CyberPro for Companies in Canada 

With so many large cyber attack incidents reported in the news recently, organizations are more aware than ever of the importance of protecting their data and that of their clients. CyberPro is a unique and proprietary insurance product which provides a cutting-edge cyber liability solution and a unique non-tangible risk insurance, covering network business interruption, e-commerce trading exposures, crime and protection from media and intellectual property risks. CyberPro also includes loss control education and training, and full post-breach crisis management assistance.

CyberPro is suitable for nearly all clients in most industry sectors, and can be adapted to specific needs and requirements. Coverage is provided on a modular basis, with independent insuring agreements so that an insured can “pick and choose” their coverage according to requirements.

Coverage Details
  • Policy Form – The insurance is written on a claims-made and reported basis
  • Policy Period – Annual policies
  • Capacity – Limits from $250,000 to $5,000,000
  • Territory – Worldwide
  • Independent Insuring Agreements (modules)
      • Security and Privacy Liability
      • Multimedia and Intellectual Property Liability
      • Network Interruption and Recovery
      • Event Support Expenses
      • Privacy Regulatory Defense and Penalties
      • Network Extortion
      • Electronic Theft, Computer Fraud and Telecommunications Fraud
      • Social Engineering Fraud
      • Reputational Damage

Policy Features
  • Liability coverage extended to cloud providers and external vendors
  • Voluntary notification
  • Reputational harm
  • Crisis management and brand re-establishment
  • Most favorable venue language
  • 70/30 hammer clause
  • Computer crime, electronic theft and telecommunications fraud
  • Forensic costs up to the full policy limit
  • Programming and human error
  • Social engineering coverage
  • Cyber terrorism
  • Full Prior Acts
  • Claims and breach response services are managed by Ascent Underwriting
  • Risk management, education and training through CYBERSCOUT (formerly IDT911), including online courses and a breach response web portal/knowledge centre

Additional Coverages Available
  • Costs to cover Payment Card Industry fines and penalties
  • Business interruption and data restoration coverage extension to external vendors
  • Notification costs outside of policy limits
  • Media coverage extended to physical products

Breach Response Services (Including CYBERSCOUT, Formerly IDT911)

Depending on the nature of the breach, Ascent will work with a broad range of expert firms and individuals to ensure policyholders receive the specific advice they need to take decisive action, mitigate further loss or exposure and protect their customers:

  • Breach response – help insureds react quickly and comprehensively to a data privacy breach
  • Notification expenses – reasonable and necessary legal, postage and related advertising expenses
  • Forensic auditing – (under the Network Interruption and Recovery module) review all details relating to a breach and determine the cause and extent of any theft or unauthorized disclosure of information
  • Support, credit and identity theft services – mitigate the impact of an unintended release of personal information through identity and/or credit management and monitoring services
  • Call handling services – point of contact to obtain information regarding a breach, how it could potentially affect insureds’ customers and other pre-approved related information
  • Event management services – reasonable and necessary fees to hire a public relations consultant, subject to agreement by Ascent
  • Legal services – legal advice and defense counsel as required

Submission Requirements
  • A completed Ascent CyberPro Insurance application form *
  • Attachments as indicated on the application form
  • All applications must be submitted to ENCON through a licensed insurance broker

* Please note that there are separate application forms for quotes on new submissions and for renewals.