Protect your business from digital threats with tailored Cyber Liability Insurance.
In today’s connected world, cyber risk is business risk. Whether you're a sole trader, SME, or large enterprise, a single cyber incident can cause significant financial and reputational damage. That’s where Cyber Liability Insurance comes in.
At Edgewise, we help Australian businesses navigate the complexities of cyber cover—so you can operate with confidence.
If you are looking for Personal Cyber cover, you can apply online here.
What is Cyber Liability?
Cyber Liability Insurance is designed to protect businesses from the financial fallout of cyber incidents. This includes data breaches, ransomware attacks, phishing scams, and accidental data loss.
It’s not just about IT systems—it’s about business continuity, legal compliance, and protecting your reputation.
Who Needs Cyber Liability Insurance?
Cyber Liability Insurance isn’t just for tech companies, it’s essential protection for any modern business. If your business:
- Stores customer data
- Accepts online payments
- Relies on cloud-based systems
- Uses email for client communication
- Has employees accessing systems remotely
…then you’re exposed to cyber risk.
What Does Cyber Liability Cover?
A well-structured Cyber Liability policy typically includes:
- Incident response costs – including forensic investigation, legal advice, and crisis communications.
- Data breach expenses – such as customer notification, credit monitoring, and regulatory fines (where insurable).
- Business interruption – covering lost revenue due to system downtime.
- Cyber extortion – including ransomware payments and negotiation costs.
- Third-party liability – if your breach impacts clients, suppliers, or partners.
What’s Not Covered?
While policies vary, common exclusions include:
- Known or prior breaches not disclosed at the time of application
- Intentional acts or fraud by the insured
- Infrastructure failures outside your control (e.g. power grid outages)
- Fines and penalties that are legally uninsurable in Australia
We’ll help you understand the fine print—so there are no surprises at claim time.
Are There Optional Extras?
Yes. Depending on your risk profile, you may consider:
- Social engineering fraud cover – for losses due to deceptive manipulation (e.g. fake invoices)
- Reputational harm cover – for PR and brand recovery costs
- System restoration – for rebuilding or replacing compromised IT infrastructure
We work with you to tailor cover that fits your business—not just a generic policy.
Common Mistakes When Buying Cyber Cover
Many businesses fall into these traps:
- Underestimating exposure – assuming “it won’t happen to us”
- Choosing the cheapest policy – without understanding coverage gaps
- Failing to update coverage – as the business grows or changes
- Not involving IT and legal teams – in the insurance conversation
We take a proactive, advisory approach—so you get the right cover, not just a policy.
How Are Premiums Calculated?
Cyber premiums are based on several factors, including:
- Industry and business size
- Annual turnover
- Volume and sensitivity of data held
- Cybersecurity controls in place
- Claims history and risk profile
We work with leading insurers to negotiate competitive premiums—backed by expert advice and ongoing support.
Why Edgewise?
At Edgewise, we don’t just sell policies—we build protection strategies. Our team combines deep insurance expertise with a practical understanding of cyber risk. We speak your language, ask the right questions, and advocate for your business when it matters most.
Let’s talk Cyber Liability Insurance.
Get in touch today for a tailored quote and expert guidance.