Cyber Risk

Cyber Liability Insurance Solutions – Ontario

Cyber risk insurance

BECOME CYBER RESILIENT

Cyber crime breaches are on the rise each year. Over $1 billion in annual transactions is exchanged on the dark web with pre-established market pricing for different categories of stolen records. As statistics have shown, being breached once increases your chance of being breached a second time.

To initiate a strong coverage strategy that works in your favour, it’s crucial to recognize from the get-go all the unforeseen threats that could potentially leave you blindsided. At BFL CANADA, our vantage point allows you to avoid those unpleasant surprises.

SEE THE BLIND SIDES OF YOUR RISKS FROM EVERY ANGLE

CYBEREXTORTION
EMAIL AND INTERNET FRAUD
IDENTITY FRAUD
SALE OF STOLEN CORPORATE DATA
CORPORATE DATA THEFT
FINANCIAL PAYMENT DATA THEFT

LET'S BUILD A CUSTOM INSURANCE SOLUTION

At BFL CANADA, we partner with an array of highly skilled cyber risk professionals who can offer risk assessments and recommendations on how to mitigate your cyber exposure. Our team of cyber specialists offer a range of solutions to help lower your vulnerability and financial consequences from a cyber event.

PRE-BREACH MITIGATION SERVICES
PRE-BREACH MITIGATION SERVICES
  • Privacy Compliance Notification Acts applicable to Canada;
  • A template Breach Incident response plan;
  • E-learning programs for employee awareness training:
    • Access to risk engineers specializing in cyber risk.

 

BROAD INSURANCE COVERAGE (3rd PARTY COVERAGES)
BROAD INSURANCE COVERAGE (3rd PARTY COVERAGES)
  • Privacy and security liability;
  • Media liability;
  • Regulatory proceedings;
  • Payment card industry (PCI) demand.

 

BROAD INSURANCE COVERAGE (1st PARTY COVERAGES)
BROAD INSURANCE COVERAGE (1st PARTY COVERAGES)
  • Breach cost;
  • Business income loss;
  • System failure business income loss;
  • System failure dependent business income loss;
  • Reputational harm from adverse media;
  • Digital asset replacement expense;
  • Cyber extortion;
  • Reward payments.
SOCIAL ENGINEERING THEFT
SOCIAL ENGINEERING THEFT
  • Funds Transfer held in Trust and Personal Funds;
  • Impersonation Fraud;
  • Phishing.
CLAIM AVOIDANCE COSTS
CLAIM AVOIDANCE COSTS

Fees, expenses and costs incurred to avoid a claim or to mitigate anticipated loss.

CRISIS MANAGEMENT SERVICES
CRISIS MANAGEMENT SERVICES
  • Forensic investigation;
  • Data restoration;
  • Legal representation (breach coach);
  • Credit monitoring;
  • 3rd party notification and call centre;
  • Public relations.

YOUR TEAM OF LOCAL ADVISORS

THE BFL CANADA ADVANTAGE

BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.

Learn why

Make a difference today, start planning for tomorrow.

Book your preliminary risk assessment with a BFL CANADA advisor.
CALL YOUR LOCAL BFL CANADA OFFICE
WRITE TO YOUR LOCAL BFL CANADA OFFICE