Keeping in Touch December 18

Post by Assurances √Čvolution | In News

EVO Cyber

Available only through Evolution Insurance, EVO Cyber is a product specifically designed to offer a comprehensive first and third-party coverage for personal data liability to SMEs.

  • Coverage available on a standalone or add-on basis
  • Premiums as low as $175. (add-on) or $1,000 (standalone)
  • Limit of Indemnity up to $2,000,000
  • Deductible as low as $1,000
  • Instant quote, minimal information required
  • Only a one-page declaration is needed to bind coverage

Target:

Any small to mid sized companies domiciled in Canada with revenues up to $50M and not operating in the financial, health/pharma, software or governmental sector.

Product Features
Insuring Agreements:

  • Breach of personal data
  • Business Interruption
  • Hacker damage
  • Cyber Extortion
  • Privacy infringement claim
  • Crisis Management Costs

Also included:

  • Automatic Worldwide coverage (Jurisdiction Canada)
  • Broad definition of breach
  • Cyber hotline 24/7 with appointed breach coach

Frequent Cyber Claims:

The average cyber claim incurs several hundred thousand dollars in damages (not considering reputational damages) and often affect small to mid sized enterprises being more prone to systems vulnerability. Past scenarios included:

  • Spyware virus
  • Data theft & cyber extortion
  • Rogue ex-employee
  • Stolen laptops
  • Dumpster diving (data theft is not limited to a computer breach)
  • Website/Server Vulnerability
  • Involuntary leaked customer details
  • Server room unauthorized access

Make Evolution Insurance YOUR INSURANCE SOLUTION.