Cyber and data breach insurance for small businesses and bigger ones

No matter the type of cyber-attack like denial-of-service, phishing attacks, ransomware or other malware, we have insurance packages that provide expert recovery of your electronic files, customer information, credit card information, passwords and other sensitive data. Our plans also cover lost revenues because of downtime and PR support to recover from any reputational damage. One in five Canadian businesses are target by cyber criminals, we can help. 1-800-731-2228

Get a quote for cyber insurance and data breach coverage

Let us protect your e-commerce site or website with affordable cyber insurance. This is essential coverage if you store or employee customer records, payment or other personal information electronically. As a trusted outlet to over 70 of Canada’s top insurance companies, we have access to some of the best cyber coverages and rates in Canada. Talk to one of our cyber insurance experts for a quote. 1-800-731-2228

How much do cyber breaches cost businesses?

Hacks and cyber-breaches come in different forms and impacts to businesses – key factors include business size and industry, customer record size, and how long it takes to discover and fix a breach. On average, the total cost of a breach is about $270 per customer or prospective customer in a business database. For example, a breach of 700 customer records could cost around $200,000. If you have any questions about cyber insurance, give us a call. 1-800-731-2228

Good to know: What does cyber insurance cover?

There are a lot of coverage options for cyber insurance depending on the size of your business or your specific needs. It generally includes:

Data recovery
and ransom costs

Covers the cost of a cyber-recovery team to recover your data, as well as costs to diagnose system vulnerabilities and fix your systems. If hackers lock you out of your systems and recovery is not possible, you’re covered for ransom fees.

Lost revenues and
business interruption

Covers any immediate revenue losses because of a data breach or ransomware lockout. It can also include lost revenues while your e-commerce website or electronic systems are down.

Legal fees and court
awarded damages

Covers fines related to legal requirements if you lose customer data like privacy and payment card information. You’re can be covered for court awarded damages for the leak of sensitive customer information too.

Public relations and
reputational recovery

Covers the costs of expert public relations support to protect or rebuild your company’s reputation. It can include lost revenues and to retain customers because of reputational damage.

Your business is unique, so are your insurance options.

Being an outlet for over 70 of Canada’s top insurance companies means our commercial experts have access to a wide range of coverage options as unique as your business – at some of the best rates in Ontario. We sweat the details so you can focus on your business. Want to learn more about the coverage options available to you? Here’s a few of them.