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 ... just as vulnerable to cyber crime, with almost 30% of Australian businesses experiencing a cyber attack of some form ... for the breach of privacy. This is why cyber insurance should be an important part of your risk ...

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 ... AS A FIREWALL While prevention is the simplest way to minimise the chance of a cyber-attack occurring, Cyber Liability insurance will help to reduce subsequent damage to your business by covering the expenses and ...

read more

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 ... against fire, flood and theft. The poor take up of cyber insurance in Australia is startling, especially when you consider the fact globally the cost of cyber-crime is estimated to be $388 billion annually, and the ...

read more

Protecting your Business from Cyber Risks - Part 2

In Part 2 of our cyber risk series, we take a ... from a cyberattack. We also explain what Cyber Liability insurance is and ... security ... 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 ...

read more

Business Insurance Guide for the Self-Employed - Part 4

... piece of our Business Insurance for the self-employed ... Accident and Illness insurance and Cyber Liability insurance. We share the ... . 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 ...

read more

Understanding Insurance for Retailers

... , and that's where business insurance can help save the day ... ... can provide valuable protection for your retail business from cyber crime attacks. Cyber liability insurance is a type of business insurance product, which protects your business against both the legal ...

read more

What are some types of insurance available for small businesses?

... consideration is getting your business insurance sorted. There are many kinds ... it comes to getting your insurance sorted because no two businesses ... loss or release of customer personal information,  cyber crime , cyber extortion/ ransomware and business interruption due to a cyber event.  Tax Audit insurance* No one likes a call from the ...

read more

What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... 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 ...

read more

Insurance for Civil Engineers- what you need to know

... about what kinds of business insurance coverage you may need to ... ... 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 ...

read more

Understanding Insurance for Mortgage Brokers

... the appropriate types of business insurance. [] ... .  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 ...

read more

A Mumpreneurs Guide to Understanding Business Insurance

The art of juggling parenthood while running your own business is anything but an easy feat. Theres always something screaming for your attention, from managing client ... a separate policy to your personal home contents insurance. Cyber Liability* Many mumpreneurs have embraced the flexibility ... an online business. When it comes to cyber-crime, hackers don’t discriminate and can attack ...

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 ... all resulted in a significant impact in cost, time and disrupted focus occurred. The cyber crime is on the rise, cyber insurance may be required Many small businesses think their business is too small to attract ...

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 ... cyber insurance ... cyber-security/new-data-breach-trends-small-business-identity-records-now-target-1-for-hackers/ [4] Ibid. [5] Ibid. [6] https://www.smartcompany.com.au/finance/fraud/cyber-crime-stay-ahead ...

read more

Protecting your Business from Cyber Risks - Part 1

... at the common types of cyber risks that SMEs face and ... with potential scams. Types of cyber risks Cybercrime Spotting [] ...  through BizCover. We offer a range of business insurance options to suit your business needs, including Cyber Liability insurance * . Cyber Liability insurance *   is designed to help protect you from ...

read more

The Other Virus - Making Your Small Business Cybersafe When Working From Home

... small business owners working remotely cyber-crime. Small business owners and staff ... becoming a victim and how Cyber Liability insurance< ... with defending a cyber claim are also covered.  Cyber Liability insurance can assist with inadvertent loss or release of a customer 's personal information, cyber-crime, cyber extortion/ransomware and ...

read more

Scams & Cybercrime at Tax Time

... the prime time for prowling cyber criminals to attack. This is ... ... Cyber Liability insurance can be a valuable tool in protecting your business. What is Cyber Liability insurance cover? Cyber ... an online form to report the crime through https://www.scamwatch.gov.au/report ...

read more

Life after lockdown - How to re-open your small business

After months of being in COVID-19 lockdown, restrictions are beginning to ease and businesses are slowly starting to head back to normality. It will take time and patience ... , 000 in losses since the outbreak of the virus. Small businesses are not immune from cyber-crime and Cyber Liability insurance ca n be a wise choice when it comes to protecting your business online ...

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 ... are aimed at SME's (Dual Australia, 2018). If your business were to be the victim of a cyber attack, Cyber Liability insurance is there to help by providing coverage for expenses and legal costs (which can add up very ...

