Tradie Tough Tests

Tradie Tough Test: BizCover’s Cyber Liability Insurance

WITH SO MANY large-scale data breaches in the media, it’s easy to think hackers are only focused on the big end of town. But unfortunately, every business with an online presence, including your tradie business, is at risk of a cyber attack. With an attack occurring every 7 minutes (ACSC Annual Cyber Threat Report 2021-2022), now might be the time to bite the bullet and get the right cover for your business.

 

Even with the latest software updates and virus busters, having a Cyber Liability insurance policy is still an excellent idea. In a nutshell, your reputation and your customer data is sacred; if you don’t protect it, your business may be fed to the wolves or held for ransom. Cyber Liability insurance* is designed to help protect your tradie business from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered. Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber-crime, cyber extortion/ransomware and business interruption due to a cyber event.

Aside from Cyber Liability insurance BizCover offers multiple business insurance options tailored towards tradies from a great range of trusted Aussie insurers – with easy and instant cover online. For tradies on the go, you can sit down at smoko and have a complete range of business insurance in place before it’s time to get back to work. BizCover realises that life is already dramatic enough, so they have set up their business to ensure arranging insurance from their top Australian providers doesn’t have to be.

TEST #1 PRICE PROMISE

Getting covered is as simple as pulling out your mobile smartphone, jumping onto the BizCover website and answering a few questions about you/your business and what type of insurance you are looking for. Then BizCover will provide you with a range of options from Australia’s top providers. BizCover has put into place its “Price Promise**,” which means if within 7 days of purchasing
an insurance policy through BizCover, you can demonstrate that there is available a substantially comparable policy from an Australian broker or online competitor at a lower price, BizCover promises to either match or beat this quote as long as it is for a comparable insurance product (terms and conditions apply). But it’s great to see how committed BizCover is to offering the best deal possible for Australian tradies and then standing behind their offers with this Price Promise.

TEST #2 CYBER LIABILITY INSURANCE

Cyber Liability insurance* covers losses from claims arising from cyber breaches, business interruption and remediation costs following an actual or threatened cyber-attack. Your tradie business is an attractive target to hackers in many ways, for example, a hacker could get remote access your system, allowing them to intercept emails and with a few keystrokes they could change the bank details on invoices being sent. Sending payments to the hackers and leaving you without your hard-earned cash. Your coverage may generally include cover for expenses and restoration costs relating to the following: data breaches, including theft or loss of client information, network security breaches, business interruption costs, forensic investigation into the cause or scope of a breach, data recovery costs, cyber extortion and crisis management costs.

THE GOOD, THE BAD, AND THE UGLY

BizCover is in the game of simplifying the insurance process for tradies. Head to bizcover.com.au for cost-effective and drama-free cover options for business insurance. They won’t baffle you with insurance jargon. It will be a quick and easy process, and you can rest assured these guys take great pride and care in their work.

*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. BizCover Pty Ltd (ABN 68 127 707 975; AFSL 501769).
**Price Promise applies within 7 days of purchasing an insurance policy through BizCover. Substantially comparable policy should be available from an Australian broker or online competitor. T&Cs apply. Visit bizcover.com.au/price-promise/

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