Data Breaches & Hacking
If you want to protect yourself from breaches to your network, data and private information, Northsure Insurance Brokers will help you source cyber liability insurance that’s suited to your business.
Cyber damage is an extremely costly form of risk, with many businesses reporting cyber incidents every year. That’s why an up-to-date insurance policy is so important. With the cyber world growing and changing every year, it’s imperative that you find cyber liability coverage catered to the current set up of your business.
The team at Northsure Insurance Brokers will help protect you in the event of data breaches, failure to protect private information and damage caused by hacking. These policies also cover your business for any interruptions caused by breaches.
Computers and technology are only going to become more essential to running a business. Cybercrime will grow along with it. Make sure you stay ahead of the curve!
Failure of IT Products
Cyber liability insurance protects you against any legal liabilities related to the failure of IT products or in the delivery of services or advice. Combining professional indemnity, public liability and product liability—this policy is ideal for businesses that rely heavily on computers and deliver IT services to clients across Australia.
The team at Northsure Insurance Brokers can walk you through the intricacies of your coverage, and give you an in-depth understanding of the policy. The costs associated with IT failure and incorrect advice can be enough to cripple your business.
If your concerns are more related to cyber crime, Northsure Insurance Brokers can help there too. Sometimes these policies include an incident response team consisting of IT forensics, lawyers and credit monitoring specialists—making the process of undoing the damage easier and less time consuming!
Notifying Affected Parties
If your business data is breached, you will be expected to notify any affect parties. Often, this will require security fixes and identity theft protection for those impacted by the breach. Further, you may also leave yourself open to possible legal action—which can interrupt your business, divert your cashflow and hurt your reputation.
Cyber liability insurance covers you for these exposures, and can often compensate for some or all of the loss of income caused by the interruption. To learn more about what’s possible with cyber insurance, talk to the team at Northsure Insurance Brokers.
Physical vs. Digital
Your business may rely more heavily on IT products than it does data—or vice versa. That’s why it’s important to seek the help of an experienced insurance broker.
We can determine which cyber insurance best suits the needs of your business. If you are looking to protect against equipment failure over possible breaches, we will take that into account and source a policy you can depend on.
Our goal is to give clients access to information they can trust, so they can make a decision with assurance and peace of mind.