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 ... to do is handle a cyber attack or data breach alone. Cyber insurance will also provide coverage for regulatory defence, penalties and fines. Isn't cover pricey? Like most insurance, premiums vary by insurer, the ...

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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 ... freemium' model, whereby basic features are free, and the premium version is available for a small fee (currently $24 per ... minimise the chance of a cyber-attack occurring, Cyber Liability insurance will help to reduce ...

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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 ... ... in 25 per cent of listed companies purchasing cyber insurance in the same way they buy protection against fire ... mechanic in Alice Springs were two recent victims of cyber crime. Given the majority of organisations don't ...

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Understanding Insurance for Real Estate Agents

... consider the appropriate kinds of insurance you may require to keep ... ... still be able to earn an income?  Cyber Insurance * When you are handling and storing client ... peace of mind with Cyber Liability insurance . Cyber Liability insurance is designed to help ...

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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 ... large organisation they may stipulate that you have certain insurance to work for them. For example handymen are often ... disrupted focus occurred. The cyber crime is on the rise, cyber insurance may be required Many ...

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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.gov.au/sites/default/files/2019-03/msp_questionnaire.pdf o https://www.cyber.gov.au/publications/questions-to-ask-managed-service-providers ... service ) · Buy cyber insurance Small Businesses are often ...

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Business Horror Stories

... are the victims of a cyber [] ... 1 in 5 Australian businesses are the victims of a cyber attack and the number of attacks continues to rise. One ... costs. Find out more about Cyber Insurance here. THE DEREGISTERED DISMAY Threats ...

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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 ... substantial assets you should insure them Cyber Insurance - Protects your business against the ... employees are required to have WC How you buy insurance can save you time and money Shopping around to compare ...

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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 ... of these things but if it is too overwhelming it's worth considering cyber insurance for your business . Most cyber insurance policies will not only cover your business financially but will help organise the retrieval ...

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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 ... ... it's worth taking time to do a health check of your insurance to ensure that if the unthinkable happens and your business is hit ... or legislative breaches. Cyber Insurance Protection against the expenses ...

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BizCover Celebrates Third Consecutive Fast 50 Ranking

... . BizCover remains the only commercial insurance business in the list of ... ... sustained three year period underpinned by its unique commercial insurance online platform. Each year it gets harder to remain ... Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance ...

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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 ... Business Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance ... 2000 occupations and have taken the hassle out of buying insurance for more than 25,000 businesses so far. They are ...

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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 ... Business Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance ... 2000 occupations and have taken the hassle out of buying insurance for more than 25,000 businesses so far. They are ...

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So you want to start a side hustle? Here's what you need to know - Part 1

Dreaming of starting your own side-hustle? Well, you're not alone, with the latest findings in the nbn Side Hustle Report sharing that 1 in 4 Aussies have started a ... need to buy and will you need to rent a storage space to keep it? Insurance -Have you arranged your business insurance policies to financially protect your business from potential risks? Travel – If your side ...

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Insurance Premiums for Retailers Continue to Climb

Insurance Premiums for Retailers Continue to Climb The latest BizCover Small Business Insurance Price ... an increase in small business insurance< Insurance Premiums for Retailers Continue to Climb The latest BizCover Small Business Insurance Price Index ... index is showing an increase in small business insurance rates, with the index rising 3 points over ...

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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 ... Sector is one of the few industries where insurances prices have increased. A trend driven by continued ... BizCover Small Business Insurance Price Index. “Insurers have managed to retain these premium increases due to ...

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Despite Insurers Talk, Premiums Won't Walk

Despite Insurers Talk, Premiums Won't Walk SME Insurance Premiums Stay Flat Over the ... quarters the BizCover Small Business Insurance Price Index ... seen very little change (Graph 3). The likely reason for this is the increased premiums for property related insurance which is more commonly bought by those businesses with stock. Another area starting to show ...

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PI Index: Premiums Decline 10 Straight Quarters

Business Insurance Premiums Decline 10 Straight Quarters, but ... 's continue to benefit lower premium rates due to the abundance ... business insurance ... the business insurance market. The BizCover Small Business Insurance Index has shown premiums continuing to ... seen prices creep up 1%. It should be noted that premium prices are still a whopping 40% lower than the base ...

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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 ... SME's may have enjoyed the end of declining insurance premiums with an increase of 5 points in the second ... restaurants, cafes, stores etc which saw premium rates increase 10%. Professional Indemnity have just ...

