Guard Insurance Brokers in Brisbane, Queensland, Australia | Financial planner

Guard Insurance Brokers

Locality: Brisbane, Queensland, Australia

Phone: +61 1300 167 143

Address: 915 Ann St 4006 Brisbane, QLD, Australia

Website: http://www.guardinsurance.com.au/

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25.01.2022 Protect Your Business: 5 Questions to ask your cyber insurance provider. 1. Does the policy cover cyber extortion? The inclusion of cyber extortion in a policy may protect a business against ransomware situations. Look to see if the policy covers the costs of a cyberattack, hiring negotiation experts, covering extortion demand costs, and costs associated with preventing future threats. ... 2. Does the policy cover electronic data replacement? Where there are breaches of data, businesses can incur extensive costs in recovering lost data or replacing business data and other records. Other first-party losses include: Business interruption Notification costs and credit monitoring services Forensic investigations Crisis communication and public relations Legal costs assisting with privacy notifications and compliance response 3. Does the policy cover third-party losses such as defence costs? In Australia, there is an increased focus on regulations pertaining to protecting personal information. As Australia and other countries implement strict data privacy laws, cyber insurance can assist businesses to manage the increased regulatory risk in protecting personal information that the business collects. Where there is a breach, your business may incur costs associated with investigations by a government regulator or in defending any third-party claims. Other third party losses include: Defamation Infringement of intellectual property claims Violation or infringement of privacy claims Fines and penalties Damage to third party systems and confidentiality breaches Additional expenses 4. Does the policy cover the cost of crisis management? It's important to manage the immediate impact of a cyber incident on your business. Your business continuity plan may include crisis management procedures, such as external support for reputational recovery or management of damage caused by hackers in a cyberattack. Does your insurer provide access to a cyber incident response team? 5. Does the insurance cover costs of customer accountability? Your business may have regulatory, legal or contractual obligations to contact customers in the event of a cyberattack or security breach under the Australian Government's Notifiable Data Breaches Scheme. The costs of notifying customers, monitoring their personal data to prevent further attacks and complying with regulatory requirements should be considered when you choose your insurance policy. Cyber insurance is one element of managing your cyber risk. Taking out a cyber insurance policy may seem complicated. However, by asking a few important questions and speaking to us directly, you can ensure that you choose the right policy for your business.

21.01.2022 Protect Your Business: Cyber Insurance at a glance. If your business has a website or electronic records, you’re vulnerable to cyber hackers. A cyber attack could cost your business more than money. It could also put customers’ personal information at risk which could damage your reputation.... What can it cover? Business interruption losses: Covers financial loss you may suffer as a result of a cyber attack. Cyber extortion: The costs of a cyber attack, such as hiring negotiation experts, covering extortion demands and prevention of future threats. Electronic data replacement: The costs of recovering or replacing your records and other business data. Third party losses: Security and privacy liability Damages to your reputation resulting from data breaches, such as loss of third party data held on your system. Defence costs: Funds the legal costs of defending claims. Contact us today to find out more information about Cyber Insurance & your options.

18.01.2022 Outstanding Service, Outstanding Advice- that’s our promise to you.

12.01.2022 Protect Your Business & Employees: The below article outlines some key steps you can take to help prevent a Covid-19 outbreak in your workplace.

07.01.2022 Protect Your Home & Contents: This article is a great example of why it is important to secure your personal valuables & belongings prior to inviting people into your home, don't get caught out!