Cybercrime is one of the fastest-growing threats to business—and New Zealand’s SMEs are on the front line. Making up 97% of all businesses, they’re the backbone of our economy, yet, one in two cyber events in New Zealand target SMEs, with the average breach costing NZ$173,000.
The fallout from a cyber event can be swift and severe—disrupting operations, damaging reputations, and draining resources. QBE’s Cyber Insurance is built to protect Kiwi businesses from these risks, offering tailored coverage that helps you recover fast and stay resilient.
Whether you're a startup or an established enterprise, we’re here to help you navigate the digital threat landscape with confidence.
What we cover
Our Cyber Insurance provides comprehensive coverage for cyber events like data breaches or ransomware attacks, helps cover the cost of business interruptions, and includes protection against third-party liabilities, such as regulatory investigations and credit monitoring expenses. It’s peace of mind in a digital world.
Coverage may include
- Network Security and Privacy Liability
Protection against claims arising from data breaches or security failures. - Privacy Regulatory Proceeding
Coverage for legal costs and penalties from privacy investigations. - Media Liability
Protection against claims related to online content, including defamation and copyright infringement. - Event Expense
Covers costs to respond to a cyber event, including forensic investigations and public relations. - Network Extortion
Protection against ransomware and other extortion threats. - Business Interruption
Compensation for lost income due to a cyber event. - Dependent Business Interruption
Coverage for losses caused by cyber events affecting third-party providers. - Bricking
Covers the cost of replacing hardware rendered unusable by malware. - Consequential Reputational Loss
Protection against revenue loss due to reputational damage. - Reward Fund
Financial incentives for information leading to the arrest and conviction of cybercriminals. - Cryptojacking
Coverage for unauthorised use of your systems for cryptocurrency mining. - Social Engineering
Protection against losses from deceptive tactics used to manipulate staff into transferring funds or sensitive data.
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Why QBE?
With deep expertise in risk management and a strong local presence, QBE is committed to helping New Zealand businesses navigate the complex world of cyber threats. Our Cyber policy is more than just insurance—it’s a partnership that puts your business at the heart of risk protection.
For more information on QBE Cyber coverage, contact:
Miro Dordevich
Cyber Product Lead
[email protected]
For a full copy of the policy wording and any supplementary questionnaires that might need to be completed, please refer to your broker.
* Clicking this link will take you through to the IBANZ website. Please note that not all insurance brokers are members of IBANZ.