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 ... SME's., yet is one of the least insured policy areas – don't become a statistic. [i] Cyber Liability insurance provides essential financial protection if your system is hacked or you suffer a data breach by covering ...

read more

Understanding Insurance for Real Estate Agents

... consider the appropriate kinds of insurance you may require to keep ... ... or it was s tolen or hacked could be devastating. Get peace of mind with Cyber Liability insurance . Cyber Liability insurance is designed to help protect you from claims and support your profitability in the ...

read more

5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... if you store sensitive information about your employees or clients you're an exceptionally prime target. Cyber Liability insurance is a 'must have' policy for all kinds of businesses that have an online presence. And ...

read more

7 Types of Insurance Your Small Business Should Consider

... is Small Business Insurance. But what kind of insurance do you actually ... ... business, not to mention the damage it can cause to your reputation. Cyber Liability Insurance explained. Tax Audit Insurance With an increase in the number of small businesses being subjected to random ...

read more

Business Horror Stories

... are the victims of a cyber [] ... In this case, the restaurant was covered and the crime section of their policy covered them. Business Insurance cover options such as Management Liability and Cyber Liability are little known but have the potential to ...

read more

Five Tips for Starting your Home-based Business

Sometimes it takes extraordinary circumstances to take the leap of faith to start your own home-based business. The COVID-19 pandemic has made this an option for many ... due to malicious damage or some other defined event listed in the policy. Cyber Liability * : Cyber Liability insurance helps to protect you from claims and supports your profitability in the event of ...

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 ... criminals however, are always finding new sophisticated ways to access systems and data. Therefore, a Cyber Liability insurance policy can act as your safety net against data breaches after being hacked or having your ...

read more

Top Tricks To Help Improve Your Business' Risk Management

When you run your own business the last thing you want to be facing is unwanted risks that could threaten your business' future. With so many areas of the business to ... an eye. Set some time aside and review your insurance policies to help prevent any issues if a claim ... step to help protect your business from cyber-attacks and crime. An IT policy is another step which ...

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 ... members know how to handle a security breach, the crime will be easier to pin down. It's all ... for any potential costs. For example, Cyber Liability Insurance covers your business against the expenses associated ...

read more

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

... most common issues with Business Insurance is that policy owners often ... ... % of your income (up to $3,000 per week) until you can work again. Cyber Liability Insurance – Cyber Liability Insurance protects against the expenses and legal costs of data breaches or hacking, including the loss ...

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 ... operate your business at full capacity for a few days, a month or even a year. Consider Cyber Liability insurance, especially if your business relies on a website or online activity. Malware is becoming more prevalent ...

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 ... overwhelming it's worth considering cyber insurance for your business . Most cyber insurance policies will not only cover ... negotiations for information. PWC Global Economic Crime Survey 2014; ABS - Count of ...

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 ... from unexpected events or damage. If you have valuable or substantial assets you should insure them Cyber Insurance - Protects your business against the expenses and legal costs associated with data breaches, being ...

read more

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

Know you need business insurance but aren't sure how ... while and looking to buy insurance for the first time; there ... ... accidental damage, as well as financial loss for business interruption due to an insured event Cyber Liability insurance protects businesses against the costs associated with data breaches, being hacked or the theft ...

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 ... ... personal assets against legal costs for allegations of mismanagement, misconduct or legislative breaches. Cyber Insurance Protection against the expenses and legal costs associated with data breaches, which may ...

read more

Triumph after Tragedy for QLD Fitness Trainer Latest Winner of Bizcover.com.au $60,000 'Small Business Buddy Program'

Latest Winner of Bizcover.com.au $60,000 'Small Business Buddy Program' Michelton resident Charlotte Hansen last week marked a major milestone when she went from cancer ... sized businesses buy Professional Indemnity, Public Liability, Business Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance quotes instantly online and the ability to select and ...

read more

Doggone Great! Local QLD Business Selected in the $60,000 'Small Business Buddy Program'

Small Business Buddy Winner! Local QLD Business Selected in the $60,000 'Small Business Buddy Program' Woofwatchers, a local dog grooming and pet caring business is ... businesses buy Professional Indemnity , Public Liability , Business Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance quotes instantly online and the ability to select and ...

read more

BizCover Celebrates Third Consecutive Fast 50 Ranking

... . BizCover remains the only commercial insurance business in the list of ... ... sized businesses buy Professional Indemnity, Public Liability, Business Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance quotes instantly online and the ability to select and ...

read more

7 ways to improve your tradie business' productivity

It's no secret that the tradie industry is competitive. There are plenty of tradie businesses out there and it's never been easier for customers to connect with the ... a tradie: Public Liability insurance* Personal Accident and Illness insurance* Portable Equipment/ Tool Cover* Tax Audit insurance* Cyber Liability insurance* Whether you are ...

read more

Top 5 tips for tradies starting their own business

Launching your own business is both an exciting and nerve-wracking time with so much to think about, plan and get into motion. One of the great things about starting ... * Portable Equipment/ Tool Cover * Tax Audit insurance * Cyber Liability insurance* Whether you are a plumber or a chippy, the tradie industry is full of varying potential ...

read more

Common Small Business Insurance Claims and How to Prevent them.

