Cyber Insurance

Cyber insurance is a fairly new form of cover, designed in response to the growing costs of data breaches and hacking to SMEs. The frequency and severity of cyber threats to Aussie business are increasing. Protect your business from digital breaches with cyber insurance.

I moved my insurances to Consolidated brokers because I received the best service one could ask for. (...) reassured that me and my company will be in good hands. see more
TOP BROKERAGE 2022 & 2023
The resource of choice for the country’s most forward-thinking insurance professionals.
TOP BROKERAGE 2022 & 2023
The resource of choice for the country’s most forward-thinking insurance professionals.

Cyber Insurance

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What is Cyber Insurance?

Cyber insurance is a fairly new form of cover, designed in response to the growing costs of data breaches and hacking to SMEs.

The Australian Cyber Security Centre has some great guides to cyber-security for businesses. In this day and age, especially with the growth of cyber threats, it’s important for your security and data protocols to be adequate.

Most businesses have websites that are vulnerable to cyber-attacks. Even if you don’t have a website, almost every business uses some form of accounting or cloud-based software (think MYOB, Xero, Microsoft 365, etc.). These are all vulnerabilities.

cyber liability insurance policy

What can be covered

What may not be

Get started with cyber insurance

Enjoy the peace of mind of cyber protection - Get your quote today.

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Cyber Insurance Claim Example

Damon is the practice manager for a small dental clinic. One of their staff clicks on a link within an email, and accidentally downloads malware which locks the entire practice network down, and requires $50,000 ransom to be paid in Bitcoin to unlock it.

Damon contacts the emergency cyber response line for their cyber insurance policy who immediately appoint a specialist to come and evaluate the situation. The specialist authorises payment of the $50,000 ransom, and fortunately – the system can be unlocked.

The downtime for the practice was less than 1 business day, but Damon was able to rest easy knowing that if the unlock was unsuccessful, the practice’s lost income would have been reimbursed while they tried to restore/recover their data.

Why Choose CIB?

Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.

Our Expertise

Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available

Your Partner

Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.

Clear Terms

We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.

Full Cover

We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.

What our clients have to say

109 James Street, New Farm

5.0 475 reviews

  • Avatar Natalie Smith ★★★★★ in the last week
    Aimee Spencer has been helpful above and beyond expectations. Her patient and responsive attention to my multiple requests has meant that my business insurance renewal has been processed easily and efficiently. Natalie … More Smith
  • Avatar Jen Gower ★★★★★ in the last week
    Jim was able to negotiate a much lower premium than my previous insurer (with better cover). His advice and communication was clear and straightforward. Highly recommend his service.
  • Avatar Roelie Schrijnders ★★★★★ a week ago
    We have dealt with Tracey on several occasions, and each and every time she has been such a pleasure to deal with. Always helpful, positive and everything provided in a timely manner. She follows up where needed and usefull … More without ever being pushy.
  • Avatar Parthesh Patel ★★★★★ 4 weeks ago
    I have been dealing with Debbie Blanco in Consolidated Insurance Brokers. She has always been very helpful with any query or questions. I would highly recommend her for excellent customer service, product & service knowledge, … More prompt in responding, great in communication, and always comes up with competitive insurance deals / prices.
  • Avatar Carmel Drake ★★★★★ a month ago
    Our business insurance has been handled by Consolidated Insurance Brokers for many years now. This year Aimee Spencer made our yearly renewal very easy with her guidance in our understanding of exactly what was covered and … More included with each Company's different Quotes. Appreciated .... thank you!

CIB GROUP HERO 2 resized | Commercial Property & Building Insurance Broker

How can we help?

With access to a range of quality insurers, and policies not available to the public, we can offer you a range of competitive cyber liability insurance quotes.

We’ll help you compare the price with the coverage offered for each, so you can make the best decision for your needs. For every new business quote and renewal, we break down all important changes and comparisons for you in plain English.

Say goodbye to the uncertainty of not knowing when — or if — you’re covered, and enjoy the peace of mind of cyber protection.

Frequently Asked Questions

There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:

  • Work on your behalf to secure you better protection through their negotiating power
  • Help you understand your risks and empower you to make better life / business decisions
  • Ensure insurers are held accountable to their promise to protect what you value during claims
  • Save you time and money by taking care of comparing and customising policies for your needs

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