Cyber+™

Protecting technology companies against emerging risks

Your company has to be agile to stay ahead of the competition. With this in mind, Cyber+ was developed to provide even greater flexibility in building the right coverage to fit your needs, providing enterprise-wide protection for your commercial activities worldwide.

Liability risks you face include errors and omissions (E&O) liability, network and information security liability (NaISL) and communications and media liability (CaML). You will also face financial risks for your own company (expense reimbursement coverage). Cyber+ is designed to help address the need for protection that goes well beyond a traditional general liability policy to cover these four types of exposures. Learn more.

Four broad coverages

Today’s electronic age has created a fast-paced global marketplace that continually generates complex new risks. Cyber+ consists of four coverages. Choose one or choose them all. Build the policy you need to round out your protection and fill in gaps not covered by your general liability policy.

Errors and Omissions Liability (E&O) 

Errors and omissions liability coverage is enterprise-wide and specifically tailored for today’s high-tech companies. It protects against consequential or compensatory damages that a company must pay because of economic loss resulting from their products or their work and is caused by an error, omission or negligent act. Claims or suits for such damages – typically not covered under a commercial general liability policy – could sink a business. Learn more.

Network and Information Security Liability (NaISL)

Network and information security liability coverage protects against claims resulting from the failure to prevent unauthorized access to or use of electronic data containing private information of others. The coverage also protects against claims resulting from the failure to prevent the transmission of a computer virus and failure to provide access to authorized users of a business's computer or communications network. Learn more.

Communications and Media Liability (CaML)

We offer coverage for communications and media liability exposures. Our coverage protects against infringement of copyright, title, slogan, trademark, trade dress, service mark or service name in covered material. The form also covers unauthorized use of any advertising material, or any slogan or title, of others in the advertising of the business, premises, products, services, work or completed work of others. In addition, plagiarism or unauthorized use of a literary or artistic format, character or performance in covered material is included. Learn more.

Expense Reimbursement Coverage

We offer coverage for security breach notification and remediation expenses, crisis management service expenses, business interruption and additional expenses, extortion expenses, computer program and electronic data restoration expenses, computer fraud, funds transfer fraud and telecommunications theft. Learn more.


Advantages of Cyber+

E&O coverage that applies to all products and work

We provide E&O coverage that applies to all of a business's products and work. We call this coverage enterprise-wide. Other carriers often define covered activities, which means that coverage is limited to a defined list of specified technology-related products and work. Companies frequently change or expand operations. Other carriers require an update each time a company makes a change in order to confirm coverage. Our enterprise-wide coverage is automatic.

We provide true worldwide coverage that includes duty to defend (where permissible by law)

Many carriers that claim to be worldwide will actually only defend suits if they are brought in Canada or United-States courts or they have to endorse their form to provide worldwide coverage. Even if a company is not international now, it might be in the future. Are you prepared to seek out and engage legal counsel in foreign countries and defend that foreign suit on your own? Our duty to defend means we take care of that for you. Our worldwide coverage is automatic.

Flexible supplemental extended reporting period

Our supplemental extended reporting period has flexibility for the period of time during which claims or suits can be first made or brought. Make certain you have the broadest terms available because you never know when you may be faced with a claim.

Clearly defined E&O damages

Our policy clearly defines damages in the errors and omissions coverage form to mean compensatory damages imposed by law and consequential damages for the breach of a contract. Many carriers expressly state they will only pay sums that the insured is legally obligated to pay as damages. Some courts interpret that to include only tort damages, thereby not covering damages that arise out of a breach of contract. Breach of contract is expensive. Make certain coverage includes damages for the breach of a contract.

Coverage overview

 E&O Coverage

  • Enterprise-wide coverage that applies to all products and work, including both hardware and software
  • Worldwide coverage (except where prohibited by law)
  • No exclusion for losses resulting from unauthorized access
  • No delay in delivery exclusion or developmental risk exclusion
  • An expanded list of insureds that includes
    • Others you must insure as required by contract
    • Your unnamed subsidiaries
    • Employees, including permanent and temporary workers
  • Right and duty to defend covered claims and suits
  • Coverage provided on a claims made basis
  • Right and duty to defend suits seeking injunctive relief for covered loss
  • Supplementary payments in addition to the limits of insurance
  • Coverage for both compensatory damages imposed by law and consequential damages for the breach of a contract

Network and Information Security Liability Coverage

  • Enterprise-wide coverage
  • Worldwide coverage (except where prohibited by law)
  • Coverage for failure to prevent unauthorized access to or use of electronic data containing private or confidential information of others
  • Coverage for failure to prevent transmission of a computer virus
  • Coverage provided on a claims-made basis
  • Right and duty to defend covered claims and suits
  • Right and duty to defend suits seeking injunctive relief for covered loss
  • No exclusions for failure of security hardware or software or the insured’s failure to update their security hardware or software
  • No exclusion for electrical or mechanical failures including power interruption, surge, brownout or blackout
  • Supplementary payments in addition to the limits of insurance

Communications and Media Liability Coverage

  • Worldwide coverage (except where prohibited by law)
  • Right and duty to defend covered claims or suits
  • Right and duty to defend suits seeking injunctive relief for covered loss
  • Coverage provided on a claims-made basis
  • Coverage for infringement of copyright, trademark, trade dress, service mark or service name
  • Coverage for infringement of copyright, trademark, trade dress, service mark or service name
  • Coverage for unauthorized use of any advertising material or any slogan or title of others in the advertising of others
  • Supplementary payments in addition to the limits of insurance
  • Coverage for plagiarism or unauthorized use of a literary or artistic format, character or performance

Expense Reimbursement Coverage

  • Security breach notification and remediation expenses
  • Crisis management service expenses
  • Business interruption and additional expenses
  • Extortion expenses
  • Computer program and electronic data restoration expenses
  • Computer fraud
  • Funds transfer fraud
  • Telecommunications theft

Have you assessed your exposure to these emerging risks and the potential impact to your company? To learn more about Cyber+, contact your insurance broker or find a Travelers Canada insurance broker near you.

Travelers Canada eRisk Hub

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