Cyber Insurance – CyberPro

Product
Banner Image 1
Banner Image 2
/content/dam/victor/page-banner-2/pbanner2-cyber-3.jpg
/content/dam/victor/page-banner-2/pbanner2-cyber-4.jpg

CyberPro is a unique and proprietary insurance product which provides cutting-edge cyber liability and other non-tangible risk insurance. Coverage under CyberPro also includes loss control education and training, and full post-breach crisis management assistance.

Eligibility

CyberPro is suitable for nearly all clients in most industry sectors in Canada, 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 – Claims-made and reported
  • 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

  • Social engineering coverage
  • Cyberterrorism
  • Liability coverage extended to cloud providers and external vendors
  • Voluntary notification
  • Reputational harm
  • Crisis management and brand re-establishment
  • Computer crime, electronic theft and telecommunications fraud
  • Forensic costs up to the full policy limit
  • Programming and human error
  • Claims and breach response services are managed by Ascent Underwriting

Additional Coverages Available

  • Costs to cover Payment Card Industry fines and penalties
  • Business interruption and data restoration coverage extension to external vendors

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