Suite 207, 5-7 Harper Terrace


Cyber Insurance

Hackers. These are not just dodgy movie characters but real-life people, doing real damage to businesses across the globe, including Australia. If you are thinking your small business is of no interest to these criminals, think again. Every business with an online presence is at risk of a cyber-attack and with cyber-crime claiming  6 million victims in 2018 it might be time to bite the bullet and get the right cover for your business.

Cyber insurance is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered. 

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

In a nutshell, your customer data is sacred. If you don’t protect it properly, your business may be fed to the wolves. 

If you’re still not convinced your business may be at risk, here are the cold hard facts about doing business in today’s technically advanced world:

  • Cyber-crime costs Australian businesses $1 billion annually – yet it remains one of the least insured policy areas
  • ‘Unisys Security Index – Australia, 2019’ revealed that 15% of Australians would stop dealing with an organisation if their data was breached. 

Get the cover that is right for you

With the policies available through Momentum Insurance Brokers, you can choose coverage amounts between $50,000 to $2 million 

Sit back for a minute and think about this….it might be the first time you have considered the impact on your business if your website was taken offline?  Could your business survive the reputation damage, and the losses associated with a data breach?  

You should consider what your business requires including by reference to:  

  • The type of risks to your business and the likely cost to manage and recover from a data breach 
  • The amount and nature of customer data you store and the security arrangements in place to protect that data 
  • Cover your suppliers, like cloud data storage suppliers, may have in place 

Who benefits from this type of Insurance:

  • Any business that trades via a website or online platform 
  • Business that uses email 
  • Any business that deals with customer data 
  • Retailers who use EFTPOS machines 
  • Companies reliant on IT systems to conduct business 
  • Example occupations: Doctors, Lawyers, Accountants, Consultants, Estate Agents, Insurance Brokers, Retailers etc 

Could this happen to you?

Hackers are alive and well and get a thrill out of making business owners sweat. Cyber Liability Insurance can reduce your risks and help you rest easy knowing your business is covered from even the craftiest of criminals. 

Here are is an example: 

The cost of lost data

An insured accountant had an employee who accidentally misplaced a company laptop that contained a list of 1000 client tax records and credit card details. A policy payment totaling $250,000 was made to cover the costs involved with notifying the affected individuals and the Privacy Commissioner of the data breach. The cost of hiring a Public Relations firm to assist the insured with re-building their business reputation was also included.

Cyber Insurance with Momentum Insurance Brokers

Quality Service

Quick and easy claims service 24/7
Friendly and helpful staff to help you get the right protection
Monthly Payment options to meet your needs
100% Australian owned & based

Great value

Extremely competitive pricing
Option to tailor your insurance cover to suit your needs
Option to change your excess to reduce your premium

Can I speak to a real person?

At Momentum Insurance we are a team of real people in a real office, so you have the option to obtain a quote online or contact our office and speak to a real person that understands your needs.
Give us a Call

Steadfast Insurance

Momentum Insurance Brokers is part of Australasia’s largest general insurance broker network, the Steadfast Group. We leverage Steadfast’s scale to ensure our clients have access to a wide range of insurance companies, a broad range of products, exclusive policy options, and of course, competitive pricing. And when the time comes and you need to make a claim, you will have the backing of Steadfast behind you.
Steadfast Website
Momentum WA Pty Ltd trading as Momentum Insurance Brokers is a Corporate Authorised Representative (no. 1270298) of McLardy McShane Partners Pty Ltd ABN 14 064 465 309 ASFL 232987.
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Suite 207, 5-7 Harper Terrace



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