Cyber Insurance for Businesses
Cyber and computer crime is one of the biggest threats to businesses around the world, and small businesses are especially at risk. With just one successful cyberattack, your business could lose a lot of money and lose its good name. Put cyber security back on your business's agenda and don't let your most important online systems be hacked. With the right insurance, you can protect your digital assets and the private information of your clients and employees.
About us
The IPS Group offers a full spectrum of financial services for individuals, small to medium businesses, and large corporations.
What We Do
From business insurance protection to complex wealth-creation strategies to smarter financial management.
Pillars of Success
A unique drive and dedication to provide financial services in action, whether you require Insuring or Financial Planning.
If you see it, report it
In February 2017, the Senate passed the Privacy Amendment (Notifiable Data Breaches) Bill 2016 – setting up a mandatory nationwide data breach notification scheme. This means if you spot a security breach which may cause unauthorised access or disclosure of personal information, you’re legally required to report it to the Office of the Australian Commissioner within 30 days. You’ll also need to notify the people whose information has been affected
Who is it for?
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 does this Insurance cover?
Cyber insurance policies vary in the benefits they provide. Your insurance broker can help you find the most suitable product that meets the needs of your business.
Here's the type of cover that your policy may include:
- First party Losses
- Third party losses
- Extra expenses
What's not 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.
There are other exclusions which your insurance broker can outline.
Insuring
Planning
Call us today to assess Cyber Insurance options
If you choose us as your insurance brokers, we'll put our years of experience, in-depth knowledge of the industry, and helpful service to work for you to make sure your home, investment property, or portfolio is well protected in case something unexpected happens. No matter what criteria you give, we will research the market to find the homeowner's insurance policy and personal property coverage that fits your needs.