Markets/Coverages: HSB Canada Launches Cyber Insurance Coverage for Businesses

HSB Canada, a specialty insurer and part of Munich Re, introduced HSB CyberPro™, a new solution that provides comprehensive insurance coverage and services for businesses.

HSB CyberPro combines specialized cyber claims service, active threat monitoring, and risk mitigation tools developed by HSB over nearly two decades in the cyber insurance sector.

This coverage is available Canada-wide through brokers, targeting Canadian businesses with revenues of up to $2 billion.

“The launch of HSB CyberPro with our strategic distribution partners will meet the needs of their customers with broad coverage that is uniquely customizable,” said Stephanie Banning, head of cyber practice for HSB. “The coverage gives businesses the confidence to respond to an unexpected cyber attack.”

Agile, Adaptable Coverage

Designed for industries such as retail, hospitality, transportation, wholesale trade, construction, and non-profit organizations, HSB CyberPro is agile and adaptable, enabling customers to navigate a rapidly changing landscape of regulatory, legal, and technological cyber risks.

HSB CyberPro offers a variety of first- and third-party coverages, including protection against cybercrime, business interruptions, system failures, data restoration, event response costs, legal counsel, computer forensics, data recovery, crisis management, and other related risks.

The coverage also includes a Cyber Safety risk management platform, featuring active monitoring for system and website vulnerabilities, access to cybersecurity and legal experts, ransomware prevention services, security policies, and online assessment and training tools.

In addition to writing cyber in the primary market since 2016, HSB has been the partner behind successful cyber insurance products for nearly 20 years.

To learn more about HSB CyberPro, visit hsb.ca.

Topics Cyber New Markets Canada