In today's digital age, businesses face unprecedented cyber threats that can significantly impact their operations. Understanding the role of cyber insurance is crucial to safeguarding your professional firm against potential cyber risks and liabilities.
Join us for an insightful 6-minute video presentation featuring Michael Dutra, an estate planning and insurance specialist, and Joseph Devaney CPA, CA, a seasoned expert in the field. Together, they will shed light on the importance and intricacies of cyber insurance.
Discussion points include:
Overview: Gain an understanding of cyber insurance and its relevance in protecting professional firms in the digital era.
Types of Risks: Explore the risks associated with cyber threats, such as theft of sensitive data and freezing infrastructure that can halt operations.
Coverage Offered: Discover the extensive coverage provided by cyber insurance, including legal fees, damages, extortion/ransom expenses, costs associated with notifying clients, infrastructure repairs, investigations, regulatory compliance, and much more.
Price Impacting Conditions: Learn about the factors and conditions that can influence the pricing of Cyber insurance policies, enabling you to make informed decisions.
Additional Services: Uncover the additional services included with cyber insurance, such as preventative measures like employee training, which can help fortify your firm's defences against cyber attacks.
By investing just a few minutes of your time, you'll be introduced to an important tool that can help protect your business and clients from cyber threats.
Sources:
Cyber Insurance – Insurance Bureau of Canada
Michael Dutra – Estate Planning & Insurance
Recorded May 2, 2023
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