Business insurance
Cyber Insurance
Cyber incidents can disrupt systems, compromise data and create significant response costs. Cyber insurance can provide selected first-party and third-party protection for covered events, which may include incident response, forensic investigation, data restoration, business interruption and liability. Coverage varies significantly between policies.
Points to check
- Cyber insurance is not a substitute for security. Check insurer requirements for backups, access controls and other safeguards.
- Review section limits, sublimits, waiting periods and exclusions for the incidents relevant to your business.
- Know the insurer’s incident response and notification procedures before engaging providers or incurring costs, while taking appropriate immediate security action.
Key considerations
- Incident response
- Data restoration
- Business interruption
- Privacy liability
Important information
Eligibility, cover and acceptance are subject to the relevant insurer’s criteria, policy terms, conditions, limits and exclusions. Review the relevant Product Disclosure Statement and policy documentation before deciding.
Start a conversation
Talk to CPC about your circumstances and the insurance options that may be available.