Business Cyber Insurance

Business Cyber Insurance

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Cyber Insurance - Is it worth it?

... or actions of an employee with a grudge, you may not be coveredby your Business Interruption policy.This is where Cyber Liability insurance provides cover. Cybercrime is a real threat. Make sure you have the right cover ...

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How Cyber Insurance Protects Small Businesses

... Cyber Liability insurance is designed to protect you below. Cyber liability insurance is a type of business insurance which protects your business ... company Who needs Cyber Liability insurance*? Cyber Liability insurance ...

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Cyber Liability Insurance Explained

... Cyber Liability insurance typically cover? Cyber liability insurance is a type of business insurance which protects your business ... breach against your company Why do I need to consider Cyber Liability insurance? A common ...

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Cyber Liability Insurance

... , no paperwork, no delays What’s covered? What is Cyber Liability Insurance? Cyber liability insurance is a type of business insurance which protects your business against both the legal costs and expenses related to ...

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Help Protect your small business' reputation

... year at a cost of $257 million in 2016 alone (1). . If your business were to be the victim of a cyber attack, Cyber Liability insurance is there to help by providing coverage for expenses and legal costs (which can add ...

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Insurance Options for Retailers

... to sell products, access important documents and get on with the daily tasks of running your business. Cyber Liability insurance is designed to help protect your retail store from claims and to support your profitability ...

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Insurance for IT Professionals

... business' reputation. Cyber Liability insurance is a type of business insurance product which protects your IT business ... Having the right insurance pays off A software and hardware design company won a government contract ...

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Insurance for Accountants & Tax Agents

... / bookkeeping Taxation Auditing Business valuations Company secretarial Forensic accounting Receivership ... breaches. Protect your business from hackers or an inadvertent error with Cyber Liability insurance, which provides ...

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Do I need Business Insurance

... it is important to think about Cyber Liability insurance* If you own your business premises, then you may want ... Hi, Just a question I am a Event production company but the only section was Event Management on your form ...

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Insurance for Mortgage Brokers

... the ACC Protect your business today. Business Insurance Business Insurance is designed to safeguard ... profits and confidence in your company. Cyber liability helps you safeguard your business against data breaches, computer ...

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Business Insurance

... Cyber Liability* Cyber liability insurance is a type of business insurance product which covers your business ... action taken against you or your company. Business Interruption* Business Interruption cover protects you from ...

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Insurance for Shop Owners

... types of risks Cyber Liability insurance can assist with are unintended loss or release of customer personal information, cyber-crime, cyber extortion, ransomware and business interruption due to a cyber event. You also ...

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Insurance for Real Estate Agents

... that you will need to protect from data breaches and other malicious cyber threats. In such an event, cyber insurance can help cover your business in the event of: • Forensic investigation costs • Data restoration costs ...

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Insurance for Consultants

... not to mention the potential irreparable damage it can cause to your business' reputation. Cyber Liability insurance is designed to protect your business against the costs and legal expenses if your network is hacked and ...

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How To Start A Small Business

... . Some of the typical kinds of business insurance include: Public Liability insurance Professional Indemnity insurance Business Insurance Cyber Liability Start your new business journey with peace of mind knowing your ...

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How to Open Your Own Retail Business

... as, for example a sole trader or company Get a business number Arrange your tax number with the ... cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Sorting out your business insurance ...

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Insurance for Architects & Designers

... breaches. Reinforce your cybersphere with Cyber Liability insurance., providing protection covering extortion costs, fines and penalties, investigation and data recovery costs, business interruption costs and PR/crisis ...

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10 Ways To Help Protect Your Small Business

... ? An extra measure you can take is by protecting your business is with Cyber Liability insurance* . Cyber Liability Insurance protects your business against both the legal costs and expenses (including compensation ...

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What is Public Liability Insurance?

... court. With the right Public Liability cover, your insurance company will provide much needed funds to cover your legal costs and any compensation claims, leaving your business free of financial risk. Phew! Even the most ...

