Cyber Base
Cyber Base is a cyber insurance product underwritten by NZI – a business division of IAG New Zealand Limited (IAG (Insurance Australia Group – Australia)), available in New Zealand. It is aimed at small and medium-sized businesses, mid-market companies and large enterprises. Coverage limits reach up to Bespoke per risk.. Policyholders get 2 bundled proactive services — Risk assessment and Incident response — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of Not rated by AM Best.. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- NZI: largest commercial insurer in New Zealand; business division of IAG New Zealand Limited; 160+ years insuring New Zealanders; part of IAG group (AA S&P rating).
- Broker-only distribution; NZI broker portal at secure.nzibrokerportal.co.nz.
- Online cyber risk self-assessment tool: nzi.co.nz/cyber-cover/assess-your-cyber-risk.
- Claims via broker; 24/7 claims line 0800 123 694.
- NZI Cyber Base: essential cyber cover designed to operate alongside other NZI Liability products.
- Coverage: Privacy (loss of personal/corporate information incl. employee data; loss of information held by cloud/ISPs; IT systems/records/data; defence costs); System Damage (lost/damaged/destroyed IT systems, data recovery costs, external IT forensic/security consultants); Computer virus, transmission and hacking (hacker/virus liability, data theft, phishing/DoS attacks, employee and third-party attacks); Multimedia liability (libel, slander, defamation; copyright/trademark/trade name infringement on digital and print material; defence and third-party costs); Privacy fines and investigations (fines and penalties from privacy breach; defence and investigation costs); Privacy breach notification and loss mitigation (credit monitoring, identity theft monitoring, data restoration, forensic costs, legal costs).
Limitations
- Designed to operate alongside other NZI Liability products — not a standalone product.
- No business interruption cover; no computer crime cover; no PR/reputation cover.
- Social engineering/FTF available as optional extension only (with mandatory internal training condition).
- NZ domestic focus; commercial lines only; broker-only.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Base designed for?
Cyber Base by NZI – a business division of IAG New Zealand Limited targets small and medium-sized businesses, mid-market companies and large enterprises in New Zealand. Geographic scope: Domestic only..
+What proactive security services are included with Cyber Base?
The policy bundles 2 proactive services: Risk assessment and Incident response. These preventive services are typically included in the premium.
+Does Cyber Base help with NIS2 or DORA compliance?
NZI – a business division of IAG New Zealand Limited indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cyber Base in New Zealand?
Cyber Base is sold through insurance brokers — broker contact: https://secure.nzibrokerportal.co.nz/. Compare it with alternatives in New Zealand on Ryskly before approaching a broker.