Cyber Liability Insurance covers your business against the expense and legal costs associated with data breaches, which may occur after being hacked or from the theft or from loss of client information (you could even be covered for a data breach when leaving a laptop in a taxi).
Expenses include the cost of business interruption, forensic investigation and data recovery, extortion (a fancy word for virtual hostage!) and crisis management costs to salvage your business reputation after a data breach from a cyber attack. The policy also covers the financially crippling costs of defending yourself, mandatory notification costs and other legal costs.
Business interruption costs
Investigation and data recovery costs
Fines and penalties
Extortion costs
PR and crisis management costs
INFORMATION BROCHURE
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The information on this website does not take into account the objectives, financial situation or needs of any person. Before making a decision, you should consider whether it is appropriate in light of your particular objectives, financial situation or needs.
The House of Lords Pty Ltd T/as Lords Insurance Services is an Authorised Representative of Resilium Pty Ltd ABN 40 098 080 810 AFSL No 232703 and Resilium Insurance Broking Pty Ltd ABN 92 169 975 973 AFSL No 460382
We subscribe to and are bound by the Insurance Brokers Code of Practice, a full copy of which is available from the National Insurance Brokers Association (NIBA) website,www.niba.com.au