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Retailer Insurance

... in place, you may be covered for legal costs and expenses related to cyber risks. Protect your business today. * * As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the ...

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Insurance by Industry

... insurance offer includes Professional Indemnity insurance, Public Liability Insurance, Statutory Liability Insurance, Cyber Liability Insurance and Employers Liability Insurance ... of our business insurance professionals. ...

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BizCover and Boost Your Business

... business. We have teamed up with Boost Your Business so that you don't have to do the research or the calling around to different insurance companies ... Parliament. Cyber Liability Insurance* Protects your business against ...

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Insurance for Allied Health Professionals

... occur- that's where Cyber Liability insurance could help. If you work within a fitness facility Public Liability insurance may be a requirement A client may slip, trip or fall on your business premises, resulting in an ...

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Why do brilliant business ideas sometimes fail?

... Public Liability insurance * Professional Indemnity insurance * Business Insurance * Building insurance * Contents insurance * Business Interruption insurance * Portable Equipment insurance* Cyber Liability insurance* It ...

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6 Reasons why some small businesses fail

... : Public Liability insurance* Professional Indemnity insurance * Business Insurance* Building insurance* Contents insurance* Business Interruption insurance* Portable Equipment insurance* Cyber Liability insurance* Don't ...

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Why You Should Review Your Business Insurance

... rent). Some of the different types of Business Insurance options may include: Building * Property (Contents) * Business Interruption * Portable Equipment * Cyber Liability Insurance* - Covers you for losses from claims ...

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BizCover and NZ Retail

... with defending a cyber claim are also covered. Protect your business today. Alternatively, if you prefer to speak to somebody the old fashioned way you can contact our friendly business insurance specialists on 0508 ...

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Understanding the risks for Real Estate Agents

... data you hold on file. If you store confidential data electronically, you may want to consider protecting your business with Cyber Liability insurance to protect you against the costs related to of data loss and other ...

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No Dramas

... against certain breaches of some New Zealand laws (not criminal laws though). Cyber Liability Insurance* Protects your business against expenses (including compensation payments) and legal costs related to cybercrime ...

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Priceme

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BizCover and n3

... anyone . Was waiting for a call back from another company when you guys called back right after going onto your ... how to get in touch with one of our business insurance professionals. You can also access quick links to ...

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BizCover & NZTA

... you don't have to research, review and revise different insurance companies - we've done that for you. With a few ... due to your business operations. Cyber Liability Insurance Protects your business against the expenses ...

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Professional Indemnity Insurance

... reasons why you should choose BizCover for your PI insurance. New Zealand's number one online insurance company We take pride in the 10,000 small businesses we have helped already… and counting. Clear and competitive ...

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Understanding Employers Liability Insurance

... help keep them safe and protected. While there are many different types of insurances available to cover aspects of your business, Employers Liability insurance* is one which you may need to consider when you have a team ...

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What does Public Liability Insurance Cover?

... Injury, illness or death caused by your negligence that is not covered by the ACC For some businesses, Public Liability insurance may be a requirement. For example for some tradies they may have to have a certain level ...

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Insurance for Recruitment Consultants

... Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service portal, where you can download your Certificate ...

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Insurance for Painters

... Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service portal, where you can download your Certificate ...

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How to Market your Business

... be helpful to you as you search for ways to market your business in challenging times. Alongside an effective marketing strategy, having robust business insurance coverages in place will give you the peace of mind if an ...

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How much does Public Liability Insurance cost?

... . It is also important to note that each insurance company assesses risk in different ways, and as such, ... out how to get in touch with one of our business insurance professionals. You can also access quick links to our ...

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6 ways your business can go paperless

... and suppliers in the loop by communicating any changes that may impact the way you do business with them. Have you looked into paperless insurance? Get quick online business insurance quotes sent straight to your inbox.

