Cyber Liability Insurance

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Cyber Insurance: Is it worth it?

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Cyber Liability Insurance: the safety net small businesses need

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Cyber Security For Small Business

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Protecting your Business from Cyber Risks - Part 2

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Protecting your Business from Cyber Risks - Part 1

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

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Business Insurance Guide for the Self-Employed - Part 4

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Insurance for Civil Engineers- what you need to know

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7 Types of Insurance Your Small Business Should Consider

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Insurance for architects- the blueprint to success

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Insurance for Gift Shops

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

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What are the Insurance Options for Land Surveyors?

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5 Questions to ask yourself before buying Insurance for your Small Business

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Insurance for Marketing Consultants

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Insurance for Massage & Alternative Therapies

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Insurance for Psychologists

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Insurance for Finance & Mortgage Brokers

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Insurance for Allied Health Professionals

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Insurance for Car Wash and Auto Detailers

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Insurance for Land Surveyors

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Insurance for Consultants

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Insurance for IT Professionals

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Home Based Business Insurance

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Insurance for Project Managers

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Insurance for Accountants

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Insurance for Recruitment Consultants

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Insurance for Professionals

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Is Your Businesses Target for Cyber Criminals?

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The Risky Business of Insurance

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5 Tips for an Insurance Health Check

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Insurance for Restaurants & Cafes

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Finding the Right Business Insurance Can Be Hard but BizCover Makes it Easy

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

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Insurance for Real Estate Agents

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Insurance for Nurses

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Insurance for Retailers

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Insurance for Restaurants

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Insurance for Cabinet Makers

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Do I need insurance for my market stall?

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Insurance for IT Professionals Colour Test 2

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Insurance for IT Professionals Colour Test

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Legal Requirement for Public Liability Insurance

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How the cost of Professional Indemnity insurance is calculated

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Public Liability Insurance for Cabinet Makers

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A guide to Plasterer's insurance that won't leave you, board

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Keep calm and stretch on with Yoga Teacher insurance

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Business Insurance Guide for the Self-Employed - Part 1

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Professional Indemnity Insurance for Consultants

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Managing Risk for Tradesmen

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Insurance for Furniture Manufacturers

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Common Small Business Insurance Claims and How to Prevent them.

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Professional Indemnity Insurance for Civil Engineers

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Management Liability Insurance

... covers the advice or service you provide to your clients, Management Liability insurance covers the risks that arise from running your business. For example: OH& S dramas Unfair Dismissal Sexual Harassment Statutory ...

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Professional Indemnity Insurance 101: For Allied Health Professionals

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Business Insurance

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Small Business Insurance Index

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Business Insurance Guide for the Self-Employed - Part 2

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Misconceptions Around Professional Indemnity Insurance

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Insurance for Nurses

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Dishing up the facts on food business insurance

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Personal Accident and Illness Insurance for Tradies

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6 Areas You May Not Have Thought Business Insurance Covers

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Business Insurance Guide for the Self-Employed - Part 3

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Insurance for Disability Workers

... you a sole trader, contractor or carer possibly as part of the National Disability Insurance Scheme (NDIS), you could be exposed to risks which may result in a Professional Indemnity or Public Liability claim against you ...

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Insurance for pharmacy and pharmacists

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BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

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How Does Professional Indemnity Insurance Benefit You?

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A Guide to PI Insurance

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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 ... to medium (SME) business owners a full end-to-end online service to compare most of their business insurance needs, with policies available from some of Australia's leading insurers. SME customers will have the option of ...

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BizCover SME Insurance Price Index Q2 FY20

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BizCover SME Insurance Price Index Q1 FY20

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Things you didn't know about small business insurance

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Small Business Insurance Price Index Q3

Insurers hold on to SME Insurance Premium Price Increases! Despite a ... BizCover Small Business Insurance Price Index has shown insurance rates ... Director of BizCover commented “While there is still an abundance of capacity and fierce competition in the insurance market, insurers have managed to hold onto their rate increases from last quarter. I suspect given the ...

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STABLE INSURANCE RATES A REASSURANCE FOR SMEs

BizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... year and fell a further seven per cent this quarter,” he said. “Key sections of business pack insurance that are frequently used by retailers such Contents, Glass and Theft all showed noticeable price declines. “The ...

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Tax Audit Insurance

... services of an external accountant or similar professional and their fees can be substantial. With the right Tax Audit insurance in place, you can at least minimise the cost of an audit to your business, even if you can ...

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Small Business Insurance Index Q2: 5 point increase, largest in 10 quarters

The Quarterly BizCover Small Business Insurance Index has shown that Australian ... enjoyed the end of declining insurance premiums with an increase of ... increase of 5 points in the second quarter of FY2015/2016, the first increase seen in 10 quarters. This brings the insurance rates back to the same level as Q4 2013/14 (6 quarters ago). It should be noted that rates are ...

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Additional Cover for Professional Indemnity Insurance

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What Limit of Professional Indemnity Insurance Do I Need?

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Social Media Insurance

... , try to make a sale out of a day of grieving, or trying to jump on a politically charged bandwagon. The insurance will cover your costs of PR to rebuild your brand, costs of loss of sales and other costs in the case of ...

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Business Interruption Insurance: Your 'Get Out of Jail Free' Card

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Insurance Premiums for Retailers Continue to Climb

Insurance Premiums for Retailers Continue to ... The latest BizCover Small Business Insurance Price Index has been released ... an increase in small ... 1), and similar to quarter 2 of last financial year, the index is showing an increase in small business insurance rates, with the index rising 3 points over last quarter. This increase however is not universal. Graph 1 ...

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Small Business Continues to Win on Insurance Prices!

... ; however the BizCover Small Business Insurance Price Index for the first ... ... they have remain flat over the quarter (Graph 1). A win for small businesses! Prices across all insurance classes were stable across the quarter, and this was reflected across most industries as well. The retail industry ...

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Michael Gottlieb Featured on the Insurance Business Hotlist for 2014

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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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Sometimes Professional Indemnity Insurance is Needed

Professional indemnity insurance is handcrafted to provide coverage ... ... any potential policy holder needs to consider when deciding upon whether or not they should buy professional indemnity insurance is the potential financial loss that can occur as a result of legal fees whether or not you ...

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Business Insurance the Smart Way

... each policy if you use the code SMART50 and a dedicated point of contact to help you with any insurance questions you might have. BizCover works for you by: Compare multiple providers and buy your policy online in just ...

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Professional Attire Insurance

... hat better than a member of the Village People? There's now a revolutionary solution; Professional Attire Insurance, that covers you for any damage to your professional uniform, offering a rapid replacement service for ...

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How much does Public Liability Insurance Cost?

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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?

*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

Cyber Liability Insurance Infographic