With cyber crime becoming increasingly sophisticated and far-reaching, businesses are in a vulnerable spot.
Our experts strive to protect the bottom line of organizations that come under attack - preventing exorbitant expenses arising from containment efforts or lawsuits coming from third parties after a breach.
Cyber Liability Insurance covers costs associated with cybercrime involving your technology systems and customer data.
Cyber attacks are a major issue in Canada. Canadian businesses and organizations have experienced an increase in cyber security incidents, ranging from data breaches to ransomware attacks. These types of cyber threats can cause significant financial losses, reputational damage, and disruption to operations. 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.
We help Canadian Business Owners craft the perfect insurance policy for their business.
Here are a few of the industries we serve.
Don't see yours? We serve all kinds of Canadian businesses. Chat with us.
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
Ecommerce, to coffee shops, large product wholesalers and more..learn more
Gyms, spas, and medical clinics to nurses, dentists and more..learn more
Cyber Insurance can be complicated. We're here to help.