Coverage Summary
The Cyber Liability Program protects businesses and indivuals for the cost associated with actual or suspected breach of protected personal identifiable information (PII) which is any private, non-public information in the care, custody or control of the business.
Coverage Summary
check Limit of Liability per business options:
check Limit is equal to annual aggregate
check Master policy - admitted - claims made policy form
check $5,000 retention
check Coverage territory is worldwide
check Claim reporting requirement - within 60 days upon becoming aware of a suspected or actual breach
COVERAGE DETAILS
- Defense & settlement or judgment related to a civil proceeding or investigation for an actual or alleged violation of any privacy regulation (PII data) brought on behalf of any federal, provincial, or foreign governmental agency including:
- Regulatory fines & penalties (including PCI) Mandatory forensic examination
- PCI re-certification services to re-certify compliance with PCI Security Standards
- Cyber Extortion including Ransomware - $250,000
- Website Media - $250,000
- Business Interruption - $250,000 - 8 hour waiting period applies Data Recovery Expense (policy limit)
- Crisis Management and Fraud Response Expense - 24/7 breach response team:
- Preparing notification to breach parties
- Call center
- Design and implementation of website for advising breach parties
- Credit monitoring
- Public relations
- Associated legal expenses
Sub-limits
- Telecommunications Theft - $100,000 sub-limit
- Social Engineering Fraud - $100,000 sub-limit
- E - Theft - $100,000 sub-limit
Program Eligibility
- Business must be domiciled in Canada
- Excluded classes include; (a) Banks, (b) Credit Unions, (c) Payment Processors, (d) Gambling Organizations, (e) Online Adult Industry, (f) Social Media/Networking Firms, (g) Cloud Providers (h) network providers (I) Managed Security Providers (j) Managed Service Providers (k) Federal and State government agencies (l) Municipalities (m) Franchise (n) Cryptocurrency (o) Marijuana/Cannabis
- Is your business aware of or have any knowledge of a potential cyber claim?
- Annual revenue of the businesses cannot exceed $25,000,000
For additional information, please contact 1-800-557-3347
This is a brief coverage summary, not a legal contract. The actual policy wordings should be reviewed for specific terms, conditions, limitations, and exclusions that will govern in the event of loss.
Policy wordings: $1mm limit