What is Cyber Insurance?
Cyber insurance is designed to help cover your business’s financial losses if it falls victim to cybercrime. It can help cover a wide range of cyber related risks, and risks relating to information technology infrastructure. A claim under Cyber Insurance may cover financial losses your business suffers as a result of a cyber incident (known as first party cover), as well as losses suffered by third parties as a result of the incident (known as third party cover).
Cyber crime is no longer new news, and small businesses are not immune to the likelihood of cyber attacks. That’s why Cyber Insurance is an important cover to consider for any small business with a digital footprint.

Cyber Insurance options through Aon
CFC Micro SME Cyber Insurance |
Other Cyber Insurances |
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May be available for online purchase |
Available through an Aon broker |
Complimentary access to CFC Response App |
Access to CFC Response App available with a CFC cyber insurance policy |
Cover for incident response; system damage & business interruption; network security & privacy liability, and third party losses up to certain limits (Subject to full policy terms and conditions) |
Flexible coverage options |
Maximum policy limit of $100,000 |
Flexible limits available based on your business’s industry & needs |
No cover for Media Liability and Technology Errors & Omissions |
Optional cover available for Media Liability and Technology Errors & Omissions |
Only available to businesses in selected industries with annual revenue under $2,000,000 |
Can be arranged for businesses in a wide range of industries and revenue |
Difference between CFC’s Micro SME Cyber Insurance and other standard Cyber Insurances
The CFC Micro SME Cyber Insurance policy is an entry level policy which includes a maximum policy limit of $100,000. If this single limit is not sufficient for your business, please contact Aon to discuss alternative cyber insurance options.
Remember, just as every business is different, so too is their digital footprint and the cyber insurance cover they require. It’s important to carefully review the potential cyber risks that your business faces, along with the potential loss you could suffer following a cyber attack when deciding which cover option to select. You can also use tools such as the CFC ransomware calculator* to estimate your business’s ransomware risk. Considering a combination of factors may give you an indication on whether an entry-level policy is appropriate for your business, or whether you need to consider another Cyber Insurance product.
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We offer tailored products for a wide variety of Industries and professions.
Why choose Aon for Cyber Insurance?
Aon is committed to making life easier for small and medium business owners with insurance that’s easy to understand, buy and manage. If you’re a small business owner, your job is anything but small, so when it comes to protecting your business with the right cover, it helps to have an expert on your side.
You can compare covers and take out a policy online in just a few clicks. But if you need help, our team of friendly experienced brokers are a phone call away; helping give confidence you’re making a better decision for you and your business.
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1. Subject to full terms, conditions, exclusions and limits of the policy.