DIGITAL RISK
Cyber Insurance for Australian Small Businesses
Cyber cover can help fund incident response, recovery costs and liability after privacy, ransomware or business email compromise events.
Search intent
Cyber risk is now operational risk
Even a small business can be stopped by compromised email, ransomware, payment redirection, lost laptops or a privacy notification event.
For SMEs that rely on email, cloud systems, payment data, client records or online trading.
Email compromise
Invoice redirection and fraudulent payment instructions can create direct financial loss and client disputes.
Privacy incidents
Customer, employee or patient records can trigger investigation, notification and response costs.
System downtime
A cyber event can interrupt trading even if there is no physical property damage.
Cover structure
Cyber cover sections to compare
Cyber policies vary heavily, so we compare response support, exclusions, sub-limits and security prerequisites.
Incident response
Access to forensic, legal, notification and crisis support after a suspected cyber event.
Cyber interruption
Lost income and extra expense after covered system interruption or cyber attack.
Cyber liability
Third-party claims connected to privacy breaches, network security failures or data incidents.
Social engineering
Optional or sub-limited cover for funds transfer fraud and payment deception, subject to controls.
Who it helps
Businesses with cyber exposure
Broker process
How BOK approaches cyber insurance
Review systems and data
We identify email, payment, cloud, personal information and outsourced IT dependencies.
Check controls
We review MFA, backups, access controls and insurer security requirements.
Compare response quality
We look at incident response, exclusions, sub-limits and business interruption wording.
Keep browsing
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Open pageFAQs
Common questions about cyber insurance
Do small businesses really need cyber insurance?
Many do, especially if they rely on email, cloud systems, personal information or online payments. The right answer depends on exposure and existing controls.
Does cyber insurance cover ransomware?
Some policies provide ransomware-related incident response and recovery cover, subject to policy terms, exclusions and security requirements.
Is cyber cover part of a business pack?
Some business packs include limited cyber extensions, but standalone cyber policies usually provide broader response and interruption options.
With B Ok, you'll be OK
Need this cover reviewed?
Tell us what your business does, what you already have in place and what contracts or assets need protecting. We'll help you compare suitable options.