Skip to content Skip to main menu
I'd like to…

Cyber Liability

The world today is governed by data and online connectivity. The internet enables so much for businesses and the lives of consumers, yet it also creates a huge cyber security exposure to the data-rich systems we rely on to operate.

Cyber Liability Insurance can help protect your business from the raft of serious liability and reputational exposures that can occur as a result of a cyber-attack.

Regardless of how good your company IT systems are, there is no 100% guaranteed way to protect your data. A data breach will not only affect your business, it can negatively impact your clients and customers.

Stolen credit card numbers, financial reports, medical records, birth dates and the loss of sensitive personal data can leave you liable and exposed, causing enormous damage to your bottom line and reputation. Recent changes to the Privacy Act now place even greater onus on Australian businesses to secure the sensitive data they hold, with hefty fines and penalties in place for privacy act breaches.

Traditional insurance policies do not cover losses to your business as a result of a cyber attack. This makes Cyber Insurance essential for all businesses.  

Key benefits:

  • Financial compensation to recoup costs that result from a security breach – including business interruption, IT recovery costs and regulatory fines - which can amount to $1.7 million.
  • Compensation for clients and customers who suffer financially or emotionally as a result of stolen data.
  • Extends to include expenses for legal representation and costs that incorporate forensic and legal counsel.
  • Covers the cost of professional consultants to assist in repairing damage to your company’s brand and reputation.

There are a wide range of suitable covers available for both small-medium enterprises and large organisations.


Who needs cyber insurance? Unbranded from NIBATV on Vimeo.

Please Note: Below are some of the more common insurance policy features, however, the list is not exhaustive and some features may not be offered by certain insurers. Please refer to the insurer-specific policy wording for inclusions, exclusions, terms and conditions. 

Covered Features

  • Cyber Liability Data Security

    Data Security

    Expenses related to cyber extortion or terrorism such as theft of hardware, destruction of data stored on any computer system or theft of access codes from premises, computer system or by employees.

  • Cyber Liability Privacy Breach

    Privacy Breach

    Costs associated with a privacy breach including consumer notification and costs of providing credit monitoring services to affected customers.

  • Cyber Liability Reputational Repair

    Reputational Repair

    Reimbursement of costs incurred in relation to reputational damage, libel, slander, defamation and invasion of privacy.

  • Cyber Liability Network Interruption

    Network Interruption

    Cover for net income that would have been earned and continuing normal operating expenses incurred including payroll as a result of security failure.

  • Cyber Liability Fines and Penalties

    Fines and Penalties

    Costs incurred due to fines or penalties imposed by government or regulatory authorities for a breach of data protection laws.

  • Cyber Liability Defence Costs

    Defence Costs

    Costs for legal advice and representation in connection with formal investigations by authorities.

General Enquiry

Please Enter Name

Please enter your phone number

Please Enter Valid Email

Type of Business Insurance Enquiry
Type of Personal Insurance Enquiry
Type of Strata Insurance Enquiry
Type of Life Insurance Enquiry
Type of Services Enquiry
I would like to receive insurance and product news

The Whitbread Channel

business risk
Andrew Saville

The 2020 Allianz Risk Barometer identifies the 10 most prominent risks faced by businesses this year. How is your business managing these risks to reduce the potential impact on your strategic objectives? The advice and insurance solutions recommended by a specialist insurance broker can be a highly effective way to transfer risk.

Loss of rent
Lia de Sousa

Devastating bushfires plagued much of Eastern Australia last summer, before a deluge of rain arrived, causing severe flooding and widespread damage to an unprecedented number of properties - including residential strata.

In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly, stressful situations are often made worse when people discover their Strata Insurance policy does not cover damage as a result of flood.


Sign up to our newsletter

Please Enter Valid Email Address

Please Enter First Name

Please Enter Last Name