Cyber - CyberSelect
Cyber Insurance
AUD 10M
All States
No
- Cyber
- SMEs
- Primary insurance for businesses between $30m and $400m in revenue
Product Overview
Cyber - CyberSelect by Agile Underwriting Services is built for mid-market and corporate clients that need stronger cyber protection. The policy offers 16 key benefits that address financial loss, legal exposure and business interruption after a cyber incident.
Cover includes data breach response, data and program restoration, network failure, cloud provider outages and reputational harm. There is also protection for social engineering, ransomware costs, media and privacy liability, regulatory penalties and certain PCI fines.
About Cyber - CyberSelect by Agile Underwriting Services
Australian and New Zealand businesses can access limits up to AUD 10m on this page, with facility capacity noted up to $15m. Cover can sit on a primary or excess basis for a wide range of industries outside the listed higher-risk sectors.
Incident response is handled by Clyde & Co’s specialist team, with a 24/7 hotline and advancement of approved breach response costs. This structure helps clients act quickly with expert vendors while keeping cash flow pressure lower during a live event.
Brokers can use the product documents and appetite guides to test fit before going deeper into placement. When a risk looks suitable, the on-page Contact Underwriter option and Agile’s cyber quote channels make next steps straightforward.
Cyber - CyberSelect by Agile Underwriting Services FAQs
What types of incidents can CyberSelect respond to?
CyberSelect responds to a wide range of cyber events that affect data, systems, liability and reputation. Covered areas include data breach response and restoration, network and cloud provider failure, cyber deception, ransomware, privacy, media and regulatory liability, some PCI penalties, reputational harm, computer hardware loss, court attendance and cyber terrorism.
Who is the Cyber - CyberSelect by Agile Underwriting Services policy designed for?
The policy is designed for mid-market and corporate organisations with larger cyber exposures for mid-market and corporate organisations. It targets Australian and New Zealand companies, often between $30m and $400m in revenue, within the Cyber Insurance line of business. Readers wanting a wider market view can also refer to the broader Cyber Insurance guide on Insurance Business.
How does CyberSelect treat outsourced IT and cloud providers?
The policy recognises that many organisations rely on third-party technology partners for core services. Cyber - CyberSelect by Agile Underwriting Services includes a specific benefit for Outsource Service Provider and Cloud Service Provider Failure, where those partners’ outages disrupt the insured’s operations. This sits alongside cover for the insured’s own network failure, giving broader protection across internal and external infrastructure.
Does Cyber - CyberSelect by Agile Underwriting Services address reputational damage after an incident?
This insurance product includes a dedicated reputational harm benefit. This sits with incident response managed by Clyde & Co, who provide a 24/7 hotline and coordinate communications support through approved vendors. By combining response costs and reputational cover, the policy helps organisations manage brand impact as they work through a cyber event.
Can CyberSelect be used on an excess layer above another cyber policy?
Yes, CyberSelect can be written on both primary and excess bases for eligible Australian and New Zealand companies. The facility offers capacity up to $15m through two established Lloyd’s binders, while the IB Markets product listing shows a maximum of AUD 10m. This flexibility allows Cyber - CyberSelect by Agile Underwriting Services to sit above an existing cyber placement or form part of a layered cyber program.
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