Cyber attacks can cost your business more than just money! They can damage your reputation, shut down operations, and expose your customers. At Petley-Hare, we help Ontario businesses stay protected with cyber insurance that covers ransomware, data breaches, and digital liability.

Who Needs Cyber Insurance in Ontario?

Cyber criminals target businesses of all sizes , especially those with less IT support. If you store customer info, take payments, or run your business online, cyber insurance helps cover you in case of attacks, fraud, or system shutdowns.

Coverage Highlights

  1. Data Breach Coverage

    When sensitive data is compromised, cyber insurance coverage helps manage the aftermath. This includes forensic investigation, breach notification, privacy liability, and credit monitoring for affected individuals. The policy also covers costs related to regulators and rebuilding trust with your clients.

  2. Ransomware Protection

    Ransomware attacks can hold your digital world hostage. A cyber policy can help cover the ransom payment and the costs of recovering your critical data and systems, ensuring you regain control swiftly.

  3. Cyber Liability

    Cyber liability coverage is essential for businesses that store or manage personal information. If a third party sues due to a privacy breach, your policy covers legal fees, settlements, and insurance claims, helping ensure your financial stability.

  4. Business Interruption

    When a cyber event disrupts your business operations, it can lead to substantial financial losses. Cyber Insurance compensates for lost income and additional expenses incurred, helping your business get back on track with minimal disruption.

  5. Cyber Extortion

    Cyber extortion insurance provides a safeguard against threats from hackers who try to hold your data or systems hostage. It helps fund forensic investigation, ransom negotiations, and recovery, so you don’t have to face these threats alone. Coverage also includes dark web monitoring and mitigation support.

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Manage Risk with Cyber Support

Some of the most significant cyber breaches in history have been carried out by exploiting vulnerabilities that were known for years. In today's constantly changing digital landscape, staying informed about the latest cyber threats and regularly updating your cybersecurity measures is crucial.

By understanding the importance of cybersecurity best practices and the role of Cyber Insurance in your defence, you can take a proactive step towards safeguarding your digital world.

Cyber Insurance isn't exclusive to big corporations; cybercriminals increasingly target small and medium-sized businesses because they may have weaker security measures. With Cyber Insurance, even smaller entities can strengthen their digital defences, ensuring their operations remain secure in an interconnected world.

Why Choose Us?

  • Independent Agency: Serving Ontario businesses and individuals with access to top-rated cyber insurance providers for the best value and protection.
  • Comprehensive Coverage: From data breaches to cyber extortion insurance and business interruption, our policies offer broad protection against today’s digital threats.
  • Customer-Centric Approach: We know how devastating a privacy breach or cyberattack can be. That’s why we provide personal support, fast incident response, and guidance every step of the way.

Meet Your Local Cyber Experts

Petley-Hare has been helping Ontario businesses stay protected for decades. Our brokers work with trusted insurers to guide you through your cyber risks, coverage options, and what to do if something goes wrong.

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Cyber Insurance FAQs

We're here to provide the answers you need about cyber insurance. If you can't find what you're looking for, our experienced brokers are ready to help.

What Does Cyber Liability Insurance Cover?

Cyber liability insurance typically covers expenses related to data breaches, including legal fees, notification costs, credit monitoring, and public relations efforts to restore a company’s reputation.

Is Cyber Insurance Necessary for Individuals, or is It Primarily for Businesses?

Cyber Insurance is beneficial for both individuals and businesses in Ontario. With the increasing frequency of cyberattacks, anyone with an online presence can benefit from its protection.

How Can I Assess and Manage the Cyber Risks My Business Faces?

Assessing and managing cyber risks involves identifying vulnerabilities, implementing cybersecurity best practices, and developing a risk management strategy. Professional advice and evaluation can be valuable in this regard.

What Are Some Effective Cybersecurity Best Practices to Complement Cyber Insurance?

Effective cybersecurity measures include regular software updates, employee training, strong password policies, data backups, and robust firewall protection.

How Can I Get Started With Cyber Insurance?

Initiating your journey with cyber insurance is simple. Contact our dedicated team, who’ll guide you to select the right cyber insurance policy for your specific digital defence requirements.

What is Cyber Insurance?

Cyber insurance is a policy designed to help businesses mitigate risk exposure by covering costs associated with cyber incidents, such as data breaches, cyberattacks, and other digital threats.

Why is cyber insurance important for businesses?

Cyber insurance is crucial for businesses as it provides financial protection against cyber threats, helping to manage the costs of data breaches and cyber attacks, and ensuring business continuity.

Cyber Insurance Insights