A business account is compromised
Scenario: An attacker gains access to a business email account.
What happens next: Contact the approved incident-response channel promptly. Preserve evidence and follow policy notification requirements.
Preview any coverage
Make this coverage review specific to your business
Incident response and liability to others should be compared separately.
Prepare these details
Data types, systems, backups, access controls and service providers.
Ask before accepting a proposal
Which response costs and third-party claims are included, and who must be contacted?
Start my business enquiry →Hypothetical situation
A security incident interrupts access to business systems.
Ask which wording, conditions and notification requirements would apply. A scenario does not establish coverage or guarantee an outcome.
Liability
Cyber Liability (Cyber)
Covers breach response, third-party liability, ransomware, business interruption from a cyber event, and privacy regulatory exposure.
20%
What could a lower premium mean for you?Illustrative example: $2,400 → $1,920 per year is $480 less. Not an available offer. Try your own numbers →
Prepare for digital risks.Discuss systems, data and operations
Response and recovery.Review cyber cover and policy conditions
Live examples
A.M. Fredericks UnderwritingABEX o/b Affiliated Broker Exchange
Allianz Global RisksAmbri AssuranceApril Canada Inc.April MarineArthur J. Gallagher & Co
AVRO Insurance ManagersBeazley Canada LimitedBerkley Insurance CompanyBlueCross BlueShield
Burns & Wilcox CanadaCAA InsuranceCAN - Continental Insurance
Cansure Underwriting LtdCaradoc Townsend MutualChes Special Risk Inc.Chubb InsuranceChutter Underwriting Services
Core Underwriting ServicesDefinityDesjardins Financial Security Investments Inc.
Dominion of Canada/Travelers/Travelers EssentialEagle Underwriting Group Inc.Echelon
Excess Underwriting Corp.Facility Association
Forward InsuranceGlobal Aerospace Underwriting
Great-West LifeGroupAssureGroupOne Insurance
HDI Global Specialty SE
IA Excellence Life Insurance
INGLE International
Intact Public Entities
La CapitaleLiberty International CanadaLynx Insurance UnderwritersMarkel
NorthbridgeOld Republic
Optiom
PAL Insurance Brokers Canada
Premier Canada AssurancePremier MarinePremium Marine
Revolution Advanced Underwriting
SignalSignature Risks
South Western GroupSovereign GeneralSpecial Risk InsuranceSports & Fitness InsuranceSSQ AssuranceStarr Technical RisksStrategic UnderwritingSummit Underwriting Group Inc.The Boiler Inspection and Indemnity Company (BI&I)
The Totten Insurance GroupTrans Canada
TravelersTrinity Underwriting
Unique Risks
Victor Insurance
From Insurance Genie
Recent business insurance purchases
Explore recent policy purchases shared through our participating insurance professionals.
Recent policies will appear here when the Insurance Genie CRM feed is connected.
Who needs it
Anyone holding personal information or dependent on systems to trade. In practice, everyone.
What it does not cover
It does not fix bad controls. Insurers increasingly decline rather than rate for missing multi-factor authentication.
Canadian wording
Where the Canadian form differs.
PIPEDA and provincial privacy statutes drive the Canadian regulatory piece, not US state breach-notification law. Quebec’s Law 25 adds obligations the US framing misses entirely.
Also calledCyber, privacy liability, data breach insurance
At a glance
| Canonical name | Cyber Liability |
|---|---|
| Abbreviation | Cyber |
| How it is bought | Standalone |
| Category | Liability |
| Typical limits | Range only, with the basis stated — Canada publishes no commercial tariff |
Limits are written to the exposure and to what your contracts demand, not to a rule of thumb. Any page quoting a single “standard” limit for a class of business is quoting one broker’s habit.
Related
Coverages people confuse this with.
Know what you need. Now get it priced.
One request, and someone licensed to place this coverage picks it up.
Is this the wording my policy actually uses?
Not necessarily. Canada has no single mandated commercial wording the way the US has ISO. The IBC form is the reference; many Canadian insurers write their own manuscript wordings derived from a mix of IBC and ISO. Where we describe the IBC form we say so, and the only authority on your coverage is your own policy document.
How much does this cost?
We publish ranges with the basis stated, never a single figure. Commercial premiums are driven by class, revenue, payroll, claims history, limits and the market cycle. A page quoting one number for a whole class of business is quoting a habit, not a market.
My contract demands this. How fast can I get it?
For most standard coverages, same day to a few days. Bonds and specialty lines take longer because they are underwritten individually. If you have a deadline, say so at the start of the request rather than at the end.
Does Insurance Genie sell this?
No. InsuranceGenie.ca is not a brokerage or an insurer. We explain the coverage and connect you with an appropriately licensed organization that can quote and place it, and we name them before your details are shared.
Be prepared
Claims scenarios: what happens next?
Hypothetical situations to help you prepare questions—not actual client claims or promises of coverage.
Systems are unavailable
Scenario: A malicious incident interrupts access to business systems.
What happens next: Document the interruption and recovery costs. The insurer checks the trigger, waiting periods and selected cyber benefits.
Customer data may be exposed
Scenario: The business discovers possible unauthorized access to customer information.
What happens next: Seek appropriate incident-response and legal guidance. Notification duties and insurance response require separate assessment.
Actual outcomes depend on the facts and applicable wording. Read claims guidance · Ask about the next step
