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Cyber

Tired of constantly hearing about the risk of cyber attacks without being offered an easy and cost-effective insurance solution? Here at Pen, we would rather help than scare.

Our new-to-market Cyber product is designed to assist the Insured during, and after, a cyber incident/event. A cyber event can include computer hacking, malware (malicious software), or data theft.

Our claims services are locally based and managed by Sparke Helmore, including our 24-hour hotline - 1800 029 237, pencyber@sparke.com.au

Our capacity is 100% certain underwriters at Lloyd's.

Our Risk Appetite

Risk types ranging from:

  • Breach costs

  • Costs for damage to data or programs

  • Insured’s network failure - income loss and extra expense

  • Cyber extortion and ransomware

  • Network security, privacy and confidentiality liability

  • Network security, privacy liability (regulatory)

  • Multimedia liability

  • Cyber terrorism

  • Payment card industry data security standard – fines penalties and assessments

extensions

  • Outsource service provider or cloud service provider failure -

  • Income loss and extra expense.

  • e-Theft (crime)

What we don’t cover

We have a very broad appetite, targeting risks with a turnover between $5m - $450m
Our industry exclusions are:

  • Social Media

  • Adult Content

  • Technology Companies

  • Payment Processors

  • Business Processing Outsourcing (BPO)

  • Debt Collecting

  • Companies providing interactive consumer healthcare information websites

  • Internet Service Providers

  • Gambling

  • Direct Marketing

For more information, please contact our professional risks specialists.