Cyber Liability
Insurance
A Breakdown of Cyber Liability Insurance for Calgary Businesses
Here’s everything you need to know about cyber liability insurance for your Calgary company.
What is cyber liability insurance?
Cyber liability insurance helps protect businesses if they are the victims of a cyberattack or data breach.
What does a cyber liability insurance policy cover in Calgary?
In Calgary, cyber liability insurance can include coverage for:
- Ransom
- Fines
- Investigation fees
- Legal expenses
- Notification costs
- Reputation management
- Loss of income
- Data or software or network recovery
- Mitigation
Keep in mind that coverage depends on your policy. There are different levels and types of coverage. Talk to one of our experienced cyber liability insurance brokers in Calgary if you’re not sure what protection you need.
Why should I go through Rogers Insurance for my Calgary cyber liability insurance?
Here are a few reasons you should choose Rogers Insurance for your cyber liability insurance in Calgary:
- We’re independent – We work for you, not an insurance company.
- We’re competitive – We’ll find you the best quotes.
- We offer exceptional service – We believe in a human-approach to insurance and pride ourselves on our client care.
- We’re insurance experts – Our cyber liability insurance brokers are the best in Calgary. They’re experienced and continue their professional development so you’re getting the most up-to-date advice.
Plus, we’re local! We began in 1977 in Calgary and have grown to become a leading independent insurance brokerage in Canada.
Frequently Asked Questions
Is a small- or medium-sized businesses really a target for cyberattacks?
Yes, small- and medium-sized businesses are a target for cyberattacks. These companies often have fewer resources, less cybersecurity, and can be used as launch points to attack others.
What’s the difference between a cyberattack and data breach?
A cyberattack is any act that attempts or succeeds in getting unauthorized access to networks, software or data. This access can then be used to disrupt operations or obtain information.
A data breach is an unauthorized access to or loss of personal information.
Do I need to report a data breach or cyberattack?
Yes, you’re legally required to report a data breach or cyberattack if there is a risk of:
- Bodily harm
- Humiliation
- Damage to reputation
- The negative impact to credit rating
- Financial loss
- Identity theft
- Damage to property
- Loss of employment or professional opportunity
If the cyber incident impacts Alberta residents, you should report it to the Office of the Information and Privacy Commissioner of Alberta. If the cybercrime affects residents outside of Alberta, you also need to inform the Office of the Privacy Commissioner of Canada.
Why do I need cyber liability insurance in Calgary?
Without cyber liability insurance, your Calgary business could be on the hook for damages, legal expenses, recovery and more after a cyberattack. Cyber liability insurance helps cover a wide range of costs associated with a cyber incident and can help your business survive and recover.
Who offers cyber liability insurance in Calgary?
There several insurance companies offering cyber liability insurance in Calgary, and the number continues to grow. Rogers Insurance works with nearly 100 insurance companies to ensure you’re getting the best choice of coverage at competitive rates.
How can I protect my business from a cyberattack or data breach?
There are many different things you can do to protect your business from a cyberattack or data breach, including:
- Use two-step authentication
- Strong password practices (longer passwords, using numbers and symbols, regularly updating)
- Install anti-virus and anti-malware software and keep it up to date
- Restrict employee devices (or ensure they’re protected to the same level as company devices)
- Back up data
- Consult with cybersecurity or an IT firm to help improve network security
- Provide cybersecurity training to employees
- Establish an action plan for a cyber incident
- Stage or drill a cyber incident
- Protect your business with cyber liability insurance