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Public Liability Insurance Explained

... court. With the right Public Liability cover, your insurance company will provide much needed funds to cover your legal costs and any compensation claims, leaving your business free of financial risk. Phew! Most public ...

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Insurance For Cafes and Restaurants

... to treat yourself to that hard-earned coffee break. Insurance options for retailers https://www.bizcover.co.nz/insurance-options-for-retailers-bizcover/ Running a retail business is fast paced with plenty going on, so we ...

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Employers Liability Insurance

... why you should choose BizCover for your Employers Liability insurance. New Zealand's number one online insurance company We take pride in the 10,000 small businesses we have helped already… and counting. Clear and ...

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Public Liability Insurance

... why you should choose BizCover for your Public Liability insurance. New Zealand's number one online insurance company We take more pride in the 10,000 small businesses we have helped already… and counting. Clear and ...

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Insurance for Tradesmen

... other reasons why you should choose BizCover for your insurance. New Zealand's number one online insurance company We take pride in the 10,000 small businesses we have helped already… and counting. Clear and competitive ...

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Tips On How To Better Your Business This Year

... away. They can help put you on the right path when it comes to sorting out your business insurance. A few small changes to your small business can have a big impact. It's all about working smarter, not harder, so go on ...

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7 Money Saving tips for Small Business in NZ

... can happen even to the best of us. Taking the time to get your business insurance * sorted is something that should be part of your business plan, helping you stay around for the long haul. Taking the time to understand ...

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How To Stay Motivated As A Small Business Owner

... trainers, grocery store owners and plumbers, we understand the types of risks different businesses are faced with. Insurance products purchased through BizCover span from the basics like Public Liability and Professional ...

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What is Professional Indemnity Insurance?

... This was soooo easy to sign up to, all other companies were asking me to fill out a million forms which was ... out how to get in touch with one of our business insurance professionals. You can also access quick links to our ...

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Reviews related to Business Cyber Insurance

  • Would prefer payment methods other than credit card. Being able to pay direct from my business bank account using Poli or other system would make life easier.

    John Cleveland
    Information Technology

  • Its been very easy to re-instate my isurance for the next 12 months. I do not really have any additional comments to make because i have not been provided any special service. I would definitely do business with you again

    Sharon Williams
    Information Technology

  • IT WAS NICE AND EASY TO RENEW THE INSURANCE- THANK YOU FOR A TROUBLE FREE EXPERIENCE

    Janette Wallbutton
    Real Estate

  • Easy to deal with; did as they said. ie when I asked them to call back they did. Normally choosing insurance is a big headache but this was so straightforward and pleasant. I would definitely recommend them. A

    Alisa Drewett
    Medical

  • I found getting insurance from BizCover exceptionally easy, did it over the phone,the representative that I was dealing with explained everything clearly and walked me through the whole process from start to finish.

    Tina Buckler
    Allied Health

  • Compared to the other quotes I was getting and poor customer service I was dealing with, BizCover were friendly and helpful, patient as I said I wasn't ready yet due to waiting for other insurance brokers who were terrible, BizCover kept trying to call bu

    Layla Dowthwaite
    Consultancy Occupations

  • I did fill this in before - don't know what happened to it. I thought the on-line service was good. The real proof about the value of any insurance product though is what happens when you have to claim!

    Alison McDonald
    Consultancy Occupations

  • Nice and fast, but not immediately obvious where to download insurance certificate.

    Charles Brooks
    Consultancy Occupations

  • Extremely easy, user-friendly online purchase process, really good. But like all insurance the value isn?t known until you need to make a claim. I hope if that?s ever needed, that process and customer service is equally as good.

    Angela Clarke
    Information Technology

  • They have competitive pricing but when selecting your insurance product you are completely on your own as the consultants do not provide any advice or recommendation regading the suitability of cover. That is of some concern if the kind of work you do isn

    Monique Princen
    Information Technology

  • The representative said that he wasn't sure if the situation I described was included in the insurance I selected and he would need to check with the under writer and call me back. I thought "yeah right" but he did call back very quickly and then my cover

    Quentin Duff
    Trades & Services

  • Highly recommended way of doing business insurance with out hassles and cost effective

    Peter Digby
    Manufacturing

Independent feedback from our customers rated our service at excellent.

