Cyber & Privacy Liability Insurance

Perfect for business owners or contractors, cyber & privacy liability insurance covering 4000+ types of businesses.

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What it covers

What is covered under cyber & privacy liability insurance?

Cyber Incident Response

Protects you and your business from any financial loss as a result of a cyber incident.

Cyber Extortion

Reimburses you for a ransom payment made as a direct result of a cyber extortion.

Data and Application Restoration Costs

Payment of any restoration costs incurred as a direct result of a cyber incident.

Cyber Crime

Provides you indemnity for any direct financial loss as a result of a cyber crime committed by a third party.

Business Interruption

Provides you indemnity for any business interruption losses incurred due to outage from a security failure.

upcover offers

Instant Insurance Cover

Acclaimed Claims Service

Market Leading Insurance

Cancel Anytime Insurance

100% Online Process

Instant Proof of Insurance

PROTECTS you for

How does this insurance protect your business from cyber crime?

Business outage

A cyber attack that locks you out of your system causes your business to shut down for a period of 3 months until it's resolved.

Ransom payment

Your system is hijacked and they hold your data ransom, threatening to delete it if you don't pay.

Incident response

Your data is breached resulting in information of 1,000's of customers being leaked, damaging your clients' reputations.

exclusions

What is not covered (exclusions) under upcover's cyber & privacy liability insurance policy?

Anti-competitive behaviour

Any actual or alleged antitrust violation, restraint of trade, unfair competition, false, deceptive or unfair trade practices, violation of consumer protection laws or false or deceptive advertising.

Intellectual property

Theft, infringement, violation, misappropriation (including loss of potential future sales) or loss of or the reduction in economic or market value of any of your intellectual property rights, assets or data including, but not limited to, patent, copyright, trademark, registered design and trade secret.

Property damage

Any actual or alleged damage to or loss of use of any tangible property including the cost of repairing any hardware or replacing any tangible property or equipment that forms part of, or is used in connection with, your computer system.

*For all policy exclusions, please refer to the policy wording and general terms & conditions.
what it means

Protecting contractors, sole traders and small businesses across Australia

According to recent studies, the cost of cyber crime globally will exceed $6 trillion annually over the coming years. The Australian Cyber Security Centre (ACSC) stated in their recent Threat Report that they had identified 47,000 cyber incidents over the previous financial year.

The Small Business Cyber Security Best Practice Guide published by the Australian Small Business and Family Enterprise Ombudsman notes that small business is the target of 43% of all cyber crimes. Yet an astonishing 33% of businesses with fewer than 100 employees don’t take proactive measures against cyber security breaches and 87% of small businesses believe their business is safe from cyber attack because they use antivirus software alone.

This cyber & privacy liability insurance policy is specifically designed to cover the cyber and privacy liability exposures of small to medium sized businesses.

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Why upcover

Why choose upcover for cyber & privacy liability insurance?

upcover’s got your back with cyber & privacy liability cover!

At upcover, we understand the trauma of going through a legal proceeding or investigation. The cyber & products liability insurance aims at working as a safety net to minimise your out-of-pocket expenses, in paying legal bills, responding to or even settling a dispute - so you don't have to lose focus on running your business, or part with your hard-earned savings.

COVER STARTS FROM
$700
per year
Instant Cover
Cancel Anytime
Acclaimed Claims Service
Market Leading Insurance
Instant Proof of Insurance
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whAt we cover

Cover's 4,000+ businesses

Select from more than 4000 types of businesses and sole traders professions.
Retailers
Web Developers & Designers
Engineers & Architects
Accountants & Bookkeepers
Consultants
Promotion & Advertising Services
Photo & Video Makers
Financial Services
Legal Services
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Latest Posts

From Our Blog

Stay up to date with our articles on cyber & privacy liability insurance
Secure
What Are The Top 5 Cybercrimes in Australia?
To help you better understand cyber threats so that you can prepare for them, we’ve listed the top 5 cybercrimes affecting Australian businesses.
Read Full Article
Secure
What Are The Benefits Of Getting Cyber Insurance?
Cyber incidents are on the rise in the country with an increase of 13% during the 2020-2021 financial year compared to the previous year.
Read Full Article
News
What Is The Future Of Cybersecurity?
What does the future of cybersecurity hold? Stay ahead of the game with our in-depth analysis of emerging trends and technologies. Learn how to protect yourself and your business from evolving threats and stay secure in an ever-changing digital landscape.
Read Full Article
view more
FAQs

Commonly asked by our customers

Is cyber & privacy liability insurance mandatory?

Cyber insurance is not a requirement for Australian businesses, but it should be considered for any business owner who wants to protect their operations and customers. Small businesses are the target of 43% of cyber crime, with 33% going unprotected. One cyber attack could potentially have your business out of operation for a period of time, or worse, for good.

Am I eligible for the cyber & privacy liability insurance?

The cyber & privacy liability insurance policy is suitable for organisations with:
- Up to $7.5m turnover
- Up to 100 employees
Please read the policy wording for more information.

What limits are available?

The cyber & privacy liability insurance policy offers limits from $200,000 up to $5,000,000.

Who needs cyber & privacy liability insurance? 


Any business that operates online should consider cyber & privacy liability insurance. This may include businesses who have a website, who process online payments, or those who store data (such as customer or business data) online.

What do I need to do to get a quote?

At upcover, we believe in simplicity. Just tell us your occupation, and your revenue and you'll get a price for the insurance in a matter of seconds. You’ll only need to answer a few more questions and you'll be able to buy a policy in minutes - not days or weeks or months!

Who is upcover's insurance partner?

upcover offers insurance products backed by Professional Risk Underwriting Pty Ltd (ProRisk), Australia’s Underwriting Agency of the Year in 2020.

What is a certificate of currency?

A Certificate of Currency is issued by an insurance company and is something you can use as proof that your existing insurance policy is valid. It contains all the information regarding your policy. You may be asked from time to time to prove your insurance - for loans to your business, for landlords of your premises, or for certain clients you might have. The moment you purchase your insurance from upcover you can send your proof of insurance to whoever requires it, at just a click of a button.

How can I make a claim?

You can make a claim by filling up this online form here.

Just answer a few simple questions and submit your claims form in minutes.
upcover Pty Ltd ABN 17 628 197 437 (“upcover”) is Corporate Authorised Representative (CAR 1299211) of Experience Insurance Services Pty Ltd (AFSL 539078).
upcover is a Corporate Authorised Distributor and has entered into an arrangement with Armada Underwriting Pty Ltd ABN 84 000 989 131 AFSL 237402 (“Armada”). upcover markets insurance products and services on behalf of Armada. Cover is subject to the terms, conditions, limits and exclusions of the Policy. All insurance offered on upcover.com is underwritten by Professional Risk Underwriting Pty Ltd ABN 80 103 953 073 AFSL 308076 (“ProRisk”) under an authority to bind cover on behalf of Swiss Re International SE, Australia Branch ABN 38 138 873 211 (“Swiss Re”). Armada, ProRisk and upcover and their employees act as agents of Swiss Re, not as your agent. Neither ProRisk, Armada or upcover act on your behalf when distributing the insurance products and services and any advice provided is general advice only and does not consider your objectives, financial situation or needs.
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Information provided is general advice only and has been prepared without taking into account any person's particular objectives, financial situation or needs. Read the relevant Product Disclosure Statement or Policy Document available and consider whether it's appropriate before making any decisions about whether to buy a product.
© Copyright 2019 - 2024 upcover Pty Ltd ABN 17 628 197 437, CAR 1299211 of Experience Insurance Services Pty Ltd ABN 41 657 596 506, AFSL 539078