Cyber Liability


Cyber Liability addresses first-party and third-party exposures associated with websites, computer networks, and information assets. Exposures include privacy issues, including breaches of personally identifiable information as well as personal health information, corporate confidential information, virus transmission, data loss,cyber extortion, and security failure, among others.


Traditional insurance policies have significant gaps in coverage for cyber exposures and often have broad coverage exclusions. Therefore cyber liability policies have been developed to fill the gaps in coverage.

DID YOU KNOW?

On June 18, 2015, Canada passed into law Bill S-4 - The Digital Privacy Act. Personal Information Protection and Electronic Documents Act (PIPEDA) will include a mandatory requirement for organizations to give notice to affected individuals and to the Office of the Privacy Commissioner of Canada about data breaches in certain circumstances. These new provisions will be brought into force at a future date after regulations are finalized.


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Cyber policies cover:
  • First Party Exposures:
  • Business Interruption
  • Extortion
  • Information Asset Loss and Restoration Extortion
  • Crisis Management
  • Third Party Exposures:
    • Privacy and Network Security Liability
    • Media Liability


Creating a cyber-resilient organization is now a significant challenge facing the majority of businesses around the globe. It is why our team specializes in technology and cyber insurance, so we can design and place appropriate insurance programs to protect client interests.