What is Cyber Insurance?

Cyber Insurance is a form of insurance designed to protect businesses and individuals from the financial losses and liabilities associated with cyber-related incidents.

What does Cyber Insurance cover?

It covers expenses incurred due to data breaches, cyber-attacks, and other cyber incidents. It helps businesses to recover faster from financial losses and liabilities associated with cyber incidents.

It’s important to note that cyber insurance policies may have specific limitations and exclusions, and the coverage can vary among insurance providers.

It will protect your business to recover with costs that can include:

  • Client lawsuits and Legal fees relating to a cyber event
  • Business disruption
  • Revenue loss
  • Equipment damages
  • Public relations expenses due to defamation or loss of reputation
  • Forensic analysis
  • Costs associated with legally mandated notifications.


In today’s digital age, cyber insurance is particularly important and recommended for any business that relies on technology and holds electronic information, from client databases to financial records and documentation.

Austbrokers’ Insurance Brokers can help you understand your risk and provide you with expert advice and tailored solution insurance options to best suit your needs. Find an Austbrokers Broker near you today!


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