... . Whilst you've got the insurance to help you out, you ... ... your business and your bottom line. Whilst you've got the insurance to help you out, you'd ultimately rather avoid the ... valuables. Lastly, if you are in a high crime area, consider using a private security service. ...

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 ... revenues under 2.5 million dollars) have not had many alternatives when it came to buying business insurance. BizInsure has entered this space to satisfy the needs of this important and growing market; small business ...

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 ... Breathe in, breathe out, and let a wave of calm wash over, letting the stress of arranging your yoga teacher insurance go. As a yogi or yogini, you don't have time to be worrying about having the right cover in ...

read more

Understanding Insurance for Interior Designers

... where having the right business insurance in place is vital. Let ... and outs of how business insurance can protect your interior design ... ... saves the day, by providing financial protection when you need it the most. Personal Accident  and Illness (PA) insurance covers you for loss of income if you were unable to work as a result of an injury or ...

read more

Understanding Insurance for Graphic Designers

... , that's when your business insurance comes into play. We've ... ... you delivering on projects . W hen things don't go to plan, that's when your business insurance comes into play. We've put this simple guide together to help graphic designers get a better understanding ...

read more

Business Insurance Guide for the Self-Employed - Part 3

... in the world of business insurance, it can feel like you ... guide on all things Business Insurance for the self-employed. In ... back to basics ... to suit your business and protect it from potential risks . A way to look at what business insurance options your business may need is by gauging what you couldn't afford to be without. These are ...

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 . ... running , so without your business assets, how are you going to earn an income? Having suitable business insurance in place can help safeguard your business for when things don't go to plan and for when ...

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 ... ... damage to a third party as a result of your business' activities. Failure in obtaining public liability insurance policy can expose a business to a range of risks. As a business, you will inevitably have interactions ...

read more

The difference between Public Liability and Professional Indemnity insurance

... most common types of business insurance, but do you really know ... . What is Public Liability insurance*? Public Liability Insurance is designed ... th e n this is an important form of cover to consider. What is Professional Indemnity insurance * ? Professional Indemnity protects you against losses claimed by a third – party due to alleged ...

read more

BizCover Disrupts Insurance by Commoditising it

... the BRW article. Self-proclaimed insurance industry disrupter BizCover is trying ... by letting newcomers to the insurance sector, such as Coles ... approximately $20 million in annualised revenue. It has the permission of four of the nation's major insurance houses to sell their products. BizCover targets the small to medium enterprise segment and claims to have ...

read more

7 Surprising ways business insurance can help your company

... of sorting out your business insurance may feel like an overwhelming ... ... and everything else in between there is a lot to think about. While the thought of sorting out your business insurance may feel like an overwhelming task, it is a one of the vital areas of your business that needs your ...

read more

How Does Professional Indemnity Insurance Benefit You?

... advisable that you have professional insurance, which can also be referred ... to as professional indemnity insurance. Professionals are expected ... , which can be filed against them by their clients. It is advisable that you have general business insurance in order to protect you from financial losses caused by property damage or bodily injury. In addition to ...

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 ... know if they are getting the best deal. This is where BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes , and purchase in only ...

read more

Small Business Insurance Index

... price increases in the business insurance market, SMEs are continuing to ... the cost of business insurance, the BizCover SME Insurance Price ... and Retail & Hospitality. Whilst all three groups saw have seen no increases in the overall prices for their insurance, there have been changes within product groups and industries. The Full Report can be viewed here . ...

