CYBER INSURANCE – CORNERSTONE

Cyber Insurance in Alberta

As technology advances, so do the risks associated with it. Cybersecurity incidents can have devastating consequences for a Canadian business, including financial loss and reputational damage. Whether your business is in Edmonton, Calgary or elsewhere in Alberta, it is essential to have a robust cybersecurity strategy, including obtaining cyber insurance coverage.

What is Cyber Insurance?

Cyber insurance is a specialized insurance policy that protects businesses against financial loss and liability from cybersecurity incidents. Policies typically cover data breaches, ransomware attacks, cyber extortion, business interruption, and third-party liabilities resulting from cyber incidents.

What are the Benefits of Cyber Insurance?

The main benefit of cyber insurance is that it provides financial protection against costly cyber incidents. Data breaches can be expensive, with an average cost of over $6 million in Canada. Cyber insurance can help cover costs related to forensics investigations, notification to affected customers, legal expenses, and credit monitoring services for affected customers. It can also cover lost income resulting from a cyber incident, which can be significant for businesses that rely on digital systems. A cyber insurance policy also offers the advantage of gaining access to cybersecurity expertise and resources to assist your business in avoiding or reducing the impact of a cyber event.

The Advantage of Working with Cornerstone Insurance Brokers

At Cornerstone Insurance, we truly believe in making a difference for Alberta business owners. Our licensed insurance brokers will work on your behalf to find the right policy that fits your business’s needs and budget. Whether your business operates in Edmonton, Sherwood Park, St. Albert, or elsewhere in Alberta, we urge you to contact us to learn more about Cyber Insurance and how it can protect your business.

Our Insurers

At Cornerstone, we are committed to providing the best insurance options in Alberta for our clients and communities. Learn more about the partners and insurance companies we work with.