Protects your business against financial loss caused by technology and communications
Reliable Cyber Insurance in Perth
Cyber Insurance
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Cyber crime is on the rise!
Data breach reporting is compulsory for businesses – ensure you’re protected!
Cyber Insurance helps protect your business from the financial impact of computer hacking, data breaches, and other cyber crimes.
Policies can cover a range of benefits, including:
First Party Losses: Business interruption, cyber extortion, and electronic data replacement
Third Party Losses: Defence costs, security and privacy liability, regulatory breach liability, and electronic media liability
Extra Expenses: Crisis management, notification and monitoring costs
Cyber crime can take many forms, including identity theft, cyber stalking, malware, and viruses. Anyone using a computer, mobile phone or tablet is at risk.
Technology is advancing rapidly. Today, enormous amounts of data can flow in and out of a single business network almost instantly. Whilst covering your premises and staff remains essential, it is equally important to protect your company from cyber risks.
Why Cyber Insurance Matters
A Cyber Insurance policy ensures your business can respond and recover if a technology-related incident occurs, helping to minimise financial and reputational damage.
Training and Prevention
All businesses should also consider regular online training through Cyber Wardens. Trusted by thousands of Australian small businesses, Cyber Wardens provide simple, government-supported courses to help owners and employees stay cyber safe.
For more information on Cyber Wardens or to discuss Cyber Insurance for your business, contact our team today.
To learn more, check out our blog articles here.
For more information or for a free quote, call our team today on (08) 9302 2885
Terms, conditions, limits and exclusions apply to the products referred to above. The information provided here is general advice only and has been prepared without taking into account your objectives, financial situation or needs. You should consider these, having regard to the appropriateness of this advice, and the relevant Product Disclosure Statement, available by calling us on (08) 9302 2885, before deciding to acquire, or to continue to hold, this product.
Q1. What does Cyber Insurance cover?
Cyber Insurance can cover First Party Losses (business interruption, cyber extortion, electronic data replacement), Third Party Losses (defence costs, security and privacy liability, regulatory breach liability), and Extra Expenses like crisis management and notification costs.
Q2. Is data breach reporting compulsory for Australian businesses?
Yes, data breach reporting is compulsory for businesses in Australia, making it important to have appropriate cover and response plans in place if a breach occurs.
Q3. What counts as cyber crime for insurance purposes?
Cyber crime includes identity theft, cyber stalking, malware, and viruses — any business using a computer, mobile phone or tablet is potentially at risk.
Q4. Do small businesses really need Cyber Insurance?
Yes — cyber crime is increasing and any business handling data, payments, or online communication is exposed, regardless of size, which is why Cyber Insurance is now considered as essential as premises or liability cover.
Q5. What's included in "First Party Losses" under a Cyber policy?
First Party Losses typically include business interruption, cyber extortion, and the cost of replacing electronic data lost or corrupted in a cyber incident.
Q6. Can Westralian Insurance help with staff cyber-safety training, not just insurance?
Yes, Westralian Insurance points clients toward Cyber Wardens, a government-supported, free online training program that helps business owners and employees stay cyber safe.
Q7. What happened when a cyber criminal impersonated a client's customer via email?
In a real case handled by Westralian Insurance, criminals hacked a customer's email and fraudulently ordered $50,000 of goods; after the insurer initially rejected the claim, the broker overturned the decision using the policy's Professional Indemnity and Cyber Insurance sections, and the claim was paid in full.
