Cyber Insurance

You’ve been hearing about the threat of cyber attacks for years. Why consider cyber insurance now? Attacks are happening in Canada with greater frequency and criminals are targeting public entities and other not-for-profit organizations. It’s becoming more and more important to have a plan in place for when a cyber incident occurs. When you partner with Frank Cowan Company, you’ll be receiving best in class cyber insurance coverage backed by a strong insuring partner and hands-on value-added services.

Coverage Highlights

  • Multimedia Liability up to $1,000,000
  • Security and Privacy Liability up to $1,000,000
  • Privacy Notification Cost and Crisis Management Costs up to $1,000,000
  • Emergency Response Costs up to $1,000,000
  • Extortion Demands up to $1,000,000
  • Regulatory Investigations up to $1,000,000
  • Business Interruption up to $1,000,000
  • Loss of Electronic Data up to $1,000,000
  • Loss Adjustment Costs up to $1,000,000
  • Court and Hearing Costs $2,000/day up to $1,000,000

*Packages from $100,000 up to $5,000,000 each Claim and Aggregate Available

Learn More About Our Cyber Insurance Product and Services

Cyber Toolkit – It's all right here

We understand that cyber insurance can be complicated. We're here to help. We've built this Cyber Toolkit as a resource to support Specialty and Public Entity organizations.


Returning to the education calendar in 2019 is the AMO/Frank Cowan Company Municipal Risk Management Symposium. Join our subject matter experts as they lead discussions on Cybersecurity, Cannabis, Smart Cities, and much more. Click here to register.

Cyber Risk Insurance Applications

Cyber Risk Insurance Detailed Application
Cyber Risk Insurance Renewal Applciation

Claims Examples

There are many different ways to experience a data breach or business interruption event. Click here for examples that demonstrate how organizations can be impacted by them and how Frank Cowan Company’s Cyber Insurance policy may respond.

Reporting a Cyber Claim

If you need to report a cyber claim, call 1-844-660-4903 and follow the steps outlined here.

In the News

Frank Cowan Company Releases Enhance Cyber Insurance Product and Service. Read press release here.

Ransomware continues to handcuff the operations of non-profits and public entities – our in-house experts talked to Insurance Business Canada on the importance of cyber insurance.

City of Stratford faced with ‘ransomware situation’

Town of Midland paid 8 bitcoins to cybercriminals to decrypt servers: staff report

OPP warn of recent cyberattacks targeting local governments

Wasaga Beach pays cyber criminals thousands to regain access to town servers: staff report

Templates from Our Centre of Excellence

A Guidance Document for Insurance Requirements in Various Contracts
Shared Data/Network Agreements and Technology Vendor Contract templates.  

Cyber Security Policy and Procedures
This template will assist with creating plociy and procedures to meet the needs an organization.

Note: These documents are available to Centre of Excellence members only. Click here to register.

In-House Expertise

Frank Cowan Company has dedicated cyber specialists who are extremely knowledgeable on cyber exposures and our product.

Did You Know?

Canada had the highest direct cost at $81 per compromised record. Direct costs refer to the expense outlay to accomplish a given activity such as engaging forensic experts, hiring a law firm, or offering victims identity protection services. As per the 2018 Cost of a Data Breach Study published by Ponemon Institute.

You’re in Good Hands

Your cyber insurance policy is written through our partner, AXA XL Syndicate 2003, one of the largest Lloyd’s Syndicates in the world having extensive experience in the cyber insurance industry.

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