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Cyber Liability Insurance
Protect your Intellectual Property and Confidential Data with Cyber Insurance.
Hackers are people, doing real damage to businesses across the globe, including Australia. Any company that holds information has a risk exposure.
Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records.
Coverage:
First Party
• Incident Response – from an actual or suspected cyber event – often nil deductible
• Business Interruption – loss of net profit and continuing operating expenses
• Data and System Recovery – increased cost of work, data recovery costs, additional business interruption mitigation
• Cyber Extortion – extortion payments and negotiation
Third Party
• Privacy and Network Security Liability - liability following data breach or failure of network security:
– PCI DSS contractual fines and penalties
– Consumer redress fund
– Regulatory fines and penalties (where legally insurable) - GDPR
• Media Liability – liability following defamation or infringement online
GET IN TOUCH
We'd love to hear from you
Address: Level 6, 44 Market Street, Sydney NSW 2000
Post: Locked Bag Q4008 QVB NSW 1230
Phone: (+61) 2 8297-4488
Fax: (+61) 2 8297-4499