Cyber Liability Insurance

The development of Internet, computer networks and their rapid expansion has changed the nature of the way we do business. Whether paying bills or social networking, we interact with technology every day. But this technological path has brought new risks that cyber liability insurance can take care of.

Cyber Liability Insurance coverage protects you from cyber-related dangers associated with loss or corruption of sensitive data as well as computer viruses or a hacker attack. Companies also have a responsibility to protect their customer´s data, with failure to do so potentially leading to legal action, resulting in damages payment and loss of confident.

Ai Cyber Liability Insurance provides first and third party risks associated with e-business, the Internet, network and information assets. First party protection covers your business losses from network interruption to your company´s own computer systems. Third party involves financial risk relating to personal or confidential information contained on your systems.

What are Cyber Liability Insurance coverage?

• Corruption or loss of relevant data through network security breach due to a human error, computer damage or accidental damage. These losses can include computer systems, data held electronically, and information assets like credit card numbers or a customer database.
•  Losses arising from the suspension of your IT network caused by a security failure leading to a computer attack. This would include your business income and additional expenses, along with paying for computer investigations.
• Failure of your network security, or releasing private information as covering the costs of notifying clients or consumers that there has been a data privacy breach, credit file monitoring or other remediation services.

As with every insurance policy there are different options but your Ai Insurance manager can help you to create a tailor-made policy to suit your exact requirements.

To find out more about Cyber Risks Insurance, or to discuss your existing insurance policies, please call at 416 484-4545 or email us at info@aibrokers.ca. Or if you prefer get a quote right now by submitting your online application here.