Cyber Insurance BC
Cyber Risk loss exposures are an evolving area of concern for business owners from a business risk management perspective. Organizations face new risks arising from network security issues, privacy breaches and E-commerce. Basically internet risks are increasing at a rapid rate. These risks are dynamic and can affect a wide variety of businesses and industries.
In addition, in the globally based world-wide web, national boundaries do not necessarily exist, giving rise to concern that cyber liability risks extend beyond our borders. Even though a company is a local BC based organization, they could still face potential threats from overseas.
With the rising frequency of high-profile data breaches highlighting the growing risk of Cyber related exposures, there is a growing need for insurance products to properly protect against losses stemming from cyber-attacks and internet related risks. Traditional insurance policies do not typically cover these Cyber Risk exposures or do so in a very limited way. Cyber Risk insurance however provides protection against these complex and evolving risks.
Cyber Insurance in BC provides protection for losses caused by:
- Network Security and Privacy Liability
- Cyber Extortion
- Business Interruption
- Network Hacking
- Web Content
- Regulatory Expenses
- Medial Liability
- Intellectual Property Infringement
Risk Management for Cyber Insurance
Many business owners are not aware of the cyber risks that their business faces; therefore, they are not certain on the type of protection they need. Westland Insurance works with business owners to provide professional insurance advice and can assist with Risk Management for Cyber Insurance. Westland can customize a commercial insurance package that includes cyber insurance coverage specific to the unique needs of the business. Contact our business insurance specialists for expert advice on cyber insurance.
To request a quote for BC Cyber Insurance or to add Cyber Insurance coverage to your existing policy with Westland Insurance call 1-800-899-3093. Request a BC Cyber Insurance quote online!