Increased Government Regulation
On 12 March 2014 new Australian Privacy Principles (APPs), amendments to the Privacy Act and fines of up to $1.7 million for agencies and companies and $340,000 for individuals for serious or repeated invasions of privacy (i.e. for breaches of the APPs/Privacy Act) became effective.
Many insurers are offering protection for the various risks that will affect your business. Below is a summary of the types of coverage available.
Losses to your business:
Losses to others:
Cyber event response costs:
Contingent business interruption:
To discuss coverage for your business, contact the team today!