Cyber Liability Insurance
Cyber Liability Insurance is a cyber insurance product underwritten by Delta Insurance Australia Pty Ltd (Delta Insurance Group), available in Australia. It is aimed at small and medium-sized businesses, mid-market companies and large enterprises. Coverage limits reach up to Up to AUD 25M (capacity via Lloyd's).. The policy extends beyond standard cyber liability with Cyber crime / FTF. Policyholders get 3 bundled proactive services — Incident response, Pre-breach advisory and Crisis management — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A (Excellent) – AM Best. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Delta Insurance Australia Pty Ltd (ABN 83 652 033 933): specialist MGA within Delta Insurance Group (NZ, AU, SG, Asia); Lloyd's coverholder; AFSL 535427.
- Capacity via Lloyd's — Lloyd's Asia rating: A (Excellent) AM Best; A+ (Strong) S&P; AA- (Very Strong) Fitch.
- AM Best PA-2 (Excellent) performance assessment — 4th consecutive year (2024); Delta Insurance Group.
- Coverage: Business Interruption, Third Party Liability, Hacker Theft Cover, Costs to Restore, Data Forensic Services, Network Extortion / Triage & Breach Consultation, Notification Services & Credit Monitoring, Mandatory Breach Reporting, Public Relations Expenses.
- New in Version 2: Reconstitution Costs, Reward Expenses, Telephone Hacking, Social Engineering Cover, Third Party Contractor Liability extension, Reputation Harm, Human Error, Programming Error.
- 24/7 rapid response: local and international IT security experts; immediate containment, access restriction, perimeter security.
- Delta Defend: pre-loss cyber risk management tool and fact sheet (separate service for pre-breach risk mitigation).
- Delta Depend: independent security assessors service for cyber risk assessment and backup testing.
- Claims partner network: forensics, endpoint detection, forensic technology, BCP, loss assessment, crisis comms, PR, fraud and identity reports; cyber incident reported by phone or email.
- Wraparound cyber risk management services; post-loss partner network to strengthen cyber security baseline.
- Broker-only distribution; content intended for insurance intermediaries only.
Limitations
- Broker-only; content for insurance intermediaries only.
- Australia domestic market primary focus.
- Authorised Corporate Representative (CAR 001296353) of DIA Licence Pty Ltd AFSL 535427.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Liability Insurance designed for?
Cyber Liability Insurance by Delta Insurance Australia Pty Ltd targets small and medium-sized businesses, mid-market companies and large enterprises in Australia. Geographic scope: Domestic only..
+What proactive security services are included with Cyber Liability Insurance?
The policy bundles 3 proactive services: Incident response, Pre-breach advisory and Crisis management. These preventive services are typically included in the premium.
+Does Cyber Liability Insurance help with NIS2 or DORA compliance?
Delta Insurance Australia Pty Ltd indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cyber Liability Insurance in Australia?
Cyber Liability Insurance is sold through insurance brokers — broker contact: https://deltainsurance.com.au/contact. Compare it with alternatives in Australia on Ryskly before approaching a broker.