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 sectors.
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 (Canada jurisdiction)
- Broad definition of breach
- Cyber hotline 24/7 with designated breach coach
FREQUENT CYBER CLAIMS
The average cyber claim incurs serveral hundred thousand dollars in damages (not considering reputational damages), and often affects small to mid-sized companies being more prone to system vulnerabilities. Past scenarios include:
- Spyware virus
- Data theft and cyber extortion
- Rogue ex-employees
- Stolen laptops
- Dumpster diving (data theft is not limited to a computer breach)
- Website/Server vulnerability
- Involuntary leaked customer details
- Server room unauthorized access
Questions or comments?
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