Cyber Insurance Covers the Cost of a Cyber Incident

Cyber Insurance covers the costs of responding to a cyber incident, including IT forensics, legal costs, notifying affected individuals, and regulatory fines where insurable. It can also cover business interruption following an incident and, in some cases, ransom payments.

Almost any business holding customer data, using email, or relying on digital systems carries some level of cyber exposure. We help you understand your risk and arrange cover that matches the data you hold and how exposed your business is.

Which Sectors Often Need Cyber Insurance

Almost every business today has some digital exposure — an IT system, customer data, online orders, or just a website. If that sounds like you, you'll likely need Cyber Insurance. Not sure, or your sector isn't on the list? Get in touch and we'll talk through what you need.

Click on a sector to learn more about other insurances that may be needed to protect your business.

What You'll Need for a Cyber Insurance Quote

We'll talk you through it so that you get the insurance you need for your situation
Data Held

The type and volume of customer or business data you hold, including any sensitive personal information.

Annual Revenue

Your business's annual revenue, which is typically used to help calculate the premium.

IT Systems & Security

An overview of your IT systems and the security measures you have in place, such as backups and staff training.

Claims History

The details of any cyber incidents or related claims in the past 5 years.

How Cyber Insurance Differs From Related Products

Cyber vs. Management Liability

Cyber Insurance covers the direct cost of a cyber incident itself. Management Liability would respond if a cyber incident led to a claim about how the business was managed, such as a regulatory inquiry — the two can intersect after a serious breach.

Cyber vs. Business Interruption

Business Interruption covers lost income following an insured property event. Cyber Insurance can include its own business interruption cover yet is specifically triggered by a cyber incident rather than physical damage.

Cyber vs. Professional Indemnity

Professional Indemnity covers financial loss caused by professional advice or services. Cyber Insurance covers the cost of a cyber incident itself, regardless of whether professional advice was involved.

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Polaris is an Australian insurance broker. We place and review cover for businesses that want a policy built around them, and service to match.

Company

HEAD OFFICE

Backed by the strength of Steadfast

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The information on this page is general in nature and does not take into account your individual objectives, financial situation, or needs. Before making a decision about an insurance product, consider whether the information is appropriate for your circumstances and read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD). Polaris Risk Services Pty Ltd ABN 62 689 768 634 AFSL 700131 acts as your insurance broker and sources policies from a range of insurers on your behalf. Polaris does not act for any insurer.

© 2026 Polaris Risk Services Pty Ltd.

Logo

Polaris is an Australian insurance broker. We place and review cover for businesses that want a policy built around them, and service to match.

Company

HEAD OFFICE

Backed by the strength of Steadfast

Steadfast logo

The information on this page is general in nature and does not take into account your individual objectives, financial situation, or needs. Before making a decision about an insurance product, consider whether the information is appropriate for your circumstances and read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD). Polaris Risk Services Pty Ltd ABN 62 689 768 634 AFSL 700131 acts as your insurance broker and sources policies from a range of insurers on your behalf. Polaris does not act for any insurer.

© 2026 Polaris Risk Services Pty Ltd.