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Cyber Liability Insurance

One breach can put your company’s sensitive data at risk. One policy from Palladium can shield you from that risk.

Apply to get a quote

Cyber Pro Coverage Details

Cyber Liability
Insurance Program

With increasing amounts of corporate data being stored digitally, breaches are becoming a greater risk to your assets and to your reputation. Your company’s financial data and your clients’ private information need the same thorough protection. Palladium’s flexible coverage will be crafted to suit your business’ needs today. It will also protect you against tomorrow’s technological exposures. Our plans are so flexible, small businesses can benefit from the same protection as larger ones.

Our people have been in the business for a long time. We know what it takes to tailor the right program to cover technological exposures.

The average cost of a data breach for small and medium businesses is now $158,000 – Kaspersky

Assesment Tool Incident Response Form

Catch a glimpse of the various cyberthreats that can occur during a day in the life of a business owner;


What to look for in the Insurance Policy

  • Privacy Breach Notification Services
  • Legal Defense
  • PCI Fines & Judgements
  • Public Relations
  • Crisis Management
  • Business Interruption
  • Data Restoration
  • Cyber Extortion
  • Forensic Computer Services

Survival Kit


  • Know your data, systems and network
  • Focus your cybersecurity efforts
    • Highlight Fundamental Security Controls
  • Validate your backup strategy
  • Plan for incident response
    • Plan for the unexpected – data breach / cyber incident


  • Strengthen access controls
  • Patch known vulnerabilities
  • Educate your employees
    • Recognize Common Cyber Threats
  • Adopt security-conscious policies and procedures


  • Detect incidents early
  • Execute your response plan
    • Notify Insurance – breach coach, forensics experts – legal counsel – crisis management consultant – law enforcement
  • Get help when needed
  • Document your response effort
    • Mandatory Breach Notification


  • Remediate, restore and replace
  • Continue monitoring
  • Communicate effectively
  • Implement lessons learned

Capital One Security Breach

The Breach Last week, Canadians witnessed one of the largest security breaches in history. The Capital One data…

Application Form

Use this form to contact us and discuss your need for Cyber/Privacy Breach insurance

Complete this application and submit to us
to request a quote for Cyber/Privacy Breach insurance.


CyberPro Network Application

Please answer all the questions on this form. Before any question is answered please carefully read the declaration at the end of the application form, which you are required to sign. Underwriters will rely on the statements that you make on this form. In this context, ANY INSURANCE COVERAGE THAT MAY BE ISSUED BASED UPON THIS FORM WILL BE VOID IF THE FORM CONTAINS FALSEHOODS, MISREPRESENTATIONS, OR OMISSIONS. PLEASE TAKE CARE IN FILLING OUT THIS FORM.

You may provide any further additional information by means of a separate attachment if necessary.

General Information

d. Annual gross revenue / turnover

f. Identify the type of PII retained on your network

Network Information

Historical Information

During the last three years have you:

Data Protection

By accepting this insurance you consent to Ascent Underwriting using the information we may hold about you for the purpose of providing insurance and handling claims, if any, and to process sensitive personal data about you where this is necessary (for example health information or criminal convictions). This may mean we have to give some details to third parties involved in providing insurance cover. These may include insurance carriers, third party claims adjusters, fraud detection and prevention services, reinsurance companies and insurance regulatory authorities.

Where such sensitive personal information relates to anyone other than you, you must obtain the explicit consent of the person to whom the information relates both to the disclosure of such information to us and its use by us as set out above. The information provided will be treated in confidence and in compliance with relevant Data Protection legislation. You have the right to apply for a copy of your information (for which we may charge a small fee) and to have any inaccuracies corrected.

IMPORTANT – CyberPro Policy Statement of Fact

By accepting this insurance you confirm that the facts contained in the proposal form are true. These statements, and all information you or anyone on your behalf provided before we agree to insure you, are incorporated into and form the basis of your policy. If anything in these statements is not correct, we will be entitled to treat this insurance as if it had never existed. You should keep this Statement of Fact and a copy of the completed proposal form for your records.

This application must be signed by the applicant. Signing this form does not bind the company to complete the insurance. With reference to risks being applied for in the United States, please note that in certain states, any person who knowingly and with intent to defraud any insurance company or other person submits an application for insurance containing any false information, or conceals the purpose of misleading information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime.

The undersigned is an authorized principal, partner, director, risk manager, or employee of the applicant and certifies that reasonable inquiry has been made to obtain the answers herein which are true, correct and complete to the best of his/her knowledge and belief. Such reasonable inquiry includes all necessary inquiries to fellow principals, partners, directors, risk managers, or employees to enable you to answer the questions accurately.

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