Cyber Insurance for Small Business

Don’t leave yourself vulnerable to an online attack, make sure you set up the best protection with cyber insurance for small business.

The team at Insurance Web know the stress and worry involved with running a small business and can help assist you with the most suitable cyber insurance policy to protect you and your business.

To make sure you have the right insurance coverage for your small business, give Insurance Web a call 1300 956 233 or submit an online enquiry here.

What is Cyber Protection Insurance?

As a relatively new form of cover, it’s designed to help protect your business from the financial impact if you are the victim of computer hacking or data breach.

If you are like most businesses which operate a website or electronic records, you are at the mercy of cyber hackers and you could fall victim to a cyber attack costing your business money and potentially putting your customers or clients at risk if their information is released.

Protect your Business with Cyber Insurance Cover

Your business is your livelihood so it’s important to give it the best protection you can.

Cyber insurance policies do vary in the coverage they provide, but products or policies usually include the following:

First party losses

Business interruption losses
Cyber extortion
Electronic date replacement
Hacker Damage to your Website

Third party losses

Security and privacy liability
Defence costs
Regulatory breach liability
Electronic media liability

Extra expenses

Crisis management expenses
Notification and monitoring expenses

Exclusions and payable excess costs can vary but policies generally won’t include cover for:

Damage to computer hardware
Criminal actions committed by your or your business
A cyber attack based on facts of which you were already aware.
Criminals using the internet to steal from you.

To find out more about cyber insurance policies and what cover you may need, talk to a broker at Insurance Web on 1300 956 233.