Ontario Commercial Cyber Insurance
Times are rapidly changing and how we communicate and do business has too. This has brought on new risks and liability exposures that seemed unimaginable a few decades ago. Claims and the legal expenses to cover insured losses from, Privacy Breach, Copyright Infringement and Errors and Omissions are on the rise.
Our brokerage represents specialty insurers that provide many of the unique coverages required by those in cyber and computer-type fields including Software Developers, Network Support, IT Consultants, Website Developers, Graphic Designers, Media and Advertising firms.
What is Commercial Cyber Insurance?
Commercial Cyber Insurance is a policy design to protect a business’ liability for a data breaches related to customers’ personal or sensitive business information. Cyber Insurance provides protection and coverage for the security and privacy of digital information and data should your business or organization be a victim of a cyber breach.
Who Needs Commercial Cyber Insurance?
Every business can benefit from commercial cyber insurance. If you sell products through e-commerce or maintain electronic customers’ records, you should carry cyber insurance to protect your organization from risk. A breach of the systems containing this personal and commercial information can be extremely time consuming and costly.
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