Cyber Insurance

Insurance Solutions for Australian Businesses

Protect your business from digital threats, data breaches, and costly cybercrime.

In today’s connected world, businesses of every size face increasing exposure to cyber attacks, data loss and privacy breaches. Whether you’re storing client data, processing payments, or relying on cloud software to operate-your business is vulnerable.

Cyber Insurance provides financial protection and expert support if your systems are hacked, your data is compromised, or your operations are disrupted due to a cyber event.

What Is Cyber Insurance?

Cyber insurance covers the costs associated with cyber incidents such as:

Hacking and ransomware attacks
Data breaches and privacy violations
Business email compromise (BEC)
System outages and denial-of-service attacks
Theft of funds or customer information
Employee error or phishing scams

It’s more than compensation-it includes expert crisis response, legal assistance, forensic IT support and PR management to help your business recover quickly and compliantly.

Did You Know?

Many business owners think: “We’ve got an IT provider, so we don’t need cyber insurance.”

The reality? Your IT company may help prevent incidents-but they don’t cover the cost when something goes wrong.

Cyber insurance is about financial protection, not firewalls. You’re still the one liable for legal claims, business losses, and reputation damage.

Key Sections of Cover

Cyber insurance policies typically include the following:

First Party Losses

Covers direct costs your business suffers from a cyber event:

Incident response costs - forensic investigations, breach notifications, credit monitoring
Business interruption - lost revenue due to systems being down
Cyber extortion - ransom payments and response costs
Data restoration - recovering or re-creating lost digital assets
Theft of funds - cover for certain types of fraudulent electronic transfers
Reputational repair - public relations and crisis communication support

Optional Extensions

Tailor your policy with cover relevant to your business operations:

Social engineering fraud - protection against fraudulent payment redirection (BEC scams)
Bricking cover - for devices rendered unusable by malware
PCI DSS fines & penalties - for businesses handling card payment data
Reputational harm extension - income loss due to ongoing reputational fallout

Third Party Liability

Covers claims made against your business due to data breaches or cyber-related incidents:

Privacy breach liability - compensation for exposing sensitive personal or commercial information
Regulatory investigations - legal costs and penalties from authorities like the OAIC
Media liability - covers defamation, copyright or IP breaches related to online content
Contractual liability - protection if you fail to meet your data or security obligations under a contract

Who Needs Cyber Insurance?

If your business sends emails, handles customer data, or processes payments-you’re at risk.

Cyber insurance is essential for:

Businesses handling sensitive customer or patient information
Anyone using cloud-based platforms like Xero, MYOB, or CRMs
Companies accepting online payments or storing financial data
Any business that uses email for invoicing or payments and could be tricked into paying a fraudulent account
Professional services (e.g. accountants, lawyers, consultants)
Healthcare providers and clinics
Retail and e-commerce operators
Trades, contractors and mobile service businesses
Manufacturers using automation or online orders
Schools, not-for-profits, and membership organisations

Even if you outsource IT or use secure platforms, you’re still legally responsible for your data and transactions.

Real Cyber Threats Facing Australian Businesses

Ransomware attacks - Small businesses are often the most vulnerable
Business email compromise - Invoice redirection scams cause major financial loss
Privacy breaches - Trigger regulatory fines and legal claims under the Privacy Act 1988 (Cth)
Mandatory breach notifications - Required by law, with penalties for non-compliance
IT providers can’t cover your losses - Cyber insurance fills the gap

Why Work with Us?

Tailored Cover

Designed to match your sector, size and specific exposures

Claims Support

Access to forensic IT, legal, and crisis response experts

Australia-Wide Cover

Protection that follows your business

Flexible Limits & Add-ons

Scalable options for businesses of all sizes

Compliance Help

Support with data protection obligations and breach response

Get in touch

Need Advice or a Quote?

Cyber risks are growing fast-make sure your protection keeps pace. We help Australian businesses build reliable cover that supports operational resilience and peace of mind.