While cyber insurance cannot protect your business from an attack, it is designed to help with the prompt recovery of your business following a breach. So, your business can get back on its feet with minimal disruption to your day-to-day operation and importantly your reputation. Insurance coverage options may include:
• Costs of Notifying Effected Parties • Credit Monitoring • Cyber Extortion/Ransom • Damage or Destruction of Digital Assets • Reputational/Public Relation Expenses • Non-Physical Business Interruption / Profit Loss due to a breach • Fines / Penalties and Investigative Expenses related to a breach • Cost of Repairing or Restoring IT Systems and Data Restoration
• Security and Litigation Expenses • Regulation Defence, Awards and Fines • Cost of Repairing or Restoring IT Systems
We are an Australia owned and operated insurance brokerage, who are here to help not only with sourcing, negotiating great rates and managing your insurance policies on your behalf; but also to support you when it matters the most — claims time. So, you can rest assured that you will have the support you need to navigate the tough times and receive the best outcome possible. Additionally, as we are licensed to assist you with both life and general insurance products, we can manage all your business and personal insurance policies, under the one roof — saving you time and money.
As we enter a new decade, our evolution into a web-based society is showing no signs of slowing down. While our trust in electronic communication and storage systems continue to grow; it is important that as business owners, we consider the subsequent vulnerabilities that our companies are now becoming exposed to. One of our biggest threats on that front is course, cyber hacks.
Our cyber security is something that is often overlooked; however we remind you that in today’s day and age the distribution or destruction of our clients or company’s personal details, communication, operating processes or databases; – can have a comparable financial impact (often greater) in terms of disruption to business production, legal liabilities and so forth, than that of the office/warehouse building burning down — something we wouldn’t hesitate to insure.
Furthermore, cybercrime has been found to cost the Australian economy up to $1 billion annually (i); with an unfortunate focus on small-medium sized businesses – due to many companies lacking adequate protection.