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Small Business Insurance Price Index Q3

Insurers hold on to SME Insurance Premium Price Increases! Despite a drop ... BizCover Small Business Insurance Price Index has shown insurance Insurers hold on to SME Insurance Premium Price Increases! Despite a drop in some rates, some insurers are holding on to pricing gains made last quarter. The latest Quarterly BizCover Small Business ...

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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 ... protect your business from a cyber – attack. We also explain what Cyber Liability insurance is and why you should ... do, who to contact and how to recover from a cyber – attack if it were to occur. Some of the ...

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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 ... to recover following his injury. His Personal Accident and Illness insurance provided a weekly benefit of $1,700 a week ... income. Cyber Liability What is Cyber Liability insurance? Cyber Liability insurance* is ...

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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 ... when it comes to getting your insurance sorted because no two businesses are the ... cyber-criminals, you may want to add in Cyber Liability insurance as an extra layer of security. Cyber Liability insurance ...

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What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... below, we'll outline several of the insurance options for land surveyors who work in the ... Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber ...

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Insurance for Civil Engineers- what you need to know

... about what kinds of business insurance coverage you may need to ... ... so it's important to think about what kinds of business insurance coverage you may need to help ensure it is protected. ... may want to consider Cyber Liability insurance. A Cyber Liability insurance policy is designed* to ...

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Understanding Insurance for Mortgage Brokers

... the appropriate types of business insurance. [] ... . C yber L iability insurance policy is designed to help ... cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Examples of the types of risks Cyber Liability insurance ...

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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 [] ... like to learn more on how to spot a cyber scam, Scam Watch has a list of educational ... insurance options to suit your business needs, including Cyber Liability insurance * . Cyber Liability insurance ...

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7 Types of Insurance Your Small Business Should Consider

... is Small Business Insurance. But what kind of insurance do you actually ... ... 's for certain, and that is, finding the right insurance is an essential part of managing the risks involved in operating ... your reputation. Cyber Liability Insurance explained. Tax Audit Insurance With an ...

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5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... small businesses with little or no network security, as cyber criminals know it's easier to get in and get ... clients you're an exceptionally prime target. Cyber Liability insurance is a 'must have' policy for ...

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Understanding Insurance for Retailers

... , and that's where business insurance can help save the day ... ... no retail business is immune from the risk of a n insurance claim occurring. We know how busy you are, so we' ... insured event (such as fire).   Cyber Liability Insurance* As more and more retailers do ...

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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 ... result, you may also notice an increase with your PI policy premium. This is because it is a strong indicator that your ... premium. For example, looking at the data of almost 5,000 BizCover customers with PI insurance ...

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SMEs continue to benefit from low premiums; despite talk of price rises.

... seems to be hardening for insurance for larger businesses, the latest ... BizCover Small Business Insurance Price Index is showing no ... ... and instead insurers have managed to push up premiums for large business. These increases have resulted from ... is unlikely SME's will see material rises in their insurance cost anytime soon and not before the end of the ...

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Small Business Continues to Win on Insurance Prices!

... ; however the BizCover Small Business Insurance Price Index for the first ... ... a price increase; however the BizCover Small Business Insurance Price Index for the first quarter of the ... . Despite the need by insurers to force a premium increase to help improve their profitability, it unlikely that ...

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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 ... the increased number of larger businesses with higher premiums using the platform. Bigger businesses are now ... no increases in the overall price of their insurance, there have been changes within product groups and ...

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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 ... ... have been in business for a while and looking to buy insurance for the first time; there are a few questions you can ... due to an insured event Cyber Liability insurance protects businesses against the costs ...

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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 ... business is on the move and changing and so your insurance needs will also be changing and you'll want ... undervalue your assets in order to save a little on the premium. A short term gain, which could cost you dearly in ...

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5 Things to Consider When Buying Public Liability Insurance

Public Liability insurance. It's one of those ... ... restaurant. It may be tempting to go with a lower premium to save on costs but the cheaper option may not ... long run, so don't be afraid to ask your insurance agent what certain features and benefits are if you are ...

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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 ... development and extensive negotiations with top-tier insurance companies, we have built a robust platform ... had many alternatives when it came to buying business insurance. BizInsure has entered this space to satisfy the ...

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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 . ... and things can still go wrong. H aving insurance in place for those unexpected events not only ... going to earn an income? Having suitable business insurance in place can help safeguard your business for when ...

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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 ... ... your business' activities. Failure in obtaining public liability insurance policy can expose a business to a range of ... by the general public. A public liability insurance policy should include the scope of your ...

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7 Surprising ways business insurance can help your company

... of sorting out your business insurance may feel like an overwhelming ... ... about. While the thought of sorting out your business insurance may feel like an overwhelming task, it is a one ... risks your business may face and what kinds of insurance s are going to be the most appropriate to ...

