Do you have Cyber Liability Insurance?

​​If you sell products through e-commerce or maintain electronic customers’ records, a breach of the systems containing this personal/commercial information can be costly.

​Liability is an organizational risk for businesses of any size. A non-profit that uses online tools to support fundraising activities can be vulnerable to hackers. A corporate website that does not meet best practices for information security could compromise client information and expose a corporation to liability. ​

Simply publishing content online can open the door to a multitude of potential exposures such as:

Electronic security breaches involving the personal/commercial information of clients, employees, volunteers, members, suppliers and/or stakeholders
The theft of mobile devices, laptops, USB flash drives and cellphones containing organizational, client, employee, volunteer or member, data.


Cyber Liability Insurance​

Speciality insurance coverage for cyber liability risks is relatively new to the marketplace. The possibility of cyber liability lawsuits is a reality that every business owner should consider. There have been several very high-profile personal information breaches that affected tens of millions of records and will cost the companies involved millions of dollars.

If you rely on an online presence and use e-commerce as a method of distribution or have employees who carry electronics that hold customers’ personal/commercial information, your insurance representative can help you find coverage that will protect your organization.



​8 Questions to Consider When Buying Cyber Liability Insurance

  • How many records containing personal information does your organization retain or have access to?
  • How many records containing sensitive commercial information does your organization retain or have access to?
  • What security controls can you put into place that will reduce the premium?
  • Do all portable media and computing devices need to be encrypted?
  • What about unencrypted media in the care, custody or control of your third-party service providers?
  • Could you make a claim if you were not able to detect an intrusion until several months or years had elapsed?


Source: Insurance Bureau of Canada http://www.ibc.ca/on/business/risk-management/cyber-liability


  1. I have not checked in here for some time because I thought it was getting boring, but the last few posts are good quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂

  2. I really like your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to construct my own blog and would like to know where u got this from. thank you

  3. Many thanks for this marvelous posting! I seriously liked learning about.I will be sure to save this page and will return very soon. I would love to encourage you to ultimately continue your good posts, maybe comment on Arvind Pandit Kansas also, have a superb afternoon!

  4. I came right here via another web address related to wireless intercom phone and considered I should read this. I adore the things I see thus now I”m following you. Looking towards going over the website again.

  5. whoah this blog is fantastic i love reading your posts. Stay up the good work! You know, a lot of persons are looking around for this information, you could aid them greatly.

  6. Thanks for this fantastic write-up! I seriously appreciated reading it.I’ll be sure to bookmark your page and will often come back very soon. I would love to suggest you to keep on with your great work, perhaps think about more twitter followers also, have a good afternoon!

  7. Our LGV (Large Goods Vehicle) HGV training is based in East London, and our LGV/ HGV courses are taught by qualified DVSA LGV & HGV trainers. LGV was formerly known as HGV, where it used to be referred to as HGV Class 2 (now called LGV Category C) and HGV class 1 (Now called LGV Category C+E).

  8. Thanks for writing this, I bookmarked the web page. I am additionally interested in information about free movie streaming, have you any idea the place where I might come across something like this? I will come back very soon!

  9. I was talking to a good friend of my own about this and regarding personal injury solicitors too. I believe you made a number of great points in this article, we’re also looking forward to keep reading information from you.

  10. Admiring the time and energy you invested in the blog and in-depth facts you display. It is amazing to find a site every now and then which is just not the same outdated rehashed information. Fantastic read! I have bookmarked your webpage and I am including your RSS feeds to my pokemon go guide website.

  11. Admiring the time and effort you put into the blog and in depth material you provide. It really is wonderful to discover a site every now and then which is not the similar obsolete rehashed information. Great read! We have saved your blog and I’m adding your RSS feeds to my own ethereum price web page.

  12. I am truly loving the design of your information site. Do you ever run into any kind of internet browser compatibility issues? A number of the site visitors have lamented about my how to watch free movies online website not working effectively in Explorer but appears amazing in Safari. Have you got any recommendations to aid correct this situation?

  13. Good crew it’s cool 🙂 when does lexapro patent expire No one knows yet whether the teenage victims lived through the initial impact at the San Francisco airport. But police and fire officials confirmed Friday that Ye Meng Yuan was hit by a fire truck racing to extinguish the blazing Boeing 777.

  14. I’d like to speak to someone about a mortgage urispas price
    Other heart-warming happenings at this year’s contest were the rod-and-reel sets donated by the local Hazelton fishing family to every kid in the tournament. The gifts were in honor of the late Jerry Hazelton, the longtime fishing buddy of legendary local angler Roy (Duke of Fluke) Kneisel, whose nickname inspired the tournament.

  15. Hi and thanks for this wonderful article! I quite liked finding out about it.I will be sure to take note of your site and will often return from now on. I want to encourage that you keep on with the excellent job, maybe talk about forwarding agent as well, have a wonderful evening!

  16. I’m seriously loving the design of your website. Do you ever come across any kind of browser compatibility issues? Quite a few of the blog audience have lamented about my mesothelioma law firms blog not working appropriately in Explorer though seems amazing in Firefox. Do you have any ideas to help correct this issue?

  17. I am curious to learn just what site platform you are using? I’m experiencing some small protection difficulties with our latest blog regarding latest movies online so I’d like to find one thing more safe. Have you got any recommendations?

  18. Excellent read, I just passed this onto a colleague who was doing some research on that. And he actually bought me lunch since I found it for him smile Therefore let me rephrase that: Thanks for lunch!

  19. Hello could you let me know which blog platform you are working with? I am planning to get started on my own site on dentist office very soon but I’m having a tough time making a decision.

Leave a Reply