Professional Indemnity Insurance – What Is and Isn’t Covered?

24 April, 2024

Protect Your Business with Business Interruption Insurance

By Ashlee Stephens

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Your Business with Cyber Insurance

Protect your business against data and identity theft, cyber attacks, and hacking. Businesses have websites and online data that are susceptible to cybercrime, and the consequences can be extraordinarily extravagant. Generally, Cyber insurance helps cover your business, customers, and other parties from financial loss following a breach of cybersecurity. It covers your business’ liability for a data breach that involves sensitive customer information.

Coverage may include costs associated with:

  • Revenue loss caused by business interruption
  • Negotiators
  • Data recovery or replacement
  • Third-party data loss and liability
  • Legal defence claims
  • Government investigation
  • Copyright infringement
  • Intellectual property misuse (online)
  • Crisis management and monitoring
  • Prevention of further attacks

Often, there is a deductible or limits and excess on cover, so make sure to have a cross-check with us. Cyber insurance can be customized to suit your business needs and size, offering tailored solutions for small businesses, enterprises, and everything in between.

With the increasing frequency and sophistication of cyber threats, having cyber insurance is becoming essential for businesses of all sizes. It provides financial protection and support to help your business recover quickly from cyber incidents and minimize the impact on your operations and reputation.

Our experienced team can help you assess your cyber risk exposure and find the right cyber insurance policy to protect your business. Don't wait until it's too late – safeguard your business with cyber insurance today!

For more information or to get a quote, contact us at contactus@arenainsurance.com.au or call 02 4067 5203.