Cyber Insurance: Is it worth it?

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

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Scams & Cybercrime at Tax Time

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Cyber Liability Insurance

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The Risky Business of Insurance

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Is Your Businesses Target for Cyber Criminals?

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Turn the spotlight on hackers and protect your data

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

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Business Horror Stories

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Insurance for architects- the blueprint to success

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Insurance for Land Surveyors

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Insurance for Restaurants

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Insurance for Project Managers

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Insurance for Nurses

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Insurance for Marketing

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Insurance for Psychologists

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Insurance for IT Professionals

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Insurance for Gift Shops

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Insurance for Consultants

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Cyber Liability Insurance

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Cyber Liability Insurance: the safety net small businesses need

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Insurance for Sole Trader

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Insurance for Civil Engineers

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Insurance for Cafes

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Insurance for Painters

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Government Interruption Insurance

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Insurance for Dog Grooming

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Insurance for Dog Walkers

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Insurance for Disability Workers

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Insurance for Plasterers

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Insurance for Convenience Stores

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Insurance for Butcher Shops

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Insurance for Professionals

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Business Insurance FAQs

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Public Liability WA

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Insurance for Yoga Teachers

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Insurance for makeup artists

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Insurance for martial art teachers

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Social Media Insurance

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Public Liability NSW

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Public Liability QLD

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Employment Practices Liability

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Portable Equipment

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Goods in Transit

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Statutory Liability

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Money

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Business Interruption

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Machinery Breakdown

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What is Product Liability Insurance?

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Insurance for Handyman

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Insurance for Electricians

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Business Insurance the Smart Way

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What is Business Insurance?

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Public Liability PPC

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Insurance Glossary

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Insurance for Tradesmen

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Insurance for Retailers

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Insurance for Registered Tax Agents

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Insurance for Personal Trainers

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Insurance for Mobile Food Vans

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Insurance for Manufacturers

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Insurance for Hair & Beauty Services

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Insurance for Engineers

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Tax Audit Insurance

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Management Liability Insurance

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Personal Accident and Illness

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Insurance for Architects

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Help Protect your small business' reputation

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The Risks of Growing Your Small Business

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5 Surprising Things Business Insurance Can Cover

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Preparing your store for the holiday season ahead

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5 Tips for an Insurance Health Check

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Small Business Champions

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Why BizCover

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Insurance by Industry

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What is Public Liability Insurance?

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Insurance for Accountants

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Business Insurance

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Professional Indemnity

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Public Liability

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PI Index: Premiums Decline 10 Straight Quarters

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ET Circus is the latest winner of the BizGiver Grant

ET Circus, a much loved entertainment business in the sunshine coast community has won the BizGiver grant and will soon be receiving a brand new air track to add to their ... , Australia's leading online business insurance service, started the grant of ...

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Small Business Index July 2015

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Latest Small Business Buddy Winner: Evermore Memories

MEMORY MAKING BUSINESS GETS A MEMORABLE PRIZE. Latest Winner of Bizcover.com.au 'Small Business Buddy Program' Evermore Memories, a new unique business based in Geelong ... , Australia's leading online business insurance service, started the $2000 monthly ...

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Accountant saved from paying $200K with Professional Indemnity Insurance: A Case Study

An Accounting firm in Western Sydney with 5 staff, has been covered for a $221 000 payment after the Tax Office fined a client. The firm was insured with a Professional An Accounting firm in Western Sydney with 5 staff, has been covered for a $221 000 payment after the Tax Office fined a client. The firm was insured with a Professional Indemnity Policy to the value of $2 million dollars ...

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Childers Local wins the latest Small Business Buddy Grant

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Additional Cover for Professional Indemnity Insurance

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Public Liability Insurance

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7 Steps for Your Business to Survive and Thrive

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5 Financial Goals Before 40

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Michael Gottlieb featured in Insurance Business

In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The Year Ahead

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BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

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BizCover expands into New Zealand and launches BizCover.co.nz

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What Limit of Professional Indemnity Insurance Do I Need?

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Sometimes Professional Indemnity Insurance is Needed

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Misconceptions Around Professional Indemnity Insurance

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How Does Professional Indemnity Insurance Benefit You?

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Investec Acquisition of BizCover the Right Decision

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Who is Covered Under an IT Liability Policy?

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A Guide to PI Insurance

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Tips for making a Stress-Free Claim

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How to hire quality tradesmen for your small business with Oneflare

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Customer Spotlight: Being Brands

For this week's Customer Spotlight we look at creative brand agency, Being Brands. Being Brands is a creative agency located just outside of the Sydney CBD in Hunter ... risk of growth, and their high-level clients, that makes their insurance ... for new clients, so having insurance is an essential requirement. “ “BizCover ...

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Prevention & Protection - The Big Burglary Buffers

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BizCover wins dual accolades over two big nights

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Customer Spotlight: Elite Words

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Taking the W: The Art of Celebrating a Win

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Customer Spotlight: Cheaper Buy The Dozen

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Customer Spotlight: PerfEx Consulting

Brendan Healy from PerfEx Consulting is what some may call an overachiever; a PhD in Molecular Biology, Master Black Belt in Lean Six Sigma, a Hons. BSc in Industrial ... business with BizCover to de-risk my clients, my team, my ... drive performance excellence and de-risk their business.” “BizCover supports me ...

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A $2,000 Wish for Your Small Business

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Pet Stays, becomes the 32nd BizGiver winner

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Professional Indemnity Claims: when should I notify my insurer?

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Comparethemarket.com.au and BizCover Announce White Label Partnership

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BizGiver finds it's latest winner in Wild Forage

The latest winner of the $2000 BizGiver Grant is crowned; Wild Forage, a small business supplying seasonal wild edible plants, herbs and seaweed to high end restaurants ... in the past without the risk of losing my produce.” “Our ... more traditional methods of buying insurance, said Michael Gottlieb, Founder and ...

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Is your Small Business Summer Proof?

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Insurance Premiums for Retailers Continue to Climb

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5 Common Beauty Insurance Claims

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Insurance Considerations for Personal Trainers

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Small Business Continues to Win on Insurance Prices!

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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