Technology
Insurance solutions to support growth
Consistent innovation and development means that no two technology companies are alike. We use our in-depth knowledge of the sector to create unique and customised insurance programs for IT services, Web Developers, Hosting Services, System designers, Software and Hardware Producers, Blockchain and Artificial Intelligence Industries.
- Many start-up technology companies do not factor in the importance of insurance, especially cyber insurance. Start-ups are a major target for hackers, making it imperative that the right protection and a plan is in place to save businesses from collapsing.
- New and emerging technologies including quantum computing, artificial intelligence and blockchain present significant opportunities for people, businesses and the broader economy.
- The Australian Government wants to leverage the countries highly educated and digitally literate workforce and build capability in a broad range of technologies including AI, robotics and the Internet of Things in order to expand Australia’s technology industries.
Are you covered?
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Directors & Officers Liability Insurance
Company directors and officers are under immense pressure to carry out their duties to meet stakeholder expectations. Failure to do so may lead to exposure of personal financial liability.
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Computer Crime Insurance
Providing cover for online digital theft of financial assets or data.
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Technology Property
Covering impairment of computer systems including breakdown. Cover can also extend to protect loss of profits following an interruption.
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IT Liability
A combined General Liability and Professional Indemnity package policy, providing protection against a company’s legal liability following a failure of their technology related service or product.
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Cyber Insurance
Cover against cyber breaches, including. security and privacy liability, network interruption and recovery, network extortion, privacy regulatory defence and intellectual property liability.
News & Insights
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Mon 22 Jul, 2019
Cyber breach costs CEO his job
Your IT security may not protect you from every cyber breach Cyber breaches are unfortunately becoming more common in Australia, with organisations needing to become more vigilant when it comes...
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Mon 08 Jul, 2019
Cyber attacks on the rise for the real estate industry
As cyber breaches are becoming more common in Australia, real estate organisations need to become more vigilant when it comes to protecting their balance sheet, and the reputational damage that can be...
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Thu 30 May, 2019
Your IT security software may not protect you from every cyber risk.
Cyber breaches are unfortunately becoming more common in Australia, with organisations needing to become more vigilant when it comes to protecting their balance sheet and the reputational damage that can...
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Mon 29 Apr, 2019
Tougher penalties for Privacy Act breaches
Are you protected? It has now been over a year since the amendments to the Privacy Act were introduced, requiring companies to voluntarily notify any breaches to the Office of...
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Thu 22 Feb, 2018
Are you prepared for the mandatory Data Breach Notification regime?
Starting today, Thursday 22nd February, there is an important change to the way companies are required to manage and report data breaches. The Australian Government introduced the Privacy Amendment (Notifiable...
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Wed 17 Jan, 2018
Are you a small business in NSW? You may be eligible to save on your insurance in 2018.
The NSW Government recently introduced a new small business stamp duty exemption under the Duties Act 1997 (NSW) for eligible insurance acquired on or after 1 January 2018. This means...
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Tue 11 Jul, 2017
The Cyber Minefield for Directors and Officers
By Dan McCallum, Account Manager Honan Insurance Group Navigating Risk in a changing world With the dynamic nature of emerging cyber-crime it is astounding to consider that only 43%1 of...
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Mon 04 Jul, 2016
Honan in tech tie-up
Honan Insurance Group will partner with ASX-listed technology firm BPS to offer insurance products and services to 24,000 SMEs. BPS are a leading provider of technology platforms and management systems...
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Wed 01 Jun, 2016
Cyber Risk in 2016
We all have an idea of what a hacker looks like. You have seen it in movies, perhaps in an episode of your favourite TV series — the Hollywood motif...
