Build a robust cyber security strategy that protects your clients, your people, and your business.
Build a robust cyber security strategy that protects your clients, your people, and your business.
Build a robust cyber security strategy that protects your clients, your people, and your business.
Cyber loss prevention begins with education. Identify cyber perils, attack scenarios, and potential losses based on your unique operations and risks.
Prevention is the first line of defence. Determine the scope of your responsibilities, prepare a tailored incident response plan, educate your employees, and fortify your cyber risk culture.
Add extra layers of protection with Cyber Insurance. Learn about specialized solutions available to minimize the financial, legal, and reputational impact of a cyber attack or privacy breach.
Think of Cyber Insurance as an investment in your business health.
A strong policy will ensure that a breach doesn’t jeopardize your company, your standing, or your financial well-being.
Cyber Insurance covers a variety of expenses following a cyber attack, privacy breach, or other security-related incident, like if company’s information is stolen by a hacker or accidentally released by an employee. Most policies contain two types of coverage to manage breach fallout:
If your business suffers a breach, your general liability policies won’t protect you—they’re not specifically designed to address data security. A dedicated policy can help you respond quickly and effectively, offset financial losses, and regain clients’ trust.
In addition to legal defence, you’ll have access to a variety of coaching and remediation services to help your business prepare and ensure that you’re in the best position possible to deal with a breach when it happens.
Cyber Insurance covers a variety of expenses following a cyber attack, privacy breach, or other security-related incident, including legal fees, damages, recovery costs, and more.
First-Party Cyber Liability coverage pays for any costs incurred by your organization to restore your own systems and data.
Third-Party Cyber Liability coverage pays damages and defence costs if you’re sued by a third-party, like a candidate or a client, who was affected by a breach on your network.
Features
Response Expenses
Covers your legal expenses to set up breach notifications to affected individuals and organizations.
Digital Asset & System Restoration Expenses
Covers the cost of data recovery for any digital assets that have been corrupted by a virus or hacking.
Crisis Management Expenses
Covers the cost of hiring a marketing and PR firm to help manage negative publicity or reputational damage in the wake of a breach.
Business Income Loss
Coverage for lost revenue or other monetary losses caused by an interruption in services, such as network downtime, information corrupted or deleted in an attack, and data loss recovery.
Network Extortion Threat Expenses
Coverage for expenses incurred by network extortion threats.
Social Engineering Fraud
Coverage for losses arising from social engineering fraud, in which individuals are manipulated by threat actors into revealing confidential data.
Network Security & Privacy Liability
Covers legal defence and any applicable damages if your organization is found liable for inadvertently introducing a virus into a third-party’s system.
Internet Media Liability
Covers expenses for any liability arising from information posted electronically (i.e. libel or slander against a supplier or a product).
Regulatory Proceedings
Covers expenses related to regulatory proceedings or investigations due to a privacy or network security breach.
*Note: Coverage will not apply to fines levied against the organization by a regulatory body.
First-Party
Coverage
Third-Party
Coverage
If your business suffers a breach, your general liability policies may not protect you—they’re not specifically designed to address data security. A dedicated cyber policy can respond quickly and effectively to offset your financial losses, protect your digital assets, and help you regain your clients’ trust.
In addition to legal defence, you’ll have access to a variety of coaching and remediation services to help your business mitigate exposures and ensure that you’re in the best position possible to deal with a breach when it happens.
Features
Breach Response
Covers your legal expenses to set up breach notifications to all affected individuals and organizations.
Digital Asset & System Restoration
Covers data recovery costs for any digital assets that have been corrupted by a virus or hacking.
Crisis Management
Covers the cost of hiring a marketing and PR firm to help manage any negative publicity or reputational damage following a breach.
Business Income Loss
Coverage for lost revenue or other financial losses caused by an interruption in services, such as network downtime, information corrupted or deleted in an attack, and data loss recovery.
Network Extortion Threat
Coverage for expenses incurred by network extortion threats.
Social Engineering Fraud
Coverage for losses arising from social engineering fraud, in which individuals are manipulated by threat actors into revealing confidential data (i.e. network credentials, financial information, intellectual property, etc.)
Network Security & Privacy Liability
Covers legal defence and any applicable damages if your organization is found liable for inadvertently introducing a virus into a third-party’s computer system.
Internet Media Liability
Covers expenses for any liability arising from information posted electronically (i.e. libel/slander against a supplier or a product).
Regulatory Proceedings
Covers expenses related to regulatory proceedings or investigations due to a privacy or network security breach.
Note: This coverage will not apply to fines levied against an organization by a regulatory body.
First-Party
Coverage
Third-Party
Coverage
Disclaimer: The table above contains a summary of common coverages in a Cyber Insurance policy. This list is not exhaustive, nor will it apply to all policies, individuals, or circumstances. The specific terms of your policy will always apply.
In the event of a breach, it’s not just lost data you have to worry about. There’s a whole host of direct, indirect, and hidden expenses organizations should be aware of, including: detection, notification, lost business, and more.
Detection and Escalation
Activities required to identify the breach, including forensic investigation, assessment and auditing, crisis management, and more.
Notification
Activities related to informing breach victims, regulatory bodies, and other affected parties, as well as communications with regulators to determine when, how, and which requirements will apply.
Post Breach Response
Redress and support services to breach victims and regulators, such as: help desk and inbound communication, credit monitoring, identity protection services, issuing new credit cards, legal expenses, regulatory fines, and more.
Lost Business
Lost opportunities or revenue from customer turnover, diminished goodwill or reputation, business disruption, and system downtime are the long-term impacts of a breach that can make recovery significantly more challenging.
In an increasingly digital world, cyber threats are constantly evolving. Business owners must be vigilant. PROLINK can help you plan, protect, and become resilient to attack. We’ll also share what steps others in your industry are taking and advise you based on your unique operations.
To speak to a professional who can guide you to the right coverage from the right insurer at the right price call us at:
or send us an email below:
To speak to a professional who can guide you to the right coverage from the right insurer at the right price call us at:
or send us an email below: