Cyber Insurance for Accountants | Protect Client Data | Abacus Australia

Cyber Insurance

Cyber Cover for the Day Your Inbox Misbehaves

You live in email. Criminals do too. If an invoice is intercepted, credentials leak, or files get encrypted, you need experts now — not next week. Cyber Insurance connects you to incident response, legal and privacy guidance, and recovery so you can stabilise fast.

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Person working on a laptop — cybersecurity for accountants

What's covered

What Cyber Insurance covers

From the moment something goes wrong through to full recovery — here is what a cyber policy is designed to handle.

Incident Response

24/7 hotline, forensics, and containment from the moment something goes wrong.

Legal & Privacy

OAIC breach notifications and client communications handled.

Business Interruption

Lost revenue covered while your systems are down or compromised.

Cyber Extortion

Ransomware support, negotiation guidance, and recovery costs.

Funds Transfer Fraud

Protection against BEC and social engineering (where included or added).

Data Liability

Third-party claims after a breach involving client information.

Why it works

Built for accounting practices

Cyber insurance that fits the way accountants actually work — not a generic policy retrofitted to your practice.

One number to call

One incident hotline, one team coordinating forensics, legal, and communications. No juggling multiple providers mid-crisis.

Built for your workflow

Options aligned to an accountant's workflow: email-heavy, client data, payment systems, cloud portals.

Easy to bundle

Simple to add alongside PI on the same renewal date, with coordinated cover that avoids gaps.

The process

How it works when you need it

When something goes wrong, every minute counts. Here is how the process unfolds from the first call to resolution.

Something happens

Call the incident hotline. Available when you need it, not just business hours.

Cover confirmed

We confirm your cover and outline the first steps immediately.

Response team engaged

Forensics, legal, and privacy support engage to contain and assess.

Resolution

We keep you informed through to resolution and recovery.

Important: Coverage varies by policy and endorsements. Always check your schedule and PDS.

Common questions

Frequently asked questions

Questions we hear from accounting practices every week.

Is cyber insurance mandatory for accountants?

Not typically mandatory by law, but it's increasingly expected by clients and partners — and often required in panel or contract terms. Given the sensitivity of client financial data, it's fast becoming standard practice for accounting firms of all sizes.

Does PI already cover cyber incidents?

PI focuses on professional services errors. Cyber handles breaches, ransomware, business email compromise, and privacy obligations. They complement each other — which is why we recommend bundling them.

We use cloud software — aren't we covered by the vendor?

Your cloud vendor covers their infrastructure, not your practice's liability or business interruption. If client data is exposed via your credentials or systems, the responsibility — and the cost — sits with you.

What limit should I start with?

Many small firms start at $250k–$1M and adjust with growth. Think about your client count, the sensitivity of data, and the cost of being offline for 3–10 days.

Is funds-transfer fraud included?

Sometimes included as standard, sometimes an add-on. We'll make sure it's addressed in your policy.

Will you help me notify clients after a breach?

Yes. Templates and guidance for client communications are part of the incident response service.

Do you work with my IT provider?

Yes. The forensics team coordinates with your existing IT provider throughout the response.

What moves the premium?

Revenue, whether you have MFA and backups in place, data volume, and the limit you choose.

Protect your practice from cyber risk

Client data, email systems, and practice continuity — all covered

Cyber incidents don't wait for business hours. Make sure your response team doesn't either.