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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 ... clients. It is advisable that you have general business insurance in order to protect you from financial losses caused ... this, you should have professional indemnity insurance that provides coverage against lawsuits filed ...

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A Guide to PI Insurance

... to make Professional Indemnity Insurance simple (also known as ... errors and omissions insurance, PI or Professional Indemnity ... is Professional ... BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live ... allows business professionals to compare policies from leading insurance providers ( AIG , Dual and Vero ) ...

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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 ... seen no increases in the overall prices for their insurance, there have been changes within product groups and ... increasing it is great to see that their insurance costs remain stable when purchased through the BizCover ...

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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 ... online service to compare most of their business insurance needs, with policies available from some of Australia ... 's Head of Commercial for Health & General Insurance, said the company was thrilled to be partnering ...

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Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring ... ... options to choose from. Why do I need insurance for my food business? Whether you are serving up ... a disaster was to strike? Fortunately, there's an insurance policy for that! With a whole menu full of cover ...

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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 ... ... calm wash over, letting the stress of arranging your yoga teacher insurance go. As a yogi or yogini, you don't have ... go to plan and you may need to have insurance to protect your business! Teaching yoga brings with it ...

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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 ... ... so it makes sense to insure them. Contents insurance c overs your business contents or stock if ... it the most. Personal Accident  and Illness (PA) insurance covers you for loss of income if you were ...

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Understanding Insurance for Graphic Designers

... , that's when your business insurance comes into play. We've ... ... 't go to plan, that's when your business insurance comes into play. We've put this simple guide ... you be able to get the job done? Contents insurance c overs your business contents or stock at your ...

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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 ... Report can be viewed here: SME Insurance Price Index Public Liability insurance is an essential cover for SME's ... in prices quarter on quarter for Professional Indemnity insurance. The one area that has seen ongoing ...

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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 ... jeopardise your personal finances too. Public Liability insurance covers your back when things don ‘ t ... contractual requirement that you have Public Liability insurance in place well before picking up the tools ...

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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 ... storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass ... . A way to look at what business insurance options your business may need is by gauging ...

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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 ... easier . We've created a guide to business insurance for the self-employed that profil es the ... potential to earn an income. Professional Indemnity insurance helps bear the on-going legal costs involved ...

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Business Insurance Guide for the Self-Employed - Part 1

... are a variety of business insurance [] ... stall-holders – A minimum level of Public Liability insurance is often required when having a stall at a market ... a button , hassle-free. *As with any insurance, cover will be subject to the terms, ...

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BizCover SME Insurance Price Index Q1 FY20

... reductions on their Public Liability insurance, while prices have remained steady ... ... . The increase did not affect the cost of insurance for small businesses on the BizCover platform as prices ... changes for SMEs when it comes to their business insurance, commenting “While costs may be rising for Australian' ...

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Public Liability Insurance for Cabinet Makers

... the right kind of business insurances in place. Regardless [] ... ... in place for when disaster strikes, Public Liability insurance may also be a requirement if you are working ... If so, make sure you have your Public Liability insurance policy sorted before you pick up the tools and that ...

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Professional Indemnity Insurance for Civil Engineers

... a professional, considering Professional Indemnity insurance to protect* you and your ... ... of business. Below we'll explore Professional Indemnity insurance and how it can apply to your work as ... civil engineers, there's no one size fits all insurance solution because every business is different and no two ...

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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 ... What is Public Liability insurance * ? Public Liability Insurance is designed to provide ... to consider. What is Professional Indemnity insurance * ? Professional Indemnity protects you against ...

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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 ... the permission of four of the nation's major insurance houses to sell their products. BizCover targets the ... . BizCover provides general advice and assistance through the insurance buy and claims process. But it has the ...

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What Limit of Professional Indemnity Insurance Do I Need?

... 'What limit of Professional Indemnity insurance do I need?' While this ... ... whether there is a minimum limit of Professional Indemnity Insurance you are required to maintain to comply with their ... selecting an appropriate limit of Professional Indemnity Insurance. These include: The size of your ...

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

... by not having the right insurance in place? Read on to ... ... will require you to have your own Public Liability insurance before you even step foot on site. Make you ... will require you to have your own Public Liability insurance policy before being able to join Cover your bits ...

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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 ... quarter,” he said. “Key sections of business pack insurance that are frequently used by retailers such Contents, Glass ... out the downturn,” Mr Gottlieb said. “Insurance is an essential business expense and dealing with ...

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Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part ... ... his business to be covered by professional indemnity insurance to ensure there is cover in place in ... it is vulnerable to costly legal action. PI Insurance protects small businesses from this type of action. Unlike ...

