Cyber Insurance policies may include cover for certain fines or penalties, but only if they are legally insurable. This typically relates to breaches of privacy regulations or failure to meet obligations under laws such as the Notifiable Data Breaches (NDB) scheme.
Cover is not guaranteed in all cases. Whether your policy includes this protection depends on:
- The specific wording of your policy
- Your business location and relevant legal framework
- The type of fine or regulatory action involved
Some fines, particularly criminal penalties or those imposed by foreign regulators, may be excluded altogether.
We can help review your policy and clarify whether cover for fines or penalties is included based on your risk profile and jurisdiction.
Contact us if you’d like to better understand your options or need help reviewing your current cover.
