Personal Cyber

Today, technology is part of our everyday lives. Whether it’s how we communicate, purchase items and/or coordinate our family’s busy schedule, we are heavily reliant on technology.

Our dependence on the internet, and the exponential growth of web-enabled devices and social media, has resulted in people being much more interconnected. And that’s introduced new risks into our homes and everyday lives that must be managed.

Personal Cyber Insurance covers you, your family, your identity, your reputation, your money and your time (wage replacement) when a cyber event occurs.

The cover provided by comprehensive insurance can vary, depending on the policy.

But here are some examples of possible cover for cyber events:

• Hacking/Crimeware
• Cyber extortion (ransomware)
• Viruses
• Cyber espionage
• Denial of service attacks
• Cyber theft
• Identity theft
• Personal financial loss
• Wage replacement benefit
• Repair to e-reputation costs

Social media can also become a breeding ground for anti-social behaviour. That’s why the product may also respond to:

• Cyberbullying
• Cyberstalking
• Cyber harassment

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your GSK insurance broker.

A Product Disclosure Statement (PDS) is available for personal cyber insurance and can be obtained from a GSK insurance broker.

You should consider the PDS in deciding whether to acquire, or continue to hold, personal cyber insurance.