Kochie’s Business Builders Explains Cyber Insurance
To help explain cyber insurance, Steadfast have partnered with Kochie’s Business Builders to produce this short explainer video.
30% of small businesses in Australia experiencing a cybercrime incident
Most cyber attacks are caused by human error the average cost of business was a huge $276,000 in 2015 with over 30% of small businesses in Australia experiencing a cybercrime incident
Why do I need it?
If your business has a website or electronic records, you’re vulnerable to cyber hackers. In fact, it’s likely that your business will suffer a cyber attack at some stage. A cyber attack could cost your business more than money. It could also threaten your intellectual property and put customers’ personal information at risk – which could damage your reputation.
What usually isn’t covered?
Exclusions and the excess you need to pay can vary greatly depending on your insurer. Policies generally won’t include cover for:
- Damage to computer hardware
- Criminal actions committed by you or your business
- A cyber attack based on facts of which you were aware
- Criminals using the internet to steal money from you
Compare Cyber Insurance Quotes from leading Australian Insurers like AIG, Allianz, Brooklyn Underwriting, CGU, Chubb, Dual, Emergence and Zurich.
Please note Cyberliabilitycomparison.com.au Insurance News is an information service sometimes provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
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