Cyber Insurance Ontario

One Hack Could End Your Business

At this very moment, your business is 9x more likely to be hacked than have a fire – yet the majority of business owners don’t have coverage even though the cost is minimal.

70% of hacks are targeted at small and medium sized businesses.

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At this very moment, your business is 9x more likely to be hacked than have a fire – yet the majority of business owners don’t have coverage even though the cost is minimal.

Get a Quote

On average
47% of small
businesses
targeted lost…

On average 63% of
medium and 70% of
large businesses
targeted lost…

We Take Cyber Insurance to the Next Level

Predict Threats

Our insurer provides online training for employees.

Prevent Attacks

You have access to a Virtual IT team to boost and manage security.

Respond & Recover

You have 24/7 access ransom experts and recovery support.

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80%

of Cyber Attacks
start in emails,
but it doesn’t
end there…

With more employees working from home, your business defense system is weakened. Stolen laptops pose additional threats, as do rouge employees, professional hackers, spyware virus and data theft extortion.

1. You can be held liable for 3rd party data theft.

2. Data is one of your greatest assets, but it’s not covered by standard insurance.

3. Online systems are critical for the day-to-day operation of your business.

4. Cyber-crime is the fastest growing criminal activity in the world.

We Offer 4 Levels of Cyber-Attack Protection for Business

Cyberboxx™ Insurance + Training

Cyberboxx™ 1-Star Membership and up

Protect your business with comprehensive liability coverage and a 24/7 breach response team. Also increase employee awareness and support regulatory compliance with the BOXX Academy™ training program.

Cyber Score & Cyber Alerts
(via BOXX Mobile™)

Cyberboxx™ 2-Star Membership and up

Further reduce your risk of being hacked with your own Cyber Risk Score. You’ll receive alerts to your BOXX Mobile™ app when your score changes, with the actionable insights you need to keep safe.

Hackbusters™ Managed Security Service

Cyberboxx™ 3-Star Membership and up

Boost your I.T. team’s security without having to add expensive hires or costly technology. Count on our team of cybersecurity experts to provide 24/7 monitoring and protection of your network.

Managed Back-Up and Recovery Service

Cyberboxx™ 4-Star Membership

Ensure your data is kept safe by having it backed up, replicated, and fully managed through our seamless backup and recovery solution. All data is stored securely on premise and in the cloud.

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Frequently Asked Questions

Does all Cyber Insurance cover hacker ransom or extortion?

The short answer is not always – it’s something your broker should clearly outline and discuss with you. It provides coverage for extortion related expenses such as hiring a consultant or negotiator and repair costs if the recovered data is locked or damaged.
Does my E&O Policy cover me for Cyber?

Absolutely not – but it’s the #1 reason business owners think they don’t need Cyber Insurance.
What 3 common ways can my business get hacked?

Malware is malicious software that hackers use to bug, steal and control your data and systems through link clicks and attachment downloads.

Phishing involves the use of fraudulent emails to steal information or encourage malware downloads.

DDoS (Distributed Denial of Service) involves bombarding a business’s server with multiple simultaneous requests to stop it from fulfilling legitimate requests.
Why does my businesses need cyber insurance?

When criminals infiltrate a network, steal data, or hold data hostage, the business they steal from can be legally and financially liable. As a small YOU ARE RESONSIBLE, one data breach can end up cost you thousands of dollars in customer notification expenses, legal fees, fines or settlements.
What does cyber Insurance cover?

First Party Coverage helps cover expenses when your network is hacked or your data is stolen, and can include coverage for:

Cyber extortion payments;

Hiring experts to investigate breaches and assist with regulatory compliance;

Notifying affected customers;

Customer credit and fraud monitoring services;

Crisis management and public relations; and

Business interruption expenses, such as the cost of hiring additional staff, renting equipment, or purchasing third-party services.

Third-party cyber insurance offers protection when a client sues your company for failing to prevent a breach at the client’s business, and can include:

Legal defense costs;

Out of court settlements with clients;

Judgments you are obligated to pay after a data breach; and

Other court costs.