Cyber Liability Insurance

The frequency and severity of cyber threats to Aussie business are increasing. Protect your business from digital breaches with cyber liability insurance.

What is Cyber Liability Insurance?

Cyber liability 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

CIB staff | Consolidated Insurance Brokers

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.

Cyber Liability 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.

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Our Specialty

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.

Great advice

As brokers, it's our job to give advice. We always aim to deliver great, not just 'good', advice.

Your partner

We manage your insurances so you don't have to — save precious time and effort.

clear terms

Your renewals, quotes and policies will be delivered in clear, easy English — no more confusion.

full cover

With a broker, you get more comprehensive cover and benefits not available if buying directly.

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

What our Customers Say

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  • Avatar Mr J ★★★★★ a week ago
    Dealing with Natasha made sorting out my insurance as painless as it could have ever possibly have been.Natasha gave me multiple options and choices, also adding her opinion of pitfalls to be mindful of.Being our first commercial … More property purchase, I was extremely lucky to be talking with Natasha, who has an outstanding and wide knowledge of commercial properties and associated insurance.To my amazement, Natasha also offered all these options in under an hour, which I found stunning!The lost art of PR and courtesy is alive and well here.Thank you SO much for being you !Jay, Adelaide SA
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    I found Tracey communicative, efficient and friendly. The quotes received were competitive and the material provided easy to read and understand. My email queries were answered responsively with the information I sought. … More For a busy professionals looking for insurance - these are the brokers I recommend.
  • Avatar Melissa Park ★★★★★ 2 weeks ago
    Karen has been handling our business insurance for past few years and has always been a pleasure to deal with. She is professional and always manages my queries and requests in a timely manner. I would definitely recommend … More her and CIB.
  • Avatar naran patel ★★★★★ 3 weeks ago
    Great customer service from Natasha Nielsen 5/5. She explained the ins and outs for my landlord insurance that allowed me to go for the most prudent package. I wished I heard about this firm earlier.Any future insurance deals/renewals … More I will giving them a call first!
  • Avatar Susan Vlack ★★★★★ 3 weeks ago
    Standard insurance packages did not cover my business needs, leaving me vulnerable. Debbie quickly sorted it out and provided good options. Highly recommended. Big Thankyou, Debbie!

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