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Misconceptions Around Professional Indemnity Insurance

... that the claims professional indemnity insurance covers are only the experiences ... ... is where the value of professional indemnity insurance can be recognized. If you were somehow ... the level of risk involved. Businesses or consultants whose insurance coverage is not sufficient may need to draw funds from ...

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

... 'lock up' operations. Business interruption insurance can provide both peace of ... ... - a plan that should include both a broader insurance package and (crucially!) a clear guideline for how ... two very important questions. Do I have Business Interruption insurance? And, are both the property and the cause of ...

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Professional Indemnity Insurance 101: For Allied Health Professionals

... yourself is with professional indemnity insurance. This type of policy provides ... ... ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for ... of their work. It's an especially important insurance for people working in the health industries, who ...

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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 ...

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Common Small Business Insurance Claims and How to Prevent them.

... . Whilst you've got the insurance to help you out, you ... ... business and your bottom line. Whilst you've got the insurance to help you out, you'd ultimately rather avoid the ... are some of the most common BizCover Business Insurance customer claims, and tips on how to prevent ...

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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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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 ... of trying to make heads or tails of business insurance. Understanding the different kinds of coverages your business ... policy to your personal home contents insurance. Cyber Liability* Many mumpreneurs have embraced the ...

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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 ... reputation crashing down. Having the right business insurance as part of your overall business plan is ... don't become a statistic. [i] Cyber Liability insurance provides essential financial protection if your system ...

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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 ... premises. As part of the insurance assessment process, an assessor may ... insurance policy: Machinery As with most types of insurance policies, there are a number of factors that affect how your premium ...

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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 ... you may be able to make a saving on your insurance. Also if you are no longer doing certain business activities ... your policy premium accordingly another may see your business as low risk and offer a lower premium. The ...

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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 ... Insurance if you make a claim on an underinsured building, (perhaps you were hoping to saving on some premium ... include Business Interruption as part of your Business Insurance package. It's important to remember that ...

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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 ... you, is by purchasing something called Professional Indemnity Insurance , this is a very safe option to ... that someone files suit against you. Professional Indemnity Insurance works by insuring you the cost of a claim ...

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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 ... to be made. Fear not, Public Liability insurance can help clean up the mess by covering your ... cover they come under. Arranging your mobile makeup artist insurance doesn't need to be over complicated and should be ...

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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 ... requirement for you to have your own Public Liability insurance policy. Always be sure to check the level ... call to our friendly team. We're all about making insurance easy, so there's no messy paperwork or jargon. Find ...

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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 ... question that brought her up short: have you got insurance? Janine did not. And for the months of ... I had been responsible and set my business up with the insurance I needed, it would have been a very different story ...

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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 ... station owner lodged a claim under their Theft and Money insurance* covers for $13,000. Once the claim was ... or armed hold up. It is not unusual for theft insurance to need the item stolen to have been securely stored ...

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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 ... an illness. That's where Personal Accident and Illness Insurance comes in to play. Designed to protect your ... , the waiting periods and the type of Personal Accident Insurance policy you want to have in place. You can ...

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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 ... risks every day. Having the right types of insurance in place to protect your cabinet making business is ... be a legal requirement to have Public Liability insurance in place before you undertake a contract or step ...

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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 ... yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for any claims ... risks and have combined the two covers into one insurance package. So you can choose to get one ...

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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 ... your convenience store is exposed to and how insurance can help safeguard it from potential disasters. Dealing ... are going to want to insure it! Building insurance covers the costs of repairing or rebuilding your store ...

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5 Reasons To Review Your Business Insurance This Christmas

Christmas can be a busy (as well as stressful!) time for many small businesses. Come December the big Christmas countdown is on as people are busy preparing for the ... are carrying increased stock levels. Do you have Business Insurance to cover your stock and contents from theft or damage ... goods in transit cover as part of your business insurance. If you already have cover you may need ...

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Do I need insurance for my market stall?

From fresh food and irresistible treats to clothing, arts, crafts, and bric-a-brac, Australia has become spoiled for choice when it comes to markets. And with the festive ... brand, you'll need to ensure you have the correct insurance before you can sing 'to market, to market we go ... exposes you to a wide range of potential risks. Insurance for market stall holders is designed to protect you ...

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5 Common Beauty Insurance Claims

As much as we like to hope otherwise, unexpected events happen! Things can go dreadfully wrong despite the best efforts we take to prevent them and the simplest of ... and show you just how much having good business insurance coverage can save a small business in these ... and safeguard against them by making sure you have the right insurance policies in place. It's also a wise idea to ...

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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