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 ... with one of BizCover's trained consultants. Mark Pangrazio, iSelect's Head of Commercial for Health & General Insurance, said the company was thrilled to be partnering with BizCover to assist it in focusing on the SME ...

read more

Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring ... ... can do to help prevent your business from crumbling if a disaster was to strike? Fortunately, there's an insurance policy for that! With a whole menu full of cover for your business, you can find protection for your ...

read more

BizCover SME Insurance Price Index Q1 FY21

... clients buck the trend of insurance price hikes. Whilst the Australian ... the availability and pricing of insurance for SMEs, BizCover can report ... there were some clear winners and some losers. The Full Report can be viewed here: SME Insurance Price Index Public Liability insurance is an essential cover for SME's and one that most can't afford to operate without ...

read more

What Tradies Need to Know About Public Liability Insurance

... the most common types of insurances for tradies, but do you ... and outs of Public Liability insurance and what you need to ... . So what is Public ... go plan. As a tradie, it can even be a contractual requirement that you have Public Liability insurance in place well before picking up the tools and putting boots on site. Always check the level of ...

read more

Business Insurance Guide for the Self-Employed - Part 2

Navigating the world of business insurance can be confusing which is ... created a guide to business insurance for the self-employed that ... and outs ... we've made it our mission to make it a bit easier . We've created a guide to business insurance for the self-employed that profil es the main types of cover to consider and how it can protect ...

read more

BizCover SME Insurance Price Index Q2 FY20

More larger businesses with simple insurance needs are using BizCover for ... their insurance, while smaller businesses benefit from ... this quarter ... Retail & Hospitality. Whilst all three groups have experienced no increases in the overall price of their insurance, there have been changes within product groups and industries. The Full Report can be viewed here: SME ...

read more

BizCover SME Insurance Price Index Q1 FY20

... reductions on their Public Liability insurance, while prices have remained steady ... ... its highest in five years and transport costs increasing steadily. The increase did not affect the cost of insurance for small businesses on the BizCover platform as prices dropped to the lowest point in 24 months. The ...

read more

Public Liability Insurance for Cabinet Makers

... the right kind of business insurances in place. Regardless [] ... ... contract or as a condition of entry to a worksite. If so, make sure you have your Public Liability insurance policy sorted before you pick up the tools and that you have the right level of cover required. What can ...

read more

Professional Indemnity Insurance for Civil Engineers

... a professional, considering Professional Indemnity insurance to protect* you and your ... ... Policies for Civil Engineers When it comes to insuring civil engineers, there's no one size fits all insurance solution because every business is different and no two businesses are the same. Each business has its own ...

read more

Things you didn't know about small business insurance

Getting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... not know about small ... to review and update your coverage every year. No doubt your business is on the move and changing and so your insurance needs will also be changing and you'll want to make sure you have a policy that covers your business ...

read more

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

... by not having the right insurance in place? Read on to ... ... victim and still be able to survive financially? Many contracts will require you to have your own Public Liability insurance before you even step foot on site. Make you sure you arrange your cover with the right limits ...

read more

How the cost of Professional Indemnity insurance is calculated

... of a Professional Indemnity (PI) insurance policy is calculated and why ... the cost of Professional Indemnity insurance. Insurance policy pricing ... excessive increase in the premium. For example, looking at the data of almost 5,000 BizCover customers with PI insurance during the 2016/17 financial year, the average monthly cost for a policy with $2 million of cover ...

read more

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 ...

read more

Steady as she goes - still no increases in Insurance Premiums!

... The BizCover Small Business Insurance Price Index is indicating ... market for small business insurance continues to benefit from ... stability in ... in the index over the last 9 quarters. The Retail Sector is one of the few industries where insurances prices have increased. A trend driven by continued competition, as well as capacity in the market. This ...

read more

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 ...

read more

What Limit of Professional Indemnity Insurance Do I Need?

... 'What limit of Professional Indemnity insurance do I need?' While this ... ... a good idea to contact the association and check whether there is a minimum limit of Professional Indemnity Insurance you are required to maintain to comply with their compliance requirements. They may also be able to ...

read more

Misconceptions Around Professional Indemnity Insurance

... that the claims professional indemnity insurance covers are only the experiences ... ... to time depending on the size of a job contract or the level of risk involved. Businesses or consultants whose insurance coverage is not sufficient may need to draw funds from their own pockets and that is never a good ...

read more

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

... 'lock up' operations. Business interruption insurance can provide both peace of ... ... a vital element in your wider disaster recovery plan - a plan that should include both a broader insurance package and (crucially!) a clear guideline for how your business would react and recover after a disaster event ...

read more

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 ... 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 ...

read more

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 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 ...

read more

Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part ... ... cover option of public liability. Hish says his clients expect his business to be covered by professional indemnity insurance to ensure there is cover in place in the case of any potential legal action they may take ...

read more

Professional Indemnity Insurance 101: For Allied Health Professionals

... yourself is with professional indemnity insurance. This type of policy provides ... ... their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for people who risk legal action as a result of carrying ...

read more

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 ...

read more

Small Business Continues to Win on Insurance Prices!

