Cyber Insurance

A vital protection for business

Contract Works and Legal Liability Insurance

Expert Advice – Lasting Relationships – CPS General

Cyber insurance: a vital protection for businesses!

Technology is essential for the success of any business in today’s world. But it also comes with risks. Cyber attacks are becoming more frequent and more damaging. Every month, about 60% of Australian businesses suffer a cyber security breach!

That’s why cyber insurance is so important. It can help you recover from online threats, such as hackers, ransomware or data theft. Cyber insurance can cover the costs of restoring your systems, notifying your customers, and paying any legal fees or fines.

Find more information about Cyber Insurance here.

Contact CPS

What does Cyber Insurance cover?

Cyber security breaches can cause serious financial damage to your business and your customers. You may have to pay for the costs of fixing your systems, notifying your customers, and dealing with any legal or regulatory issues. This might include costs associated with:

Loss of revenue due to business interruption
Hiring negotiators and even paying ransom
Recovery and replacement of records or data

Liability and loss of third-party data
Government regulator investigation
Copyright infringement
Misuse of intellectual property

Crisis management and monitoring
Further attack prevention
Defence of legal claims

Who should consider Cyber Insurance?

If your business uses a website or electronic records, you are exposed to cyber risks. Hackers, malware, or human errors can compromise your data and systems. The impact of a cyber incident can be devastating for your business.

You may have to pay for ransoms, IT repairs, breach notifications, legal actions, and customer compensation. These costs can add up quickly and affect your cash flow and profitability.

But the financial loss is not the only thing you have to worry about. A cyber incident can also harm your intellectual property, your customer’s privacy, and your business reputation. You may lose the trust and loyalty of your customers and partners.

That’s why you need Cyber Insurance. It can help you recover from cyber threats and protect your business assets.

Steps to get you covered

Step 1

Get in Touch

We have a dedicated team of specialists who can assist you on a wide range of personal and commercial insurance products. Phone 02 9493 7999, email info@cpsgeneral.com.au or send enquiry form.

Step 2

Understand your needs

We aim to understand your business, and have the right people who have a wealth of knowledge & practical experience to ensure you get the best possible protection for your business or personal valuables.

Step 3

Quote

We make getting covered easy. Our team crafts personalised insurance quotes, ensuring comprehensive coverage that brings you peace of mind for your valuables and business.

Whether you need guidance on policies, coverage specifics or just some friendly advice, we are here to simplify the process and are committed to understanding your needs.

We have a range of products to help you, including:

Passionate – Dedicated – Professional

what people are saying

I was recommended to CPS General by my accountant. Debra Horton at CPS is the most patient and professional person I have come across in years. Going through my options, keeping me updated and making herself available to answer my many phone calls and emails.

Highly recommend Debra and CPS General.

Roger Havercroft

I’ve had excellent ongoing service for many years from Debra from CPS. She has been incredibly patient and thorough in making sure that I always have the correct coverage for my situation.

Rebecca Fink

CPS and Leah in particular helped me find an insurance provider in my role as a contracting High Risk Work Trainer and Assessor, at a very completive rate. I am grateful for their erudite and prompt assistance.

John Bursill