- Policy Form – Claims-made and reported
- Policy Period – Annual policies
- Territory – Worldwide
- Independent Insuring Agreements (modules)
- Security and Privacy Breach
- Multimedia and Intellectual Property Liability
- Network Interruption and Recovery
CyberPro is a stand-alone cyber insurance product which 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, tailored to an insured’s needs.
Claims are managed by Ascent Underwriting, an Optio Company, a cover holder for certain Lloyd’s Underwriters A-rated insurers (A.M. Best et S&P).
CyberPro is suitable across a broad range of industry sectors and can be adapted to suit specific needs and requirements. Coverage is provided on a modular basis, with independent insuring agreements, tailored to an insured’s needs.
|POLICY INSURING AGREEMENTS|
|Security and Privacy Liability||Coverage for third party liability claims arising from failure to protect private or confidential information|
|Multimedia and Intellectual Property||Coverage for third party liability claims arising from advertising and intellectual property risks|
|Network Interruption and Recovery||First party coverage for a company’s own losses as a result of a business interruption event and any additional costs of working|
|Property Damage||Coverage for damage to physical property as a result of cyber security event|
|Event Support Expenses||Coverage for costs incurred as a result of an actual or alleged data breach. Includes legal and forensic, notification, call centre services, credit and identity monitoring, and personal fraud loss service costs|
|Privacy Regulatory Defense and Penalties||Coverage for the costs associated with a regulator y investigation against the insured and any penalties incurred|
|Network Extortion||Coverage for the costs of an expert cyber extortion negotiator and the cost of any extortion demanded and paid|
|Computer Fraud and Telecommunications Fraud||Coverage for direct monetary loss arising from electronic theft,
computer fraud or telecommunications fraud
|Social Engineering Fraud||Coverage for direct monetary loss arising from social engineering fraud|
|Reputational Damage Coverage||Coverage for lost net income due to termination of a services contract by your client or reduction in the value of y our business brand|
|Bricking Coverage||Coverage for damage to computer hardware as a result of a security event|