Credit: Too Small to Fail? Chubb's Australia SME Cyber Preparedness Report
What can cyber insurance cover?
While you can’t always prevent a cyber attack, you can be protected against one. A cyber insurance policy can cover you for expenses related to the following:
- Interrupted business
- Hiring negotiators and paying a ransom
- Recovering or replacing records or data
- Liability and loss of third-party data
- Defence of legal claims
- Copyright infringement
- Misuse of intellectual property online
- Crisis management and monitoring
- Prevention of further attacks
It is important to remember that your business liability insurance doesn’t cover you for a cyber attack or data breach.
How we can help
Our insurance brokers currently work with several underwriters who offer cyber insurance products to ensure we remain ahead of this evolving threat and are able to offer the best protection possible to our clients. We aim to bring you the best policy that supplements your current business insurance. For further information you can read about our full cyber protection brochure here. Alternatively, to talk to one of our experts you can email us using the button below.