Cyber Liability
As the pace of change in technology accelerates, so does the level of sophistication among cyber criminals. Data breach from hacking or social engineering can have devastating consequences. Remaining a step ahead is a constant battle, and your organization's reputation – even survival - can be at stake.
Travelers Canada Cyber Liability insurance protects you from economic damages that can result from failure to secure your network and protect data privacy. Our insurance agreements cover direct losses that may result from settlements and damages related to a breach as well as coverage for costly expenses such as legal fees, forensic services, notification and call center costs, credit monitoring costs and the cost to restore your reputation.
Cyber Liability coverage ensures you remain prepared in a world of uncertainty and that your business remains fit for the future.
Who is this right for?
What's covered?
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Third party (liability) and first party coverage – Protecting the insured for its liability to others and reimbursing the insured for expenses incurred
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Worldwide coverage – Applies to claims made or events occurring anywhere in the world
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Ten distinct insuring agreements – With the ability to set limits and retentions for each insuring agreement
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Defence option – Option to select duty to defend or reimbursement coverage at policy inception
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Maximum retention cap – For claims covered under more than one liability insuring agreement or events covered under more than one first-party insuring agreement, the largest applicable retention will be the maximum retention to apply
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Non-cancellable by insurer – Except for non-payment of premium
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Extended reporting period – Applies to crisis event management and security breach expense coverage
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Automatic 90-day extended reporting period – For first-party coverages
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