Talk to us about your Cyber Insurance
Financial Security When Your Data Is Under Attack.
Cyberattacks are always a great risk for business owners. Data is heavily protected and encrypted to protect individuals from breaches and privacy corruption. However, data breaches and cyberattacks can still occur and leave your business vulnerable. The truth is, standard insurance won’t protect you from these risks and the business interruption they can cause.
With digital threats increasing every day, your business needs to be prepared for the worst. Barrack Broking can help match you to specialist cyber insurance that secures your organisation’s assets, people, reputation and stability.
Get a quote with our team today.
How Do Cyber Attacks Impact Your Business?
If your business uses an online or digital platform in any measure, it’s always at risk of a cyber attack. According to the Australian Cyber Security Centre’s annual cyber threat report of 2024-2025, there were over 84,700 cybercrime attacks reported. This poses a threat to your data, exposes you to email fraud and can impact your IT operations. But it’s not just the surface-level impact that it has on your data. It damages your business in multiple ways, including:
- Financial: Data breaches cause business interruption, which leads to loss of revenue and additional costs to recover the IT elements that have been jeopardised.
- Legal: Penalties and fines could apply when breaches occur under the Privacy Act.
- Reputation: Cybercrime that impacts your organisation could affect your business’s reputation and your customers’ trust.
That’s why cyber insurance exists, and you don’t need to navigate it alone. Barrack Broking act as your partner, we’ll be by your side and help match you to a cyber insurance that supports your business. And if you need to claim, we won’t leave your side.
What is Cyber Insurance?
When your business experiences a cyberattack or data breach, you don’t want to be left unprotected. That’s where cyber insurance comes in. It helps you respond quickly and protect your business from further damage. So, what does it actually cover you for?
- Expenses Incurred: It will cover you for any expenses you’ve been liable for due to the cyberattack. This includes the expert advice you’ve needed to access, the costs of restoring your data, and the income that was lost while your system was down.
- Liability: It will protect you if legal defence is necessary, from the costs and damages incurred. The insurance policy will also cover any regulatory fines that could be incurred as a result of your cyberattack.
Your business will inevitably be impacted if a cyberattack occurs, often leading to business interruption and financial detriment. But, you could also become legally responsible for client/employee data breaches and need to pay out of pocket. You don’t want to be left dealing with this alone.
Barrack Broking: How We Support You
As your insurance broker, we’ll do more than match you to the right policy. Our approach is tailored to your business and its needs, so we can identify your individual risks and find you a cover that protects you efficiently.
Our team of experts can navigate the market and explore a range of insurers to find you the best terms. Save your time and energy; we can do it for you.
Most importantly, we’re here for the long run. Once we’ve matched you to a cover that suits your business’s needs and protects you from unexpected events, we’ll ensure that we’re by your side if you need to submit a claim. One of our directors oversees every client matter to ensure that we’re caught up and prepared to support you, right when you need it.
How Our Process Works:
We understand that time is of the essence when your business is under attack, which is why we make our process easy for you to navigate. We’ll handle everything from start to finish, so you can focus on getting your organisation back on its feet, without worrying about what will happen next. Here’s how it works with Barrack Broking:
- We’ll start by understanding your business to identify your risks.
- We’ll develop a tailored strategy and program that is detailed with cost and your coverage options, using our market knowledge and expertise.
- We’ll head out to the market to negotiate a policy with the right insurer that covers you based on the identified risks.
- We’ll be here for you all year round. Whether you need claim support, policy clarification or general advice, you can rely on Barrack Broking to support you.
We’ll handle it all, with your project’s best interest as a priority. All you need to do is reach out and get started.
Reach Out Today
Protecting your business starts and ends with protecting the data that helps it run. Everyone thinks a cyber attack won’t happen until it happens to them. You don’t want to be caught unprepared, as it will cost you in the long run.
Reach out today to get started with Barrack Broking. We’ll match you to the right policy that protects your business’s future.
