Cyber Insurance for Australian Businesses
Cyber threats disrupt revenue and damage reputations. With 532 OAIC-reported breaches in early 2025, generic cyber insurance isn’t enough to protect your assets.
At Global Insurance Solutions, we go beyond basic cover. Our brokers identify your specific gaps and compare wordings to secure cyber insurance that actually fits how you operate.
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What cyber insurance protects your business from?
Data Breaches
Exposure of customer, employee, or business information.
Ransomware
Malware attacks, extortion, and system lockdowns.
Business Interruption
Loss of income and extra costs when systems go down.
Email & Payment Fraud
Social engineering, invoice manipulation, and funds transfer fraud.
Data Breaches
Claims from clients or partners due to your system failure.
What does cyber liability insurance cover?
Policy wording varies, but many cyber insurance Australia policies may include:
1. Data Breach Response & Privacy Liability
Forensic investigation, legal advice, breach assessment, notification costs, PR support, and third-party claims.
2. Business Interruption
Loss of income and additional costs when a cyber event disrupts systems or platforms.
3. Ransomware & Cyber Extortion
Specialist response, forensic support, legal input, and incident-related costs (subject to policy wording).
4. Network Security Liability
Claims arising from system failure, malware spread, or compromised data.
5. Forensic, Legal & Crisis Support
Access to breach coaches, lawyers, PR specialists, and incident response teams.
6. Data Recovery & Restoration
Restoring systems, files, and business operations after an attack.
Key message: Cover can vary significantly. We compare policy wording, not just price.
Who needs cyber insurance in Australia?
If your business relies on digital systems or holds sensitive data, you could be exposed.
Small Businesses
Often targeted due to weaker cybersecurity and higher downtime impact.
IT & Technology Businesses
Face both internal cyber risks and client liability exposures. Review alongside IT liability insurance and professional indemnity insurance.
Professional Services
Accountants, consultants, mortgage brokers and legal firms handling sensitive data.
Healthcare & Medical Practices
High-risk sensitive data exposure with privacy and operational risks.
Retail, Hospitality & eCommerce
Depend on POS, online payments and customer data. Downtime means immediate revenue loss.
What cyber insurance may not cover? What cyber insurance may not cover?
- Known incidents before policy inception
- Failure to maintain required security controls
- Some social engineering or fraud events (unless specifically covered)
- Contractual liabilities not otherwise covered
- Events outside policy trigger definitions
Cyber insurance is not a substitute for cyber security. Prevention, backups, MFA, and staff awareness remain critical.
How much cyber insurance coverage does your business need?
There is no one-size-fits-all approach. We help assess your exposure based on:
- Potential revenue loss from downtime
- Sensitivity and volume of data held
- Third-party liability and contract requirements
- Forensic, legal, and PR response costs
- Dependency on cloud platforms and suppliers
- Overlap with professional indemnity, crime insurance, and IT liability
This is where a cyber insurance broker adds real value.
Cyber Insurance vs Cyber Security
Cyber security Insurance
Prevention and risk reduction through controls, systems, and processes. Examples: MFA, backups, patching, staff training.
Cyber Insurance
Financial protection in the event of a cyber incident. Examples: business interruption, legal costs, data recovery, and claims.
Why choose Global Insurance Solutions?
We compare wording, not just premium
Identify gaps between cyber, IT liability, and professional indemnity
Structure cover based on how your business actually operates
Explain exclusions and security obligations clearly
Align limits to realistic loss scenarios
Support you when claims arise
Related Insurance Solutions
Frequently Asked Questions
What is cyber insurance?
If your business relies on digital systems or holds sensitive data, you could be exposed.
Is cyber insurance the same as cyber liability insurance?
They are often used interchangeably, but policy wording determines the actual cover.
Does cyber insurance cover ransomware?
It can, depending on the policy structure, conditions, and response provisions.
Does cyber insurance cover email fraud?
Some policies include social engineering cover, but not all. This must be reviewed carefully.
Can small businesses get cyber insurance?
Yes, and they are increasingly targeted due to weaker controls.
How much does cyber insurance cost?
It depends on revenue, data exposure, industry, security controls, and required limits.
What should I review before buying a policy?
Triggers, exclusions, business interruption terms, ransomware cover, incident response support, and dependent systems.
Does cyber insurance cover supply chain attacks or third-party breaches?
Yes, if the policy includes third-party or vendor risk cover. Coverage depends on wording and exclusions, so review carefully to avoid gaps.
Get Your Cyber Insurance Review
Share a few details and one of our brokers will be in touch.
Need cyber liability insurance cover that matches how your business operates?
Cyber policies may look similar until a claim tests them.
At Global Insurance Solutions, we structure cyber and cyber liability insurance that responds when it matters.
Speak to our cyber insurance broker who works for you.