WHAT IS CYBER INSURANCE?

Cyber Crime

wThis is an emerging risk for most business that is not restricted to having an online business or shopfront. Any business that may utilize servers, laptops, PDAs, Tablet Devices, Cloud Storage or Computing, smartphones, online software all have exposures to a varying degree which may be compounded be regulatory requirements.  This policy provides cover where others don’t. There are usually several components to good cyber policy.

 Own Damage or First Loss Cover. A cyber policy can cover your loss associated with a cyber crime, such as hacking, Trojans, worms, viruses and the like on your network or which may have disabled your own website or computer systems. The costs of reinstating those systems can be covered by a cyber crime policy with own damage or first loss cover. This is not covered within a Cyber Liability Extension or Cyber Liability policy (a liability policy is often 3rd party losses only, see below)

 Third Party Losses or cyber liability components to a cyber crime policy relate to the consequential loss to others as a result of your systems breach. This may be stolen credit card information, stolen customer plans or data, or perhaps a fine or penalty associated with breach of privacy laws. 

Finally, some cyber crime policies offer an interruption cover which responds to the loss of income you suffer as a result of your network breach. This can be important if your business is hacked or suffers at the hands of a virus as this is a common exclusion under most business or office packaged policies.

 

 

FARM INSURANCE DISCOUNT

As a customer of REFERRER, you are invited to transfer your Farm Insurance over to Affinity Insurance Services for a free review of your cover and an opportunity to save.

If you are currently insured with CGU, QBE, Allianz, ARGIS, Insure That, or Rural Affinity whether that is direct or through another broker, you can transfer you policy to Affinity without needing to wait until renewal. This transfer doesn't cost you anything at the time of transfer.

On your next renewal, 20% of the commission and fees earned by Affinity Insurance will be refunded to you as a credit off your renewal. This means that even if there are no other options that provide a better cover or price and you renew your policy, for your next renewal you get discounted price just for being a client of REFERRER.

To take advantage of this offer please fill in the form below. 

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