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What's New?

Creechurch International Introduces CyberPlus Privacy and Network Security Protection Insurance

 

 

Recently, the federal government introduced Bill C-12 that contains amendments to the Personal Information Protection and Electronic Documents Act (PIPEDA) and will require organizations that have suffered a privacy breach to notify affected individuals.  Further, the Privacy Commissioner of Canada has publicly called for substantial fines against companies who fail to effectively protect Canadians' personal information. Many organizations that face such threats have been unable to secure adequate and affordable insurance that protects them against these evolving exposures. Today Creechurch International Underwriters Ltd. introduces the CyberPlus Privacy and Network Security Policy to protect against just these threats. Coverage includes:

  • Information Security and Privacy Liability
  • Privacy Notification Costs including crisis management services and credit monitoring
  • Regulatory Defence and Penalties
  • Website Media Content Liability including libel & slander, copyright infringement, plagiarism, and invasion of privacy
  • Cyber Extortion Loss Coverage
  • Data Protection Loss Coverage
  • First Party Network Business Interruption
  • Crisis Management Expenses

Recent high profile network breaches underscore an alarming trend of ever more frequent data breaches.  With expensive notification costs and regulatory fines not to mention the potential for significant damage awards, companies will face serious financial consequences when they're already reeling from a network breach. Our new CyberPlus insurance policy offers peace of mind to all types of companies, both large and small, who have been unable to secure this crucial protection at a reasonable price.This product is a must for any business that possesses personal or sensitive corporate information or one whose business depends on a secure website or network. Target markets include retailers, financial institutions, and healthcare providers.

Feel free to contact our Underwriters for more information on this product or any of our other Creechurch products.