upcover Insurance
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upcover business insurance review

Protect your small business from cyber crime and extortion with upcover

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What you need to know

  • upcover specialises in providing Aussie businesses with a range of options suited to small businesses, startups or independent contractors.
  • upcover is one of the few Australian companies that offer comprehensive cyber & privacy liability insurance.

Get a upcover cyber & privacy liability quote

Name Product Cyber Incident Response Data Extortion Data Restoration Costs Cyber Crime Business Interruption Levels of cover
upcover Business Insurance

Here's the rundown on upcover cyber & privacy liability insurance:

Cyber security icon

Cyber & privacy liability insurance

Both SME business owners and contractors are able to benefit from cyber & privacy liability cover. The importance of insurance in this area can't be understated: according to The Australian Cyber Security Centre (ACSC), 47,000 cyber incidents were identified over the previous financial year.

This product is suitable for companies with up to 100 employees. Limits as high as $5 million may be available and here are the main cover benefits:

  • Cyber Incident Response. Protects you and your business from any financial loss as a result of a cyber incident
  • Cyber Extortion Reimburses you for a ransom payment made as a direct result o a cyber extortion
  • Data and Application Restoration Costs Pays restoration costs incurred as a direct result of a cyber incident
  • Cyber Crime. Provides cover for any direct financial loss as a result of a cyber crime committed by a third party
  • Business Interruption. Offers indemnity for any business interruption losses incurred due to outage from a security failure.
Make sure you read the PDS
2022 Finder research shows that 23% of Australians can't be bothered reading the product disclosure statement. It may be boring but it's worth it in the long run.

Do you need cyber insurance?

A cyber crime happens every 8 minutes in Australia and can absolutely devastate a business if they are not adequately prepared or covered for it. Cyber insurance refers to common forms of cyber security breaches, and can include cover for ransomware, data breaches, privacy breaches or personally identifiable information as well as litigation that might arise from a cyber security breach.


As with any type of insurance policy, not everything is covered by upcover Cyber & Privacy liability insurance. You can find a full list of exclusions in upcover's product disclosure statement . Here is an overview of what is not covered:

  • Anti-competitive behaviour
  • Intellectual property
  • Property damage
  • Chargeback
  • Dishonest of wilful acts

  • Infastructure failure
  • Bankruptcy or Insolvency
  • Intellectual Property
  • Bodily Injury
  • Assumed Liability

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