Cyber attitude changing as online threats grow
Cyber attitude changing as online threats grow
12 December 2022
BizCover for Brokers says it has seen a sharp jump in enquiries for cyber risk protection solutions, signalling a shift in attitudes after recent attacks on big name Australian companies.
The company has since worked to add to its offerings, announcing last week the launch of a new product in partnership with Chubb.
It says the Chubb-backed Cyber Enterprise Risk Management solution covers a wide range of risks, including privacy and security liability, business interruption and offer incident response services among many others covers.
BizCover for Brokers also updated its existing AIG and Dual cyber products policy wordings.
“With more cybercrime cases in the news, we have seen 100% annual increases in the number of enquiries about cyber liability insurance since the attacks,” BizCover for Brokers Head of Product, Channels and Risk Jane Mason said.
She says the changes made means broking partners now have access to meet the growing demand through the BizCover for Brokers platform.
“Cyber insurance is especially topical given the current environment, and we want to help brokers protect their SME clients from the growing risk of cybercrime,” Ms Mason said.
BizCover for Brokers says brokers can currently quote all three new products and bind from December 23 with a simple question set through the platform, which streamlines processes for intermediary partners in the Australian SME market.
