Explainer: How Cyber Insurance Helps Your Business
Every 10 minutes on average, another Australian small business reports a cyber crime, according to the Australian Cyber Security Centre.
We live in a litigious age, with even the most careful business owners at risk. Even when you’re not at fault, you may still have to shoulder hefty legal costs.
That why Public and Products Liability Insurance should be considered as part of your risk-management strategy. Public and Products Liability Insurance can cover all the legal costs involved with defending yourself in court – including any compensation you are ordered to pay.
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Photo by Christin Hume on Unsplash
Every 10 minutes on average, another Australian small business reports a cyber crime, according to the Australian Cyber Security Centre.
Underinsurance is more common than you think. Industry figures show up to 62% of small-to-medium-sized businesses don’t have correct-value insurance.
When you go into business for yourself, insurance probably isn’t the first thing on your mind. But protecting your assets with effective risk management, and the right insurance cover, is more important than you may think.
The right business asset protection strategies can help safeguard your personal and professional wealth against unexpected claims and liabilities. As your brokers/advisors we can help keep you covered.
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