Cyber Insurance
Guard Your Business Against Cyberattacks
In today's digital battleground, cyberattacks can cripple operations and foreclose the future of your business. Safeguard your enterprise with customised cyber insurance solutions designed for Australia's dynamic business landscape.
Unlock Robust Protection with Cyber Insurance
Cyber insurance offers a safety net against digital threats. Shield your business from potential losses and ensure continuity in the face of cyber challenges.
Business Interruption Coverage
Compensates for income loss during system downtimes caused by cyber incidents, keeping your cash flow steady.
Data Recovery Costs
Covers costs to restore and decontaminate data after breaches, ensuring swift operational recovery.
Defence and Regulatory Support
Provides for defence costs and regulatory fines arising from data breaches, maintaining your compliance and reputation.
Public Relations Management
Funds PR efforts to manage reputation post-incident, including notifications and efforts to preserve client trust and brand image.
Cyber Extortion Defense
Offers financial assistance and expert negotiation in ransomware situations, mitigating extortion impacts.
Our Process
Our streamlined process ensures tailored coverage, competitive terms, and ongoing support for your insurance needs.
Assessing Your Needs
Conduct a detailed risk assessment to identify specific coverage requirements, budget constraints, and unique risks. Develop a customised insurance solution tailored to your business.
Assessing Your Needs
Conduct a detailed risk assessment to identify specific coverage requirements, budget constraints, and unique risks. Develop a customised insurance solution tailored to your business.
Insurer Selection & Market Research
Research the insurance market to identify suitable providers. Compare coverage options, terms, and pricing. Negotiate with insurers to secure the best terms and policies.
Policy Recommendation
Present a range of policy options and provide clear explanations of their coverage and implications. Assist you in selecting the best policy to meet your specific needs.
Policy Submission & Confirmation
Submit the selected policy application and coordinate with the insurer during underwriting. Review the final policy documents and ensure all details are accurate before providing you with the confirmed coverage.
Ongoing Support & Adjustments
Provide continuous assistance with claims, policy reviews, and adjustments as your business evolves. Ensure your coverage remains aligned with changing risks and project needs for long-term protection and peace of mind.
Expertise That Works
Shield Your People, Data, and Operations
Understanding and mitigating cyber risks in Australia requires specialised, region-specific knowledge. Knightcorp's team delivers leading-edge expertise to customise cyber insurance solutions for your business.
- Expertise in Australian Privacy Laws: In-depth knowledge of the Australian Privacy Act 1988, ongoing privacy legislation changes, and Notifiable Data Breaches Scheme ensures compliance with legal obligations.
- Cyber Risk Assessment: Expertise in evaluating digital vulnerabilities, identifying potential threats, and creating proactive strategies to manage cyber risk.
- Incident Response & Crisis Management: Guidance on responding to cyberattacks, from containing breaches and recovery to ensuring business continuity and government reporting obligations.
Leadership
Meet Stuart
As Practice Lead for Financial Lines, Stuart Quigley specialises in guiding businesses through the complexities of Cyber Insurance. With over 22 years of experience, he leads the development of tailored solutions to safeguard organisations against evolving cyber threats. Stuart’s expertise ensures clients are protected from financial and reputational risks in an increasingly digital world.
Frequently Asked Questions
Demystifying Insurance
What does Cyber Insurance typically cover?
Cyber insurance protects first- and third-party businesses against financial losses from cyber incidents like data breaches, ransomware attacks, and system hacks.
What types of cyber threats are most common in Australia?
Australian businesses frequently face ransomware attacks, phishing scams, data breaches, and Distributed Denial-of-Service (DDoS) attacks.
Cyber coverage varies. How do I determine the right coverage for my business?
Assess your digital assets, data sensitivity, and potential risks. Consulting with a specialised insurance broker can help tailor coverage to your needs.
What happens in the event of a cyberattack?
Cyber insurance gives you access to a Cyber Incident Response Manager to manage and coordinate the response to an incident. Coverage often includes data breach response, legal and regulatory expenses, business interruption losses, cyber extortion payments, and public relations efforts.
Does Cyber Insurance cover third-party claims?
Yes, most policies include liability coverage for claims made by customers, vendors, or partners due to data breaches.
Industries
Industries We Protect
