Liability insurance is designed to provide protection ...

read more

Insurance for Lawn Mowing Services

... , the small business insurance specialists look after your insurance needs, providing multiple ... and compensation if awarded. Business Insurance* Portable Equipment Cover* A mower ...

read more

Insurance for Painters

... employees, not subcontractors. Insurance for Painters Public Liability Insurance* In the world ... contractually required to have. Business Insurance* Portable Equipment Cover* To get ...

read more

Insurance for Disability Workers

... of insurance including Public Liability insurance and Professional Indemnity insurance. Compare tailored insurance packages ... Professional Indemnity and Public Liability insurance. Professional Indemnity* An essential ...

read more

Insurance for Plasterers

... comes to arranging your business insurance, providing competitive quotes online or ... the policy wording. Insurance for plasterers Public Liability Insurance* Protecting your business ...

read more

Insurance for Butcher Shops

... on the insurance policy. Insurance for Butcher Shops Public Liability Insurance* When you ... a third party. Public Liability insurance usually includes Product Liability cover ...

read more

Public Liability WA

... negligent business activities.    Public Liability insurance is designed to cover compensation ... Professionals pay for Public Liability Insurance in WA? The term 'Professionals ...

read more

Do I need Public Liability insurance?

Do I need Public Liability insurance? Public Liability insurance is essential for small ... small businesses. Is Public Liability insurance a legal requirement? Public Liability ...

read more

Insurance for Yoga Teachers

... mandatory requirement to hold certain insurance policies. Did you Know? Yoga ... - $10 million Professional Indemnity insurance. Insurance for Yoga Teachers Professional Indemnity ...

read more

Insurance for makeup artists

... protect you and your business. Insurance for Makeup Artists Professional Indemnity ... service.. Hello Bridezilla! Professional Indemnity insurance is designed to protect makeup ...

read more

Public Liability NSW

... Government introduced legislation to make insurance more affordable for small businesses ... Professionals pay for Public Liability Insurance? The term 'Professionals' encompasses a ...

read more

Public Liability QLD

... negligent business activities.    Public Liability insurance is designed to cover compensation ... Professionals pay for Public Liability Insurance? The term 'Professionals' encompasses a ...

read more

What is Product Liability Insurance?

... Product Liability Insurance? What is Product Liability Insurance? Product Liability insurance* protects your ... I need Product Liability Insurance? Product Liability insurance is an important consideration ...

read more

What is Business Insurance?

... need business insurance?Claim Example What is Business Insurance? Business Insurance can provide cover ... business. The options include: Building Insurance which covers any physical buildings ...

read more

Insurance for Tradesmen

... Public Liability claim. Public Liability insurance is designed to provide protection ... a particular trade association. Business Insurance* Insuring your tools, and your ...

read more

Insurance for Furniture Manufacturers

... negligent business activities. Product Liability insurance protects your businesses against claims ... event. Management Liability* Management Liability insurance is designed to provide protection ...

read more

Reviews related to cyber crime insurance

  • product knowledge and advice are excellent

    Frank F
    Other

  • Easy to read understand and follow

    Tui d
    Other

  • Easy As!! Thank you

    Casey W
    Entertainment

  • EASY CONVENIENT!

    HONGWEI Z
    Travel

  • Excellent Customer Service

    Trevor C
    Other

Get instant quotes

What is Cyber Liability Insurance

Hackers. These are not just dodgy movie characters but real life people, doing real damage to businesses across the globe, including Australia. If you’re thinking your small business down under is of no interest to these criminals, think again. Every business with an online presence is at risk of a cyber attack and with cyber crime claiming  6 million victims in 2018it might be time to bite the bullet and get the right cover for your business.i 

Cyber Liability insurance* is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption due to a cyber event. 

In a nutshell, your customer data is sacred. If you don’t protect it properly, your business may be fed to the wolves. 

If you’re still not convinced your business may be at risk, here are the cold hard facts about doing business in today’s technically advanced world: 



Independent feedback from our customers rated our service at excellent.

What is included?

  • Business interruption costs 
  • Investigation and data recovery costs 
  • Fines and penalties 
  • Extortion costs 
  • PR and crisis management costs 

What is typically NOT covered?

  • Replacement equipment 
  • Property damage 
  • Prior known facts / circumstances (before the policy commenced)  
  • Intentional acts 

Download Cyber Liability Insurance Fact Sheet

Get the cover that is right for you

With the policies available through BizCover you can choose coverage amounts between $50,000 to $2 million 

Sit back for a minute and think about this….it might be the first time you have considered the impact on your business if your website was taken offline?  Could your business survive the reputation damage, and the losses associated with a data breach 

You should consider what your business requires including by reference to 

Who benefits from this type of Insurance:

*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.  The information contained on this web page is general only and should not be relied upon as advice. 

 

Could this happen to you?

Hackers are alive and well and get a thrill out of making business owners sweat. Cyber Liability Insurance can reduce your risks and help you rest easy knowing your business is covered from even the craftiest of criminals. 

Here are is an example: 

The cost of lost data

An insured accountant had an employee who accidentally misplaced a company laptop that contained a list of 1000 client tax records and credit card details. A policy payment totalling $250,000 was made to cover the costs involved with notifying the affected individuals and the Privacy Commisioner of the data breach. The cost of hiring a Public Relations firm to assist the insured with re-building their business reputation was also included.iii 

 


[i] Australian Cyber Security Centre, 2019, https://www.cyber.gov.au/news/sso-launch
[ii] Australian Criminal Intelligence Commision, Cybercrime, 2019, https://www.acic.gov.au/about-crime/organised-crime-groups/cybercrime
[iii] Dual Australia, Cyber Claims Examples, Accessed 2019

 

Cyber Security For Small Businesses

With more and more cyber criminals targeting SMEs, how can small businesses protect themselves?

Cyber Liability Insurance Infographic
Infographic explaining what is Cyber Liability Insurance