Cyber and Privacy Protection Insurance

Cyber attacks and breaches of privacy are commonplace these days with businesses and organisations of all types and sizes at risk. Cyber and Privacy Protection Insurance can help protect businesses from the financial impact of a cyber-attack or a privacy breach.

Cyber and privacy protection insurance covers costs associated with unauthorised use or access to intellectual property and proprietary information including personal data, corporate data, outsourcing liability, security liability and potential network interruption.

Costs incurred may include investigations, communications and hardware/software replacement.

Cyber policies are not all created equal, and you need to ensure that you are covered for things that matter if you ever need to make a cyber claim. Our specially crafted cyber insurance policy can protect you for the things that will matter, if you are ever impacted by cyber crime.

Your policy may include:

First party cover:

Crisis Management Expenses – including notification expenses, legal costs, forensic IT expenses, public relations and credit monitoring expenses.

Data Recovery Expenses – costs associated with replacing, restoring and recollecting data.

Business Interruption Expenses – loss of business income due to a cyber event.

Data Extortion Cover – costs associated with ransomware events.

Third party cover:

Security & Privacy Liability – defending claims from third parties, including claim settlements.

Regulatory Costs – investigations and resultant fines and penalties issued by regulators.

Multimedia Liability – costs associated with copyright and libel/slander type claims.

Plus, an experienced claims panel will react quickly and locally, from privacy breach notification to electronic fraud investigation. If your brand is at risk, they will hire PR consultants to manage the impact.

Contact us about Cyber and Privacy protection now to ensure you are covered. Call 1300 242 136 or email insurance@abphillips.com.au