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

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Insurance for Professionals

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

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5 Surprising Things Business Insurance Can Cover

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Insurance for Car Wash and Auto Detailers

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Help Protect your small business' reputation

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A Mumpreneurs Guide to Understanding Business Insurance

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Insurance for IT Professionals

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7 Types of Insurance Your Small Business Should Consider

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Insurance for Retailers

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Insurance for Allied Health Professionals

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Insurance for Restaurants

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Home Based Business Insurance

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Insurance for Project Managers

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

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7 Things Accountants Needs to Consider When Applying For Professional Indemnity Insurance

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Protecting your Business from Cyber Risks - Part 2

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

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Is Your Businesses Target for Cyber Criminals?

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Protecting your Business from Cyber Risks - Part 1

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Scams & Cybercrime at Tax Time

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Business Insurance Guide for the Self-Employed - Part 4

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Insurance for Finance & Mortgage Brokers

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

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What are the Insurance Options for Land Surveyors?

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Insurance for Gift Shops

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Insurance for Consultants

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Insurance for Marketing Consultants

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Understanding Insurance for Mortgage Brokers

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Insurance for architects- the blueprint to success

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Understanding Insurance for Real Estate Agents

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

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Business Horror Stories

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Insurance for Land Surveyors

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Insurance for Accountants

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Insurance for Psychologists

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Insurance for Recruitment Consultants

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Five Tips for Starting your Home-based Business

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Turn the spotlight on hackers and protect your data

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The Risks of Growing Your Small Business

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Insurance for Real Estate Agents

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

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The Risky Business of Insurance

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Insurance by Industry

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Bizcover and National Retail Association

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Insurance for Nurses

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Insurance for Restaurants & Cafes

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Insurance for Registered Migration Agents

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

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

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

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BizCover Celebrates Third Consecutive Fast 50 Ranking

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5 Things to Consider When Buying Public Liability Insurance

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Who is Covered Under an IT Liability Policy?

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Allied Health Combined Liability Insurance

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Public Liability PPC

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Legal Requirement for Public Liability Insurance

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Information Technology Liability Insurance

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Management Liability Insurance

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What is Public Liability Insurance?

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Public Liability

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Public Liability Insurance in Perth

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Public Liability Insurance in Rockhampton

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Public Liability Insurance in Mandurah

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Public Liability Insurance in Darwin

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Public Liability Insurance in Brisbane

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Do I need Public Liability insurance?

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Public Liability Insurance for Cabinet Makers

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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