Cyberterms

Compare the policies.

Please note the below isn't financial advice, and our broking team are always available to run through each of these with you, but at a high level here are some key aspects of each policy.

Meet the Insurers Below

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Feature/Aspect	Emergence Cyber PDS	Blue Zebra Cyber PDS	Agile Cyber PDS
Insurer	Lloyd's underwriters via Emergence Insurance	Munich Re Syndicate at Lloyd's via Blue Zebra Insurance	Lloyd's underwriters via Agile Underwriting Services
Policy Type	Business Cyber Insurance (CEP-005)	Cyber Insurance	CyberCare Combined Policy
Version & Date	Not mentioned	Version 2.0 (Effective Date: 31 March 2023)	Version 1.15 (Prepared on 22 September 2021)
Claims Made Basis	Yes, with 'claims made and notified' coverage	Yes, with discovery & claims made policies	Yes, based on claims made and notified
Duty of Disclosure	Detailed, with repercussions for non-disclosure	Detailed, with similar warnings for non-disclosure	Similar detailed section on duty of disclosure
Main Covers	1. Losses to Business 2. Loss to Others 3. Cyber Event Response Costs	1. Third Party Liability 2. Defence Costs 3. Event Recovery Costs 4. Business Interruption Loss 5. Cyber Threat of Extortion 6. PCI DSS fines	1. Electronic Business Interruption 2. Cyber Liability 3. Privacy Regulatory Defence & Penalties 4. Breach & Recovery Costs 5. Cyber Extortion 6. Cyber Deception
Optional Covers	Non-IT Business Interruption, Criminal Financial Loss	Criminal Financial Loss	None mentioned
Exclusions	1. Intentional acts 2. Prior known events 3. War/terrorism 4. Illegal software	Similar exclusions: pre-existing circumstances, war, terrorism	Similar exclusions including pre-existing conditions and terrorism
Complaints Handling	10-day resolution, escalation to Lloyd's and AFCA	10-day resolution, escalation to Lloyd's and AFCA	10-day resolution, escalation to Lloyd's and AFCA
Privacy Policy	Compliant with the Privacy Act 1988 (Cth)	Compliant with Privacy Act 1988 (Cth)	Compliant with Privacy Act 1988 (Cth)
Limit of Indemnity	Not explicitly mentioned; depends on the schedule	Detailed in the policy schedule	Detailed in the policy schedule
Cyber Extortion Coverage	Covered under Section C – Cyber Event Response Costs	Covered under Cyber Threat of Extortion Response Costs	Covered under Cyber Extortion (Monetary Loss)
PCI DSS Coverage	Payment Card Industry (PCI) liability is covered	Fines and penalties for non-compliance covered	PCI compliance not specifically mentioned
Business Interruption	Losses to Business due to cyber event or system failure	Covers business interruption loss for up to 120 days	Covers Business Income Loss due to cyber event
Claims Handling Process	Must notify within 24 hours for cyber event response	Must notify immediately within policy period	Must notify within policy period
Data Recovery Costs	Covered under Cyber Event Response Costs	Included under Event Recovery Costs	Covered under Breach & Recovery Costs

Just some of the teams we’ve worked with.

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We’ve worked with UpSure to help us navigate the earliest days of Thriday and are proud to be a partner. The team go above and beyond to not just get you covered but with many other connections too!

Michael & Ben

Founders, Thriday

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The team at UpSure make insurance for startups very easy! I was struggling with the process of getting the right coverage but UpSure made it simple and easy to understand.
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Scott McKeown

Founder, Espresso Displays

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The team have been flawless and we've been thrilled that UpSure took the time to really understand our business and make the process so much better.
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Lauren Crawford

Head of Growth, Cape

Get other coverage sorted too.

In addition to Cyber insurance UpSure can work with you to put almost every type of cover you may need from Professional Indemnity, to Management Liability, Product Liability, Goods in Transit and much more. For a free and confidential overview of risks, feel free to book a call with us or take the risk survey below.

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