Cyber Liability Insurance
Cover for cyberattacks and hacks.
Compare Quotes
From multiple insurers
Save Time
Buy online in minutes
Save Money
Switch and save
Instant Cover
Delivered to your inbox
Compare Quotes
From multiple insurers
Save Time
Buy online in minutes
Save Money
Switch and save
Instant Cover
Delivered to your inbox
On this page:
What is Cyber Liability Insurance?
Cyber Liability insurance is a type of business insurance that protects your business against the legal costs and expenses related to cybercrime incidents.
Cyber criminals are crafty. All they need is an internet connection to hijack your website, steal sensitive data, or send a dodgy invoice. Recovering from a cyberattack can be expensive – and that’s before potential legal costs and fixing the damage to your reputation.
Don’t let a hack turn into a headache. Consider protecting your business with Cyber Liability insurance.
What does Cyber Insurance cover?
Breaches and Extortion
The theft or loss of client information and ransomware demands. .
Forensic Investigation
Analysing the cause and/or scope of a breach.
Data Recovery
Repair and replacements costs to a property accidentality damaged as a result of your business activity.
Business Interruption
Loss of income and increased costs of operating due to a cyber incident.
Crisis Management
Hiring PR assistance to minimise damage to your reputation resulting from a cyber event.
Legal and Defence
The legal and defence costs associated with a claim.
- Damage to computer hardware.
- Failure or outage of power, utilities, satellites or telecommunication services.
- Intentional acts.
- Upgrading of an application, system or network.
- Known claims and circumstances.
Why you might need Cyber insurance?
Business Insurance isn’t mandatory in NZ for most business, but you may be required to have a Cyber policy to do thinks like:
Investigate and recover lost data.
Manage business interruptions.
Pay legal costs if you face a claim.
Get your Cyber insurance sorted quicker than calling IT tech support.
Get your Public Liability insurance sorted quicker than a smoko break.
The 5 industries who purchase Cyber Insurance most:
- IT Consultants
- Management Consultants
- Recruitment Consultants
- Real Estate Agents
- Nurses
- Care Workers
- Counsellors
- Massage Therapists
- Accountants & Tax Agents
- Tech Professionals
- Mortgage Brokers
- Marketing & Multimedia
If you don’t see your industry or occupation mentioned above, it doesn’t mean Cyber Insurance isn’t suited for your business.
It only takes few minutes to find insurance that fits your business needs.
The costs are real, get that new policy feel
Cyber Liability
$142/mo*
Expected average cost
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply. This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.
Click here to check industry wise average prices
Get cover that works with the risks of your business
You can select from 5 different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Flexible Cover
Pick from 5 levels of Cyber Liability cover
Unsure how much to choose? Think about:
Potential risk of a system outage
Cover required by contracts
Do you have recovery procedures
Do you run minimum weekly backups
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Cyber Liability
$142/mo*
Expected average cost
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on FY24 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply. This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.
Click here to check industry wise average prices
Get cover that works with the risks of your business
You can select from 5 different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Flexible Cover
Pick from 5 levels of Cyber Liability cover
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How it works – buying online
Just 5 easy steps to get instant cover online today. Compare multiple types of business cover from different insurers in one go and save time!
Select Profession
How it works – making a claim
We’re here to assist you through the claims process and get you back to business. Track your claim through our platform, so you’re always in the loop!
Fill a Form
Our Insurers
We work with a selected group of trusted NZ insurance partners to offer you great cover.
The Savings Are Real
See how much others have saved while purchasing policy through Bizcover
Alex
Tradesman from
Queenstown
Saved
$500
on
Public Liability &
Tools Insurance
Jeff
IT Professional from
Hamilton
Saved
$800
on
Professional Indemnity &
Cyber Liability
Kate
Consultant from
Wellington
Saved
$470
on
Public Liability &
Statutory Liability
Hrair
Cafe Owner from
Auckland
Saved
$450
on
Public Liability &
Professional Indemnity
^ Savings made from August/2023 to December/2023. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
14000+ NZ
small business covered
What sets BizCover apart?
We are not just a comparison and buy site.
Make claims online
We’ll facilitate the process on your behalf with the insurers.
Flexi Payment Options
Pay monthly or annually, cancel at any time.
One Stop – Shop
Manage multiple cover types in one place.
Easy Renewals
Optional automatic renewal to stay protected.
Frequently asked questions
Confused about Cyber insurance? We have answered the most common questions we get here.
If you still have questions, you can reach one of our friendly business insurance experts click here
You might not sell goods or services online, but chances are you still use a computer to run your business. Using a local network and server to hold important electronic files and records, messaging customers and suppliers by email, doing online banking, or having a business website or social media accounts can all make you a target of cybercriminals.
Here are a few tips to help protect your business from cybercrimes:
- Learn how to spot common cyber threats and scams, like phishing emails and messages.
- Secure your systems by installing a firewall and anti-virus software. This includes computers, tablets, mobile phones and point of sale devices (if possible).
- Install security updates as promptly as possible.
- Regularly back up data.
Create an incident response plan, so you know exactly what to do and who to call in the event of a cyberattack.
Yes. More than half of businesses in New Zealand experienced a cyber incident in 20221, and though attacks on large corporations make the news, small businesses may be more at risk. Think about it—you probably don’t have the time, knowledge or resources to protect yourself like the big guys can. Cybercriminals often prefer to target small businesses to make a quick buck, instead of wasting hours on a more well-protected company.
Cyber Liability insurance is designed to protect your business against the expense and legal costs arising from data breaches which may occur after being hacked, or from the theft or loss of client information. It can help you manage unplanned bills if hackers target your business (despite your best efforts).
1. HRD New Zealand, March 2023
More types of cover
Hear from our customers
Real-life customer reviews verified by Feefo
Efficient
Trusted Customer
Efficient and great price
Quoted and bought insurance online, very quick and a great price.
Definitely worth
Burnett B
BizCover is definitely worth their word. Quick easy understandable cover
Straight forward
Trusted Customer
It is very straight forward and easy to understand and you can choose whatever you need for your business.
Easy to choose
Pavan K
Easy to choose business insurance. The search and the options provided were very simple and straight forward, didn’t expect it to be that easy.
Fast, friendly and efficient
Kylie T
The customer service agent was excellent. He explained to me clearly all the questions I had. Can’t be beat on price for the policy I needed and I was contacted within half an hour of my enquiry. Policy was confirmed on the phone. Excellent.
