Cyber Insurance
As organizations continue to rely heavily on technology, there are always new cyber threats emerging. Make sure your client has the right coverage to protect their business, employees and customers, with tailored Cyber Insurance from Risk-Can.

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Cyber risk is an exposure that no modern business can escape, and the financial impact of system interruption, privacy and cyber crime events are now felt within all industries. Risk-Can’s stand-alone cyber policy is designed for Canadian small to medium enterprises (SME) and offers comprehensive coverage for cyber attacks and liability for privacy legislation breaches anywhere in the world.

Our insurance product includes free-of-charge access to a security management tool with commercial grade antivirus, firewall and cloud backup that is easy to deploy, monitor and maintain. We have also partnered with the worlds largest independent provider of claims management solutions to offer customers 24/7 incident response services.

Risk Appetite

Canadian domiciled businesses
Broad industry segments with annual revenues up to $60M
Limits up to $2,000,000; higher limits can be considered
Revenue generated from the US up to 25%
Maximum 100,000 records of personal data on individuals

Coverage Highlights

Data Breach & Privacy Liability covers a loss as a result of a data liability event, media liability event, and network security event
Business Interruption Coverage includes protection against a loss caused by ransomware attack, operator error (accidentally deleting data), and costs incurred to minimize a cyber-extortion threat
Remediation Costs includes the cost to restore data that was accidentally deleted, corrupted, destroyed or encrypted, and remediation expenses
Payment Card Industry (PCI) Fines and Assessment Costs covers any fines and penalties imposed by any bank or the PCI following the loss of credit card data