Why does my business need to consider Cyber Liability insurance?

Cyber Liability insurance is designed to help safeguard businesses that use technology in their day-to-day operations. This can be from the simple things like sending an email to storing sensitive customer files and data online to conducting financial transactions online.

As a small business, the potential impact of a cybercrime event could have a dreadful effect on your business. There are things to worry about like the loss of critical client data, operational information as well as your networks capacity taking a beating. It isn’t just the financial destruction that a cybercrime can cause but also the damage to your business’ reputation within the community.

Cyber Liability insurance provides peace of mind for NZ SME’s by giving some much needed protection. It protects businesses against potential threats and exposures like data breaches, system interruptions, hacking and theft.

What is covered?

  • Investigation and data recovery costs
  • Business interruptions costs
  • Fines and penalties
  • Extortion costs
  • PR and crisis management costs

Claims Examples

  • Website hijacked and defaced
  • Computers infected with viruses/malware
  • Data held to ransom
  • Wrong email attachments
  • Lost or stolen devices

Protect your business today.

What type of businesses need to consider Cyber Liability insurance?

A general rule of thumb is that if you conduct any part of your business online then you exposed to the threat of cybercrime. Different businesses may rely and use technology to different degrees, but here are a few examples of some of the typical scenarios of when businesses may need to consider Cyber Liability insurance.

  • If your business uses computers, phones, or any other electronic devices to help keep your business communicate with your clients, you are exposed to the potential risk of a system outage caused by a cyber event
  • Retail and hospitality businesses heavily rely on certain technological equipment and connections to help process things like payment terminals, websites for sales and online booking/customer management systems.
  • Manufacturing businesses majorly rely on their machinery as part of their day-to-day operations. If a virus or attack were to occur on their systems used to operate the machinery, it could cause massive disruptions to the businesses production of stock and products.
  • Small business professionals are also at risk because of the sensitive client information and details that they keep on file in their databases. Not only is there the risk of a cybercrime event but also the potential for a privacy breach to occur.

How can I keep my business cyber safe?

These are a few tips to keep in mind when looking at additional ways to help keep safeguard and prevent your business from becoming a cybercrime victim.

  • When was the last time you checked your IT security plan?
  • Are all your software, malware and virus protection programs up to date across all devices?
  • Do you have an IT register for IT equipment like laptops and mobile phones to track which employees have which devices?
  • Is your IT infrastructure robust?
  • Do you have an incident response plan if a cyber-attack were to occur?
  • Are your employees up to date with cyber training and aware of certain online risks and what to do if they are faced with them

FAQs

How much does a Cyber Liability insurance policy cost?

Like other business insurance policies, the cost of your actual Cyber Liability insurance policy will be unique to your own business’ circumstances and its exposure to risk.

Things like the type of business you are operating, claims history and number of employees are just some of the things insurers will take into consideration when calculating the cost of your policy.

My business doesn’t transact online, do I still need Cyber Liability insurance?

While your business may not have a website, chances are you still use a computer, a local network and server to hold important electronic files and records.

You may also do your business banking online, which involves sending and receiving invoices that may contain sensitive information about your business and your clients. This data could be jeopardised if a cybercrime event were to occur.

Get more information

If you would like to learn more about all things business insurance or perhaps brush up on some tips to help your small business save time and money, head to our blog for an assortment of articles on things small business. Here’s a few to get you started

Cyber Liability insurance explained

While we’re on the topic of all things Cyber Liability insurance, make sure you check out our lingo-free and comprehensive guide that explores all things cyber.

* This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned.

Need Help?

Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. 

You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents. 

 

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