Red Deer Cyber Liability Insurance

Protect your business in Red Deer with cyber liability insurance

In 2017, 21% of Canadian businesses reported being affected by a cyberattack – a number that is growing with each year. A cyberattack can have disastrous consequences, including expenses relating to:

• Ransom fees
• Data and program recovery
• Notification of the breach or attack
• Reputation management
• Lawsuits
• Improved cybersecurity
• Business interruption

If your business collects or uses electronic data in Red Deer, cyber liability insurance can help protect you if you experience a data breach or cyberattack.

Work with Acera Insurance for Red Deer cyber liability insurance

With over 60 years of experience and a human-first approach to insurance, Acera Insurance is the best choice for your cyber liability insurance in Red Deer. Here are a few reasons why:

• Independence – We’re employee-owned and work for you, not an insurance company.
• Competition – We work with over 90 insurance companies so that we can get you the best prices and coverage.
• Customization – Because we work with so many insurance providers, we can find coverage that works for your needs and budget.
• Experience – Our cyber liability insurance brokers are experienced and continually undergo professional development to ensure they’ve got the most up-to-date knowledge.
• Service – We believe in a human-first approach to insurance and we stand behind our exceptional customer service.

Get a cyber liability insurance quote for your Red Deer business today with Acera Insurance!

What does a Red Deer cyber liability insurance policy cover?

Cyber liability insurance helps protect Red Deer businesses if they experience a data breach or cyberattack. There are different types of policies available, but a comprehensive cyber liability insurance policy in Red Deer includes coverage for:

Some policies will also help your Red Deer business protect against cyberattacks or better equip your company to deal with one.

What types of cyberattacks are covered under cyber liability insurance?

Red Deer’s businesses are exposed to many different types of cyberattacks and cyber liability insurance usually covers:

• Brute force – When someone tries to guess the password to access data or a device.
• Denial of service – When users cannot access their computer or software or network thanks to a cyberattack.
• Phishing – When an attacker tricks someone into giving away information, clicking a link, or opening an attachment. This is usually through email.
• Malware – When a malicious software is installed on a device. This software is then used to get information like logins and collect data.
• Man-in-the-middle – When an attacker impacts communication between two parties, like two employees or a client and employee.
• Ransomware – When employees are unable to get into a program or computer unless the cyber attacker is paid a fee.
• Spoofing – When a cyber attacker uses impersonation to attack or steal.

Who needs cyber liability insurance in Red Deer?

If your business collects or uses electronic data or uses electronics to carry out business operations, you need cyber liability insurance in Red Deer. Since most of our records are electronic and many business operations are carried out on a computer, it’s very likely that you’d benefit from this coverage.

How to get a cyber liability insurance quote in Red Deer

There are a few ways you can request a cyber liability insurance quotes in Red Deer:

• Online
• By email
• By phone
• Visit a brokerage

Stop by our Red Deer office to get a cyber liability insurance quote or simply give us a call. You can also email us or request a Red Deer cyber liability insurance quote online.

The cost of cyber liability insurance in Red Deer

The cost of good cyber liability insurance in Red Deer starts around $1000 and goes up, depending on your risk factors and insurance options.

Factors that affect the cost of cyber liability insurance in Red Deer

There are many factors that will affect the cost of your cyber liability insurance in Red Deer, including:

• Industry
• Size of business/number of clients
• Revenue
• Type/amount of records
• Insurance options (deductible, coverage, policy limits)

How to get the best price for cyber liability insurance in Red Deer

Here are a few tips on how to get the best price for your business’ cyber liability insurance:

• Get a few quotes to compare prices and coverage
• Don’t over insure
• Choose a higher deductible
• Invest in mitigation measures for cyberattacks and data breaches
• Establish a cyberattack and data breach action plan
• Review your coverage at least once a year

Frequently Asked Questions About Cyber Liability Insurance in Red Deer