With Optional 1st Party & 3rd Party Coverages
So much business is now conducted over the Internet, so the need for cyber insurance and data compromise insurance has never been greater.
Cyber insurance (CyberOne) – This coverage is designed to provide insurance protection against a cyber attack.
Data Compromise insurance – This insurance offers protection in the event of a data breach, data compromise, or identity theft.
Huronia Insurance Group now offers both insurance coverages to clients throughout southern Ontario through the Coachman Insurance Company.
For More Information Call Huronia Insurance
Toll Free at 1-866-955-8386
Growing Security Risks & Costs
Online security risk is a growing issue. In 2017, over 54% of businesses reported some level of compromised data.
The latest cyber attack trends are becoming even more unsettling:
- Fileless Cyber Attacks are on the rise (these are attacks that don’t rely on malicious .exe files)
- Antivirus programs are designed to analyze malicious malware and are not as effective against Fileless Attacks
- Online Security Firms are scrambling to develop effective next-generation antivirus products to combat Fileless Malware
- As a result, costs continue to rise significantly for effective Online Security Solutions
The cyber insurance and data compromise insurance coverages offered by Coachman are designed to supplement each other. Together they will provide your business with a comprehensive insurance solution that will address the insurance needs of your business when in comes to cyber security.
Cyber Insurance for Information at Risk
Businesses today rely on their computer systems to collect and electronically store all types of sensitive information about their own business and about their clients.
Most cyber attack crimes want to do more than just damage or destroy data and IT systems. They also want to access, steal, view, and potentially illegally distribute the sensitive information. The type of sensitive information they are after may include:
- Financial information
- Confidential business information
- Personally identifiable information (identity theft)
The Canadian Federal Digital Privacy Act (PIPEDA) was recently changed. As of November 1-2018, under this new identity theft law, all Canadian businesses must report a data breach if it involves the loss of personal identifiable information.
See also, this Government of Canada page on Cyber Security.
Types of Insurance Coverages
Let our Huronia business insurance brokers show you how cyber insurance and data compromise insurance can provide adequate insurance coverage in the unfortunate event of a cyber attack or data breach.
The following is an overview of the types of coverages available:
CyberOne Cyber insurance
This insurance offers:
- Computer Attack Insurance Coverage
- Network Security Liability Insurance Coverage
Data Compromise insurance
This insurance offers:
- Response Expenses Insurance Coverage
- Defence & Liability Insurance Coverage
About Huronia Insurance
For nearly two decades Huronia Insurance Group has been helping Ontario businesses with their business insurance needs. We are proud to be able to offer our clients the latest coverages for cyber insurance and data compromise insurance through our Ontario insurance company.
For more information about how you can get adequate insurance coverage in Ontario for data breaches, data compromise, and cyber attacks, please contact us. You can reach our business insurance brokers toll free at 1-866-955-8386 or send us an email.
You can also reach us through our online contact form.
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