Cyber Insurance
Cyber Insurance
In today’s digital-first economy, data is your most valuable asset—and your greatest vulnerability. Angelic Insurance’s Cyber Insurance provides end-to-end protection against data breaches, cyberattacks, ransomware events, and regulatory fines. Whether you're a growing e-commerce retailer, a healthcare provider, or a professional services firm, our cyber policies are designed to minimise financial loss, operational disruption, and reputational damage.
We work with Australia’s leading cyber underwriters to offer tailored policies that not only cover you when things go wrong—but also help you prevent breaches with risk consulting, incident response services, and IT security audits.
How It Works
Risk Assessment
We evaluate your tech environment, industry-specific risks, and past incident history.
Custom Policy Design
You receive a policy tailored to your data, digital systems, and size of operation.
Premium Payment
Pay monthly or annually. Costs are determined by your risk profile and coverage level.
Rapid Response
If an attack occurs, Angelic Insurance initiates incident response and claim activation immediately.
Financial Recovery
You receive compensation for lost income, legal defence, ransom payments, and recovery costs.
Regulatory Compliance Support
Assistance navigating OAIC breach reporting and compliance with privacy laws (like the Privacy Act 1988).
Why You Need It?
Over 70,000 cybercrimes were reported in 2023 alone (ACSC)
The average cost of a data breach for SMEs is over $80,000
The Notifiable Data Breaches (NDB) scheme requires disclosure within 30 days
Downtime from an attack averages 23 days—crippling for operations Angelic Insurance ensures your business isn’t just compliant—but resilient.
How Angelic Insurance Can Help?
In-depth risk profiling to detect vulnerabilities before hackers do
Tailored policies for SMEs, eCommerce, healthcare, legal, education, and finance sectors
24/7 incident response teams ready to mitigate damage fast
Risk reduction guidance: cybersecurity best practices, staff training, MFA usage
Claims advocacy and legal support throughout the investigation
Expert-led breach response, from IT forensics to PR crisis management
Challenges Businesses Face Without Cyber Insurance
Challenges This Product Solves:
Ransomware Attacks: Financial and reputational consequences of malicious encryption and extortion demands.
Phishing and Social Engineering: Scams targeting staff to redirect payments or steal credentials.
Regulatory Risk: Exposure to Privacy Act penalties, OAIC investigations, and mandatory breach reporting.
Downtime & Loss of Income: Business interruption from IT network failure or malware.
Data Theft & Exposure: Legal action due to compromised customer records or intellectual property leaks.
Case Studies: How Cyber Insurance Helped Real Businesses
Law Firm Ransomware Attack
A mid-sized legal firm in Melbourne was locked out of all client records after a ransomware breach. Angelic Insurance covered: $55,000 in forensic IT and recovery $20,000 in lost billable hours (business interruption) Crisis communication and privacy notifications to affected clients 📝 Result: Back online in 4 business days with zero long-term legal impact.
eCommerce Business Data Breach
An online retailer had 3,000 customer credit cards stolen due to a vulnerability in its checkout plugin. Angelic Insurance provided: $32,000 in customer credit monitoring and legal counsel Full notification campaign support Remediation strategy and software hardening advisory 📝 Result: Maintained customer trust, avoided fines, resumed operations in under a week.
Frequently Asked Questions
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