A privacy breach can include the loss, theft or unauthorized access to or use of personal customer or employee information. With our cyber coverage, we help you get back to business in the event you are targeted, with coverage for remediation expenses, business interruption loss and certain legal expenses.
Complete Coverage Before, During and After A Breach
In recent years, cyber attacks have emerged as one of the most significant threats facing organizations of all sizes. The Internet and other network operations have created risks that were unheard of less than a decade ago. When cyber attacks (such as data breaches and hacks) occur, they can result in devastating damage, such as business disruptions, revenue loss, legal fees, and forensic analysis and customer or employee notifications.
No organization, regardless of size, is immune to the impact of cyber crime. As a result, cyber insurance has become an essential component of any risk management program. We have designed a proprietary Cyber Liability Solution that addresses all exposures, protects employees and evolves with the organization.
By assessing the cyber exposures that businesses are faced with in today’s environment, our cyber experts not only bring comprehensive cyber solutions to clients, but have a specialized cyber claims response team, which is a critical piece for our clients’ piece of mind.
Cyber insurance goes beyond your general liability or business operator policies to cover the expense of hiring experts to defend you and get you up and running again — not to mention lost income due to service outages.
A Calgary liquor store paid a ransom to regain access to its computers after hackers infected its database with ransomware. The store ended up paying $500 in bitcoins (approx. $400,000) to ensure they did not lose their data.
A Canadian consulting firm lost $20,000 in funds after an employee transferred over money to the “CEO”, a classic phishing scam.
An unencrypted laptop of an IT vendor was stolen. It contained private healthcare information of 620,000 patients. This resulted in a class action suit which was one of the largest healthcare cyber claims in Canada.
Ranked in the top 5% of independent insurance brokers in Canada and a founding member of the Canadian Broker Network (canadianbrokernetwork.com), Dan Lawrie Insurance Brokers Knowledge Based Industries Team (KBIT) is a specialized group of experts who bring innovative Cyber Solutions to any size of business.
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