Commercial Insurance
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, Yukon
No
- Cyber
- cyber insurance for various types of business
Product Overview
Cyber by ABEX Affiliated Brokers Exchange Inc. offers protection for Canadian businesses facing digital threats. This product is designed for companies of all sizes and industries that use computers or store sensitive data. Coverage includes costs related to data breaches, hacking, ransomware, and other cyber events. Businesses can rely on support for recovery expenses, legal fees, and notification costs if an incident occurs.
This insurance is available across ten provinces, making it accessible for organizations nationwide. This product does not require a broker contract, which helps brokers offer this coverage more easily. The application process is straightforward, with a focus on practical risk controls and business details. Companies benefit from coverage that addresses both direct and indirect losses, such as business interruption and regulatory fines, where insurable by law.
About Cyber by ABEX Affiliated Brokers Exchange Inc.
Cyber by ABEX Affiliated Brokers Exchange Inc. is tailored for the modern risks businesses face today. The product supports a wide range of industries, from small operations to large organizations. Brokers can find all application forms and resources directly on the product page. For more details or to request a quote via the ‘Contact Underwriter for Quote’ section, brokers are encouraged to connect with the underwriter or review the application form provided.
Cyber by ABEX Affiliated Brokers Exchange Inc. FAQs
What digital threats does this Cyber policy help protect against?
Cyber by ABEX Affiliated Brokers Exchange Inc. helps protect against hacking, phishing, ransomware, malware, and unauthorized access to sensitive data. It also covers threats from employee mistakes that lead to data loss or exposure.
What types of businesses can apply for Cyber by ABEX Affiliated Brokers Exchange Inc.?
Any business that uses computers, manages digital records, or stores sensitive information can apply. The policy is available to small, medium, and large organizations across ten provinces in Canada.
Does Cyber by ABEX Affiliated Brokers Exchange Inc. cover losses from business interruption?
Yes, this policy covers business interruption losses caused by a covered cyber event. It helps with lost income and extra expenses needed to restore normal operations after an incident.
What risk controls are recommended for businesses applying for this cyber insurance?
Recommended risk controls include: firewalls and anti-virus software, multi-factor authentication, regular data backups, employee cyber risk training, and an incident response plan.
These measures help lower the risk of cyber incidents and support a smooth application process.
Can businesses in any industry apply for this cyber insurance product?
Yes, Cyber by ABEX Affiliated Brokers Exchange Inc. is suitable for businesses in any industry that rely on digital systems or store sensitive data. This product is part of the broader commercial insurance market, and more information about similar coverage can be found on the Commercial Insurance category page.
What types of incidents are considered cyber events under Cyber by ABEX Affiliated Brokers Exchange Inc.?
Cyber events include unauthorized access, data breaches, ransomware attacks, phishing, and malware infections. The policy also covers incidents caused by employee errors that result in data loss or exposure.
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