Cyber Liability / IT Liability

Most businesses own a computer that handles data and private information. Much of this information is stored digitally and there is always potential for a cyber breach. Everyone — from hairdressers and mechanics to corporate giants — is at risk.

Whether you’re a small business owner or the CEO of a large corporation, cyber insurance can help protect your business from cyber attacks.

How can we help?

Cyber damage is now one of the costliest forms of risk facing Australian companies, with recent statistics showing that 50% of 149 respondents surveyed reported at least one cyber incident in the past year*. As technology becomes more and more essential to running a business and cybercrime evolves, it pays to have an up-to-date insurance policy to ensure you’re protected.

We can help you arrange cover in the following areas:

  • Data breaches
  • Failure to protect private information
  • Damage caused by computer hacking
  • Compensation for business interruption for loss of services not performed

 

* Source: Australian Cyber Security Centre (ACSC)

These incidents can lead to substantial financial losses, reputational damage and legal repercussions. With cyber threats becoming increasingly sophisticated and the number of data breaches on the rise, cyber liability or IT liability insurance has also become more crucial than ever when it comes to safeguarding businesses in Australia from the financial fallout of these incidents.

Protect your business with cyber insurance in Australia

Cyber insurance offers a range of coverages designed to mitigate the financial impact of cyber incidents for businesses in Australia, including:

  • Data breach response: Expenses related to addressing data breaches.
  • Regulatory fines: Coverage for fines and penalties due to a failure to protect private information.
  • Legal fees: This can cover legal costs from lawsuits resulting from a data breach.
  • Infrastructure costs: Coverage for expenses related to digital infrastructure damages.
  • Business interruption: Compensation for lost income and additional expenses from business disruptions.

These protections can spell the difference between whether or not a business is able to survive the setbacks and financial damages brought about by cyber attacks.

Why choose Aviso Broking for cyber insurance?

At Aviso Broking, we understand that every business has unique needs. Our expertise in cyber insurance allows us to offer the right fit for your specific requirements. We work closely with you to assess risks and create an insurance plan, ensuring your policy is well-suited to protect against various cyber threats.

Secure your business against cyber threats with cyber liability insurance from Aviso Broking today.

While you’re here, we encourage you to explore our other business insurance products for added protection.

We'd love to hear from you

We can work with you to build an insurance package to suit your needs, chosen from a wide range of providers.

We’ll simplify the process, giving you the peace of mind that comes with knowing you’re adequately protected.

Call us on 1300 908 404
or email insurance@avisobroking.com.au

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