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Even the best IT systems can't stop every cyber-incident. For SMEs, one breach could cost thousands, damage your reputation and disrupt your operations. But that's where Gallagher can help, we make cyber insurance simple, accessible and tailored to your business needs.

Five reasons to consider cyber insurance

  1. Criminals are actively targeting Australian SMEs
  2. A cyber incident is reported every six minutes in Australia1
  3. The average cost of a cyber incident for small businesses in Australia is $56,6001
  4. Cyber insurance will help you manage the financial impact of a cyber incident
  5. Cyber insurance isn't just a payout after an attack, it will give you access to experts who will help you get back on track quickly.
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We thought we were too small to be a target. Then we got locked out of our systems and lost three weeks of revenue.
Gallagher client

Cyber risk self-assessment

How cyber insurance protects your business

Cyber insurance is not one-size-fits-all. That's why our brokers tailor cover based on how your business operates.

Your cover may include:

How cyber insurance can help your business recover

Still think you are not a target?

Many business owners believe they fly under the radar. But small and micro businesses are among the most common victims of cybercrime in Australia.

Here's why:

  • Cyber criminals know SMEs often have fewer defences and they're a target not just for ransom, but also as an access point to larger organisations and supply chains
  • Employee error is one of the leading causes of cyber incidents. Clicking a phishing link or a weak password can open the door to attackers even if you have IT security
  • You may not store credit card details or health records, but you may hold valuable data coveted by cyber criminals. This includes email addresses, invoices and ABNs, contract details, strategy documents etc
  • Even simple attacks can lock you out of your systems and halt your business for days.
Source

1https://www.cyber.gov.au/about-us/view-all-content/reports-and-statistics/annual-cyber-threat-report-2024-2025

Disclaimer

Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general information purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient's industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers' control.

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Insurance brokerage and related services to be provided by Arthur J. Gallagher & Co (Aus) Limited (ABN 34 005 543 920). Australian Financial Services License (AFSL) No. 238312. You should consider if the insurance is suitable for you and read the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) before making a decision to acquire insurance.