Cyber Insurance

Cyber crime and extortion is a global issue, and affects Australian businesses of all sizes and industries, now more than ever. Working with an experienced cyber insurance broker can be an invaluable investment to help you recover more swiftly and effectively in the event of an attack.

A growing concern

Cyber crime is on the rise, with the latest report from the ACSC reporting an increase of 13% in incidences up on the previous year. Cyber crime doesn’t discriminate, with individuals as much targets as business and large corporations. 

Cyber insurance is a type of insurance that provides you with coverage for losses that may arise from threats including cyber attacks, data breaches, and fraud. Because these sorts of threats are becoming more and more prevalent – and the fallout extensive – it is wise to ensure you’re appropriately safeguarded sooner rather than later.

Know the risks, know your needs

Whether you need coverage as an individual or for your business, cyber insurance can help you to mitigate the financial impact of a cyber attack, which may include legal fees, forensic investigation costs, data recovery and resourcing to help you to minimise reputational damage. 

When searching for a cyber insurance policy it is important that you are fully aware of your needs and potential risks, so that you can ensure that you have the right coverage to suit you. Our team of advisors can help you assess in detail your individual or organisational needs and suggest options that will maximise your coverage. 

Key policy features

The right cyber insurance policy for you will: 

  • Mitigate the level of damage caused by a cyber attack
  • Provide financial and strategic support
  • Enable fast reaction times to help you recover quickly
  • Assist with ransom costs payable as a result of cyber extortion
  • Cover business interruptions caused by system downtime. 

We’re in the business of making acquiring cyber insurance as smooth as possible. We will be able to assess your business risks in detail and liaise with our network of trusted cyber insurance providers to find a policy that best mitigates your individual risks. 

Get in touch

Please get in touch to discuss your business and commercial insurance requirements or for a free, no obligation quote.