... ; however the BizCover Small Business Insurance Price Index for the first ... ... all indicate that the industry is long overdue for a price increase; however the BizCover Small Business Insurance Price Index for the first quarter of the financial year indicates that insurers have not been able to ...

read more

Michael Gottlieb Featured on the Insurance Business Hotlist for 2014

... successful in taking out the Insurance Business Brokerage of the Year ... ... the broking world, and not just because his Mega Capital business was successful in taking out the Insurance Business Brokerage of the Year award and featured in the Deloitte Technology Fast 50 Australia ranking for the ...

read more

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

read more

Understanding Insurance for Physiotherapists

Your clients rely on your expert advice and services as a physiotherapist. You help ease their aches and pains from minor sprains to long-term rehabilitation programs ... insurers in the click of a button or a quick call to our friendly team. We're all about making insurance easy, so there's no messy paperwork or jargon. Find out how we help you protect your business today. *As ...

read more

Professional Indemnity Insurance for Consultants

A large number of people that start businesses, in Australia have been experiencing a steady growth in business for the past few years. One area that is growing in magnitude ... at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance , this is a very safe option to assure you are covered in the event that someone files suit ...

read more

Beauty to go! What Mobile make-up artists need to know about insurance

There are some obvious pros to working as a mobile freelance make-up artist - you have control over the hours you work, you get to work with a wide range of clientele ... can be a grey area when it comes to which cover they come under. Arranging your mobile makeup artist insurance doesn't need to be over complicated and should be one of the base elements of your business plan. If ...

read more

Public Liability Insurance Scenario

Just imagine: A phone call out of the blue. The caller has a voice you don't recognise. He's telling you he is hurt - badly - and you're responsible. You hang up. He ... nothing could be worth that amount of anguish. “If I had been responsible and set my business up with the insurance I needed, it would have been a very different story for me,” Janine says from her new home in South ...

read more

The Reality of Retail- Real Life Claims and How Business Insurance can Help

The world of retail is fast-paced and varied, with no two days ever the same. With so much going on, it also creates a recipe of risks and opportunities for things to ... can cover your contents and stock from theft, attempted theft or armed hold up. It is not unusual for theft insurance to need the item stolen to have been securely stored before the theft and for there to be evidence of ...

read more

The bricks and mortar of building insurance cover- what you need to know

Your business property is like your home away from home and is the place where you work your magic. Whether you're in the business of providing expert advice to clients ... Building cover is generally only taken out if you are the owner of the business premises. As part of the insurance assessment process, an assessor may be brought in to conduct a valuation of the property. If you are a ...

read more

Insurance for Cabinet Makers- What You Need to Know

When it comes to building and creating quality pieces of craftsmanship, cabinet makers know a thing or two. This highly skilled trade involves having an eye for detail ... T he reality is cabinet makers are faced with risks every day. Having the right types of insurance in place to protect your cabinet making business is a solid investment, protecting not only your finances ...

read more

Personal Accident and Illness Insurance for Tradies

Does the thought of being off work for three months due to a major mishap with a nail gun horrify you? As far-fetched some accident stories may sound, the reality is ... You can select the amount you want to be covered for, the waiting periods and the type of Personal Accident Insurance policy you want to have in place. You can even select a Lump sum and capital benefits option which can ...

read more

Insurance Considerations for Personal Trainers

Working as a personal trainer can be a rewarding career. Not only do you get to help your clients achieve their goals and transform their lifestyles, but it's also the ... were to go wrong because of this advice. To cover yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for any claims that may arise due to any advice that you have ...

read more

6 Areas You May Not Have Thought Business Insurance Covers

Your business is your livelihood. So it's vital to protect your business assets and revenue against potential risks that may impact your business, such as fire, storms ... under a policy. And the good news is, you can include Business Interruption as part of your Business Insurance package. It's important to remember that your business will change over time, and so will your assets ...

read more

Getting the Best Value on Your Business Insurance

The new year is now in full swing, and if you're like some of us in this office, you will probably have resolved to be a bit smarter with your money in 2016 and perhaps ... today. If you have downsized your team or you are earning less money you may be able to make a saving on your insurance. Also if you are no longer doing certain business activities - you may be able to take them off your ...

read more

5 insurances every convenience store owner needs to know about

You're a retail lifesaver, helping customers at all hours with all sorts of essentials, from early morning coffees to midnight snacks. As a convenience store, you've ... Let's take a quick look at some of the risks your convenience store is exposed to and how insurance can help safeguard it from potential disasters. Dealing with the public In retail, you deal with people every day ...

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?

*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