Attackers Target Organisations Without Cyber Insurance

Fire Insurance Isn’t Enough Anymore. Is Your Largest Risk Uninsured? 

In today’s business landscape, virtually every Australian organisation maintains Fire & Theft insurance as a fundamental safeguard. These policies are considered indispensable—providing critical financial support in the event of property loss or criminal activity. 

Yet, despite this widespread adoption of physical risk coverage, more than 80% of Australian businesses remain exposed to their most significant emerging threat: digital risk. 

Digital Fire: Operational paralysis caused by cyber threat actors—disrupting access to essential business systems. 

Digital Theft: The unauthorised extraction of sensitive customer data, triggering regulatory investigations and reputational damage. 

Cyber insurance is no longer a discretionary purchase; it is a strategic imperative. As cyber risk consistently ranks as the number one concern for business leaders and boards, the absence of comprehensive cyber coverage represents a material gap in organisational resilience. 

The Financial Impact of Cyber Incidents Includes: 

• Digital forensics and incident response 
• Specialist negotiators for threat actors 
• Legal counsel and regulatory compliance 
• Business interruption—lost revenue and customer attrition 
• Mandatory notification and remediation costs 
• Regulatory investigation and enforcement actions

These are not hypothetical or minor expenses. The average self-reported cost of cybercrime per incident is now: 

Small business: $56,600 (up 14%) 
Medium business: $97,200 (up 55%) 
Large business: $202,700 (up 219%) 

Our firm partners with organisations of all sizes, across every Australian state, to deliver tailored cyber insurance solutions that address the full spectrum of digital risk. 

Client Testimonial  

“Running a business today without cyber insurance is commercial suicide in my opinion. Having experienced a serious incident, I can’t speak highly enough of the support our cyber insurer provided during an incredibly tough few months – it isn’t just financial. For our business this insurance cover is a not negotiable.” Craig Feely, Director – McGees Property.