cyber insurance policy

Cyber Insurance – Is Your Business Protected From Internet-Based Risks?

Does your business use computers? The internet? Storage devices? We’d be surprised if anyone could answer no. But many business owners are putting their business at risk by not considering cyber insurance.

  • Could your business survive without internet access?
  • Could your business survive if your server was hacked or infected with a virus?
  • Could your business survive if the private information you had stored is stolen?
  • Could your business survive if you had to pay a ransom for your own information?
Nobody is safe

Did you know:

  • More than 20% of Australian businesses experienced cyber crime in 2012 (CERT Australia)
  • And 40% of all attacks were directed at SMEs (Symantec)
  • People hack and access systems from anywhere in the world at any time of day
  • The cost is significant – in 2013 the average cost of a data breach to an Australian organisation was $US4.1 million

Cyber insurance can provide cover for:

  • Claims made against you for compensation, fines and penalties from alleged unauthorised access to your stored private information
  • Claims made against you for intellectual property, trademark or copyright infringement
  • Claims made against you alleging criticism of product or services and defamation
  • You can claim for interruption to your business – reimbursement for lost profits as well as necessary expenses incurred to maintain your business as a result of an interruption
  • You can claim for reimbursement of your own costs including credit monitoring, cyber extortion, data restoration, forensic, notification and public relations costs, and legal representation expenses.

If you would like to know more or would like a quote – call Carbon Insurance Brokers on 08 9446 8588.

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