Cyber attacks are becoming more and more common, and they can be incredibly costly for companies. When business systems are breached or hacked, you can incur costly containment and repair expenses, with the risk of lawsuits brought on by third parties.
Let our experts ensure your business can continue on after a cyber incident.
Cyber Liability Insurance covers costs associated with cybercrime involving your technology systems and customer data.
Cyber attacks are becoming more and more common, and they can be incredibly costly for companies. In fact, a recent study found that the average cost of a cyber breach is now over $4 million. There are a number of reasons why cyber breaches are so costly for businesses. First, there is the direct cost of the attack itself. This can include things like money spent on recovery efforts and legal fees. Additionally, there is the indirect cost of the attack, which can include things like lost productivity and damaged reputation. Finally, there is the regulatory cost, which can include fines and penalties imposed by various governing bodies. Taken together, these costs can very quickly add up, making cyber breaches one of the biggest exposure for companies today.
If hackers or cyber criminals infiltrate your business network, take over your website, hold data hostage, or steal sensitive client information, you can be held liable for the incident besides having to take care of the recovery costs.
We help Canadian Business Owners craft the perfect insurance policy for their business.
Here are a few of the industries we serve.
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Developers and contractors, to landlords, accommodations and more..learn more
Lawyers, accounts, consultants, architects, engineers and more..learn more
IT , SaaS companies, media and marketing agencies, developers and more..learn more
Long haul trucking to short haul, delivery companies. couriers and more..learn more
Amazon resellers, to coffee shops, large product wholesalers and more..learn more
Gyms, spas, and medical clinics to nurses, dentists and more..learn more
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