Cyber Liability Insurance

Cyber Liability

No sport is safe

from cyber attacks

No sport is safe

from cyber attacks

Remove the uncertainty

Cyber crime is one of the leading risks facing the sports industry globally.  It can take just one successful cyber-attack to cause significant financial and reputational damage.  

Cyber crime is one of the leading risks facing the sports industry globally.  It can take just one successful cyber-attack to cause significant financial and reputational damage. 

Remove the uncertainty

What is Cyber Liability insurance?

Cyber liability insurance is designed to help protect you from the financial impact of computer hacking or a data breach.

Cyber liability insurance gives you access to a panel of experts, from legal and PR advice to IT specialists to help you control, contain and coordinate your response to a cyber incident and can cover you for a range of threats and outcomes.

Who should consider it?

As technology advances and more sporting organisations have an online presence, Cyber Liability is a threat to all sporting organisations.

Larger sports and recreation associations definitely have a need for Cyber Liability insurance due to more complex operations and the widespread use of their servers, cloud severs, websites, and social media. However, even smaller, local-based organisations have exposures arising from their use of websites and social media, and many have adopted online transactions such as player registrations, including the collection on information from minors, under the age of 18.

Inappropriate or illegal release of personal information such as member or employee records and credit card details into a public domain can cause real damage to your organisation.

If a breach of sensitive information happens to your organisation, it will not only affect you financially but can threaten your intellectual property, supporter trust and reputation.

Having the right cyber security and risk management practices is the best way to avoid a cyber attack or data breach but, if something does go wrong, cyber insurance can help you pick up the pieces.

HDL, the right partner for you.

Seek advice from HDL

As repositories of vast amounts of member information, sporting organisations are attractive to cyber criminals, who consider them easy targets due to less sophisticated IT security measures.

When considering Cyber Insurance, not all policies are the same. Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer and access to legal, IT and PR experts is not always included.

That’s why our our specialist broking team members get to know you, enabling them to provide considered advice delivering you the best policy for your specific needs.

Touch base with us to learn how we can help you.

Did you know?


There were 177,519 scams reported in 2018 with 9.9% having a financial loss of $107,032,111.

(Scamwatch statistics, Australian Competition & Consumer Commission, 2018)


58% of victims of data breaches are categorised as small businesses.

(Summary Findings, Verizon 2018 Data Breach Investigations Report, 2018)


Among businesses that have experienced a successful infiltration of their corporate network by ransomware, 22% reported that they had to cease business operations immediately and 18 percent lost revenue.

(Second Annual State Of Ransomware Report: Survey Results for Australia, Osterman Research, 2017)

What can it cover?

Cyber insurance policies vary in the benefits they provide. HDL can help you find the most suitable product that meets the needs of your organisation. Here’s the type of cover that your policy may include:

Type of cover Potential benefits

First party losses

Business interruption losses
Covers financial loss you may suffer as a result of a cyber attack
Cyber extortion
The costs of a cyber attack, such as hiring negotiation experts, covering extortion demands and prevention of future threats.
Electronic data replacement
The costs of recovering or replacing your records and other business data.

Third party losses

Security and privacy liability
Damages to your reputation resulting from data breaches, such as loss of third party data held on your system.
Defence costs
Funds the legal costs of defending claims.
Regulatory breach liability
Covers legal expenses and the costs of fines arising from investigation by a government regulator.
Electronic media liability
The costs of copyright infringement, defamation claims and misuse of certain types of intellectual property online.

Extra expenses

Crisis management expenses
Provides cover for the costs of managing a crisis caused by cyber hackers.
Notification and monitoring expenses
The costs of notifying customers of a security breach, and monitoring their credit card details to prevent further attacks.

Example claim scenario

A large sporting association misplaced multiple storage devices which contained sensitive information for over half a million participants and members.

The association could not determine whether the devices were lost, stolen or destroyed. Lawyers advised them to notify the affected individuals and assisted the association to address a regulatory investigation into the incident which saw the association fined for failing to adequately protect the information.

Cover under the Regulatory breach liability section allowed for the payment of legal fees incurred by the organisation in connection with responding to the investigation. It also provided coverage for a $75,000 fine.  Legal costs were covered and totalled just over $500,000 including costs incurred in defending claims brought by affected individuals, costs associated with regulator enquiries, and for miscellaneous notification related work.

This type of breach triggers multiple insuring agreements, and overall costs were $1,000,000.

Complimentary Review

Complimentary Review

Securing optimal insurance protection is becoming more challenging.

Having a fresh set of eyes can make a dramatic difference.  HDL welcomes the opportunity to evaluate and challenge your current risk and insurance program in a confidential manner that avoids disrupting existing relationships.

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Our Global Insurance Network

Over 150 Insurers across the globe.

Our Global Insurance Network

Over 150 Insurers across the globe.