What is Cyber Crime and Cyber Insurance?
While technology continues to make the economy more efficient, it increases the risk of cyber attacks and opens up opportunities for hackers, criminals and malicious acts by known people, such as disgruntled employees.
Businesses increasingly rely on the interconnectivity and convenience of hardware, data storage, cloud solutions to manage data. This increased dependency creates an environment where predicting and preventing potential cyber attacks is difficult.
Cyber attacks have emerged as a serious threat for Australian businesses. The consequences of an attack can be severe, resulting in destruction of assets and reputational damage. As there is only a limited regulatory framework to protect the private sector, businesses need to take action to protect themselves and their liabilities to others.
Cyber Insurance can help organisations get back to business after a cyber attack or a data breach. As organisations become more reliant on technology, insurance products need to adapt to the changing environment. Cyber insurance is a tailor made product that provides comprehensive Insurance cover for liability and expenses a business may incur arising out of unauthorised use of, or unauthorised access to, physical and electronic data or software within an organisations computer network or business.
Cyber Insurance Fact Sheet
Flexible payment options
When it comes to paying for your insurance, we can offer a range of payment options to help improve your cash flow.
Not all insurance policies are the same
Not all insurance policies are the same and you usually get what you pay for. It’s a case of “buyer beware”. We compare the differences between insurance policies which helps us arrange the most appropriate insurance policy for you and provide you with the right advice, allowing you to make an informed decision.
Access to more insurers
We have access to a wide range of insurers, including those who don’t deal with the general public. This provides more options for your consideration and helps ensure you can receive the best level of cover available.
Don’t wait until it’s too late!
There’s so much to take into consideration when deciding which policy best suits your specific needs and requirements. Contact our team of qualified and experienced insurance brokers today for the right insurance cover and the right advice.