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How cyber secure are you?

Cyber insurance for Australia businesses

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Breach response costs

Cyber extortion

Security and privacy liability

About LA Insurance

Our knowledge of the local insurance industry is second to none and our experience in handling insurance for thousands of clients enables us to provide advice you can always trust. It also means you’ll benefit from access to unrivalled financial strength, business eiciencies and buying power spanning every major insurer in Australia and New Zealand and access to major overseas insurers if and when required.

7898

Part of IA Network

This delivers the strength that allows LA Insurance the benefit of maintaining its local presence, whilst also being part of a national group for the products and services needed by our customers in today’s increasingly complex business world.

LA_Insurance_Choice

You get More Choice

Insurance is no time for compromise. It’s vital to have access to a wide range of insurance options so, once identified, your needs can be effectively met. That’s why we have active relationships with more than 100 major insurers.

LA_Insurance_Trust

More than an insurance broker

Let us take the hassle out of insurance by managing everything for you, so you can enjoy peace of mind.. Our team of experts handles all the necessary paperwork, negotiations, and follow-ups, ensuring that your insurance needs are met.

About LA Insurance

Our knowledge of the local insurance industry is second to none and our experience in handling insurance for thousands of clients enables us to provide advice you can always trust. It also means you’ll benefit from access to unrivalled financial strength, business eiciencies and buying power spanning every major insurer in Australia and New Zealand and access to major overseas insurers if and when required.

7898

Part of IA Network

This delivers the strength that allows LA Insurance the benefit of maintaining its local presence, whilst also being part of a national group for the products and services needed by our customers in today’s increasingly complex business world.

LA_Insurance_Choice

You get More Choice

Insurance is no time for compromise. It’s vital to have access to a wide range of insurance options so, once identified, your needs can be effectively met. That’s why we have active relationships with more than 100 major insurers.

LA_Insurance_Trust

More than an insurance broker

Let us take the hassle out of insurance by managing everything for you, so you can enjoy peace of mind.. Our team of experts handles all the necessary paperwork, negotiations, and follow-ups, ensuring that your insurance needs are met.

What is Cyber Insurance ?

At LA Insurance, we understand the importance of protecting your business.
We live in a world where cyber criminals are inventing more sophisticated means to get into our systems and take advantage of people. It’s as simple as clicking a link or losing your phone these days.
So, is your business covered?

What does it cover?

There is a wide range of cyber insurance available, all cover liability to third parties for passing on viruses. Other policies cover damage to your own networks. Some additional sections that we recommend be considered include:

  • Incident response – specialists to identify the issue and repair;
  • Lost income and additional costs related to the incident;
  • Data recovery and restoration;
  • Consumer notification costs and ongoing monitoring costs;
  • Legal defences costs;
  • Cyber extortion management and fees;
  • Management of communications with regulators.

Why should you get cyber insured?

Cyber insurance is a specialist insurance policy, which provides cover against cyber incidents or attacks, which are not covered by other insurance policies, such as professional indemnity, management liability or business packs. This could potentially leave a gap in cover. A cyber insurance policy will also pay for legal costs, crisis managers, and payment of credits and refunds to customers.

Best practice in cyber risk management is for companies to undertake scenario planning to consider the possible outcomes of a cyber-attack. Organisations that undertake proper scenario analysis for cyber put a financial value on both the tangibles, such as forensic investigation costs and the intangibles, such as damage to brand reputation.

Cyber Insurance

At LA Insurance, we understand the importance of protecting your business.
We live in a world where cyber criminals are inventing more sophisticated means to get into our
systems and take advantage of people. It’s as simple as clicking a link or losing your phone these days.
So, is your business covered?


Some of the key inclusions we look after (but not limited to) are:

Incident response costs

Business income loss

Data restoration

Cyber Insurance coverage Typical cyber insurance policies protect businesses against:

Business interruption losses

Covers financial loss you may suffer as a result of a cyber-attack cyber extortion T The costs of recovering or replacing your records and other business data security and privacy liability

The costs of a cyber-attack

The costs, such as hiring negotiation experts, covering extortion demands and prevention of future threats electronic data replacement.

Damages to your reputation

resulting from data breaches, such as loss of third-party data held on your system defence costs. Funds the legal costs of defending claims regulatory breach liability

Covers legal expenses

and the costs of fines arising from investigations by a government regulator electronic media liability. The costs of copyright infringement, defamation claims and misuse of certain types of intellectual property online crisis management expenses

Business concept.Text CYBER ASSETS with calculator,glasses and banknote on brown wooden background.

Provides cover for the costs of managing a crisis

caused by cyber hackers notification and monitoring expenses. The costs of notifying customers of a security breach and monitoring their credit card details to prevent further attacks

What are the benefits?

Cyber insurance is a specialist insurance policy, which provides cover against cyber incidents or attacks, which are not covered by other insurance policies, such as professional indemnity, management liability or business packs. This could potentially leave a gap in cover. A cyber insurance policy will also pay for legal costs, crisis managers, and payment of credits and refunds to customers.

Book a consultation to request a quote
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