Business Cyber Crime Insurance

Small-medium enterprise are the largest targets of cyber attacks.  47% of Canadian small business allocate no resources to cyber security.  A well-crafted cyber crime policy is just a part of any over strategy we can help you implement.    

Business Cyber Crime Insurance

85.7% of Canadian companies experienced at least 1 cyber attack in 2021.

61.2% of Canadian businesses reported a ransomware attack in 2021.

The average cost of a ransomware attack in Canada is $1,920,000—including the ransom demand, downtime, specialists services, loss of business and reputation and equipment repair/replacement.

Now, we have your attention, let us provide you with the solutions.  We know that many root causes of cyber crime can be addressed without buying insurance.  It can be addressed by updating hardware and software, properly training staff, and implementing a sound regular IT maintenance program.  Once we have you sorted with this then we look at the insurance to fill any remaining gaps and to backstop the inevitable.

Our development team has a number of tools that you can implement.

Find a Registered Insurance broker

It all begins with our Cyber Risk Exposure Scorecard assessment.

A well crafted cyber crime insurance policy includes:

  • Breach investigation cover
  • Consumer notification
  • Credit monitoring
  • Regulatory reporting
  • Contractual liability
  • Other Key Coverage considerations  


Cyber Insurance however is only a piece of the puzzle.  

Our team has developed a collection of propriety tools and training guides that our clients can use to:

  • Ass your likelihood of a cyber attack
  • Identify your weaknesses and pain points  
  • How to alleviate loss due to cyber crime
  • Train your employees how to prevent cyber attacks and how to effectively respond should one happen
  • How to best protect the personal and financial information of your employees and customers
  • Tips for effective cyber hygiene    


Standard Coverage

Data breach liability

Legal expense

Network and information liability

Hardware/software replacement/repair


Enhanced Coverage

Crisis Management

Reputational Repair

Business Interruption/Income replacement

Digital Asset restoration

Funds Transfer Fraud and social engineering

Service fraud—Crypto jacking


Bodily Injury/Property Damage 1st and/or 3rd party

Network & information security liability

Regulatory defence and Penalties


Funds Transfer liability

PCI fines & assessments

Multimedia Liability

Cyber insurance coverage is a specialty coverage.  Not all insurers that offer it are the same as other insurers.  You must read the fine print, or willing to rely on a Broker/Advisor that understands the differences, nuances and the true exposures of your business.  Cyber insurance cannot wisely be purchased based on price.  Coverage varies greatly and can be the difference between your business surviving a cyber attack or closing as a result of it.

We understand it.  Partner with us we can provide flexible and affordable solutions.

Why Partner with Reith & Associates

Discover the reith advantageTM

Every Question Is Answered—Ask 24*7 Support

If your question is not listed here, we are happy to answer over a phone call. Give us a call at (519) 631-3862, Monday–Friday, 8:30 am – 4:30 pm or by appointment after the office hours time.

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