A Cyber Insurance Policy can protect your business. It is important to remember that your Business Liability Insurance doesn’t cover you for a Cyber Attack or Data Breach.
Since its inception, insurance has always served to manage risk. In the 17th century, a fire could destroy a shop front, records, and an entire business. Fire insurance served as a means of managing this risk both financially and actively, as insurers owned fire brigades.
The Australian Government estimates almost 700, 000 businesses have experienced a cyber crime, 60% of these attacks were targeted at small to medium size business with the average cost of a cyber crime being in excess of $275, 000.
Chartered Accountants Liability Limited by a Scheme under the Professional Standards Legislation - AFSL 229302 | Peter Vickers Insurance Brokers Pty Ltd AFSL 229302 ACL 229302
Peter Vickers Insurance Brokers is part of the Steadfast broker network.