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Cyber Insurance Policy – Secure Your Business From Online Threats

Arena Insurance Br...

Nov 11, 2021
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Business Insurance Cyber Insurance Liability Insurance Business Interruption Insurance Technology Sector Insurance IT Services Insurance

Protect your business against data and identity theft, cyber attacks and hacking. Businesses have websites and online data that are susceptible to cyber crime and the consequences can be extraordinarily extravagant. Generally, Cyber insurance helps cover your business, customer and other parties from financial loss following a breach of cyber security. It covers your business’ liability for a data breach that involves sensitive customer information. Coverage may include costs associated with:

Revenue loss caused by business interruption
Negotiators
Data recovery or replacement
Third party data loss and liability
Legal defence claims
Government Investigation
Copyright infringement
Intellectual property misuse (online)
Crisis management and monitoring
Prevention of further attacks

Often, there is a deductible or limits and excess on cover so make sure to have a cross-check with us. It is essential for your company to respond in the event of a cyber attack or data breach and that’s when cyber insurance comes in handy.

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General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Ashlee Stephens, Arena Insurance Brokers, ABN 68 663 852 068, AFSL 233750

This article originally appeared on Arena Insurance News and has been published here with permission.