Cyber Insurance

Cybercrime is still occurring out there. Be prepared. 

Many Bookkeepers say “It’s not going to happen to me” when it comes to a cyber breach, thinking that it only happens to the large corporations that fall victim to cybercrime but it is quite the opposite.

Bookkeepers and Accountants are prime targets due to the sensitive and personal information they hold on their clients and also perceived that they will not have the high end security measures in place.

Accountancy Insurance has entered into a partnership with Australian Bookkeepers Network to deliver a broad-based policy (Cyber Shield) at very competitive premiums specifically for Bookkeepers.

Preparation is key.

Bookkeepers should assess their preparedness for a cybercrime incident and review their response and business continuity plans including cyber insurance. Not only can a cyber breach cause major disruption to your business, but the costs also involved in your operations, reporting and reputation can be substantial which are covered under a cyber insurance policy.

Accountancy Insurance has entered into a partnership with Australian Bookkeepers Network to deliver a broad-based policy (Cyber Shield) at very competitive premiums specifically for Bookkeepers.

So what is covered under Cyber Shield?

99.9% of Cybercrime victims just don’t know who to call after a security breach.

All you need to do is call the 1800 number provided with your policy which is a 24/7 global Cyber incident response team. Made up of IT Security/Forensics, Legal, Public relations, credit monitoring, ID Protection and Communication professionals who will assist you right through the entire process.

They will even assist you with notification under the new Mandatory reporting laws through to Cyber extortion (if a ransom has to be paid).

1-hour free risk management consultation with Mills Oakley.

First-party coverage – coverage to you and your firm.

• Costs in repairing or restoring your IT systems
• Loss of profits following a security breach
• Fines and penalties as a result of a breach
• Notification costs to affected parties
• Credit monitoring
• $100,000 Social Engineering coverage

Third-party coverage – coverage to others

• Litigation - if your clients take action as a result of a breach of security, privacy breach or multimedia event (defamation, libel, slander, copyright infringement etc).
• Repairing or restoring their IT systems

Premiums start at just $422.50 (plus charges) for $250,000 coverage!

To obtain an obligation-free quote login into your ABN Members Centre today!