Insurance brokers operate on behalf of their customers. Insurance brokers understand both the potential risks that an individual or business may face and also the various insurance policy options and insurance providers that exist across the market.

Insurance brokers can help customers with hard to place risks to find an insurance provider that can meet their needs.

Insurance Brokers work for the customer and are independent of the insurers that they engage with on behalf of their clients. Insurance Brokers work for their customers and have their customers' best interests at heart. Insurance Brokers do not work for the insurer. Insurance Brokers help their clients to find and source available insurance that matches their needs and requirements.

Insurance brokers help clients to reduce their risk by sourcing and matching their clients with appropriate insurance products. Insurance brokers work for their customers. Insurance brokers focus on understanding their customers' risks and exposure and their insurance requirements.

With almost 4000 Australian Insurance Brokers on Advisr, Advisr is the best place to find an insurance broker right for you. Asking for recommendations from others in your industry or area is a good place to start in looking for an insurance broker. You can search for that insurance broker on Advisr by name.

You can also search for an insurance broker by the type of insurance you need (insurance category), by your industry or by location depending on what is most critical to you. You can learn more about what a broker is like to work with by reading customer reviews left on Advisr. Educating yourself and reading articles by insurance brokers that explain different insurance lines, or dissect exposure to risk in different industries also helps you to find and select an insurance broker that understands your business or personal risk. We have hundreds of articles on Advisr to help you understand your insurance needs and find an insurance broker right for you.

Cyber Insurance is an insurance product that provides financial coverage for the loss associated with a cyber event occurs. Cyber events can include hacking, ransomware, loss of data or data theft.

Cyber Insurance coverage depends on the insurance policy that has been taken out. 

Usually Cyber Insurance provides coverage for financial losses to your business or your customers or others as the result of a cyber security breach.

Financial losses from a cyber security breach may include

Recovery of data and records.

Liability from loss of data.

Defence of legal claims.

Loss of revenue due to your business being interrupted. 

Paying ransoms to recover data.

Copyright infringement and intellectual property liabilities. 

Rebuilding and reestablishing security protocols and systems. 

Cyber Insurance costs are determined by the level of cover being sought, the sensitivity of the data and business operations being protected and the risk mitigation processes that have been put in place already. 

What is key to remember is that the cost of Cyber insurance is often a function of the coverage being provided, so cheaper Cyber insurance may not always offer the same levels of coverage as more expensive alternatives. You want to consider your coverage requirements first, and then seek to find and determine the costs associated.

Using an Insurance Broker for your Cyber insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Cyber insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer.

So whether it's damages caused by cyber theft, defective equipment, ordinary wear or deterioration or any deliberate or intentional act or omission, your Insurance Broker can assist you to be covered.

Ransomware is malicious software that gets installed on a device as malware that can facilitate extortion. Ransomware is a type of cyber attack that Locks a computers content and displays a message requiring victims to pay a ransom to retrieve or unlock their data. Ransomware may lock a computers content and displays a message requiring victims to pay a ransom to unlock the computer or access their data.

Credential harvesting is a cyber attack that uses software installed on your device as malware. This malware is designed to harvest, record or collect a users sensitive credentials; such as email addresses, usernames, passwords and other personal data, when they are logging onto a website or inputting data on their device.

Advisr has 1061 insurance brokers and 182 insurance brokerages specialising in Cyber Insurance. To find the right insurance broker who specialises in Cyber Insurance, check out this page for specialist Cyber Insurance Brokers.

• Read real customer reviews to learn more about them
• Educate yourself about Cyber Insurance by reading articles written by insurance brokers that explain Cyber Insurance
• Ask friends or colleagues to refer their Cyber Insurance broker to you and look them up on Advisr to read their reviews and connect with them.

Advisr is built to help you understand your insurance needs and find an insurance broker that is right for you.