In an increasingly connected world, cyberattacks, data breaches, and privacy violations can affect anyone — whether you’re a business owner, a professional, or an individual managing sensitive information.
Cyber Security & Privacy Liability Insurance helps protect against the financial, legal, and reputational consequences of these events, giving you the support you need to respond quickly and confidently.
Protect your career from the unexpected costs of cyber incidents and privacy breaches.
Recommended for both professionals and business owners, this insurance helps anyone handling sensitive data protect themselves against cyberattacks, data breaches, and privacy violations.
Even the most careful professionals and business owners can fall victim to cyber incidents, whether it’s a hacked database, accidental exposure of client information, or a ransomware attack.
The financial and reputational impact can be significant, and without coverage, you could be left paying steep legal fees, regulatory fines, or compensation to affected clients.
Provides a Breach Response Team and covers expenses for consultants, IT specialists, and crisis teams to quickly contain a data breach.
Pays for lawyers, forensic investigations, and PR efforts after a cyber incident.
Covers costs to notify affected individuals and provide credit monitoring following a breach.
Reimburses lost income if your operations are halted due to a cyberattack.
Protects against ransom payments demanded by hackers threatening to release or destroy data.
Pays for restoring or replacing corrupted or destroyed electronic data.
Covers claims from third parties for privacy breaches, network failures, or data loss.
Helps cover fines, penalties, and legal defense costs imposed by regulators.
Covers costs related to fraudulent charges, fines, and card replacement after a breach.
Protects against lawsuits arising from online content, copyright infringement, or defamation.
Covers financial losses from unauthorized access or fraudulent use of company phone systems.
Reimburses rewards paid to law enforcement for information leading to the arrest of cybercriminals.
Pays to repair or replace damaged or destroyed computer hardware after a cyber event.
A Vancouver-based business discovered that hackers had accessed their payment system, exposing customers’ credit card information and payment histories.
The business owner immediately notified their cyber insurer, who covered the costs of notifying affected customers, hiring a forensic IT team to secure the system, and implementing stronger cybersecurity measures.
Several customers claimed financial losses and demanded compensation for the breach. The cyber policy also covered legal defense, regulatory fines, and public relations support to manage the company’s reputation. In total, the coverage helped the small business manage $120,000 in expenses that would have otherwise come directly out of pocket.
Find answers to common questions and get the information you need quickly.
Please note that answers may vary depending on your program or policy and are provided for general informational purposes only; they do not constitute legal, professional, or insurance advice.
Our Cyber Security & Privacy Liability policy protects you and your business from problems that happen directly to you. For example, it can help if your computer system is hacked, important data is lost, or you can’t operate normally because of a cyber incident.
This type of policy does not cover claims made by customers or other people affected by your business — it only helps your business recover from its own losses.
Insurers often require policyholders maintain certain security measures, like firewalls, multi-factor authentication, and/or employee training.
The insurer needs to be notified of any claim as soon as possible after you are made aware of it. Prompt claims reporting is critical to the process of bringing claims to a successful resolution. Members aware of any actual or potential claim must report it immediately.
Please refrain from making any written or oral statements to the claimant unless the insurer or adjuster advises to do so. Please do not offer to compensate a client as such action could interfere legally with the management of a claim.
You can find claim reporting details on your certificate of insurance or policy documents.
