Cyber and data breach insurance for businesses of all sizes
There are many different cyber risks that can impact a company and its ability to serve its customers. Whether it’s phishing attacks, denial-of-service attacks, ransomware or other types of malware, we have insurance packages that provide expert recovery of your electronic files, customer data, credit card information, passwords and other sensitive data. Our affordable plans also cover lost revenues because of downtime and PR support for any reputational damage. One in five Canadian businesses are hit by cyberattacks each year. We can help.
What businesses need cyber liability insurance?
This coverage has become essential for all businesses, regardless of size or industry. If you have a website, send electronic communications, use point-of-sale systems, or store customer payment or other personal information electronically, cyber insurance is a necessity. As a trusted brokerage for 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 brokers for a quote.
How much do cyber breaches cost businesses?
Hacks and cyber breaches come in many forms and impact businesses in different ways. Key factors in how much a breach will cost include business size and industry, the amount of data and customer records being stored electronically, and how long it takes to discover and fix the breach. On average, the total cost of a breach is about $270 per existing and prospective customer in a business database. For example, a breach of 700 customer records could cost around $200,000.