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Cybersecurity Insurance

Protect Your Business Against Cyber Risks

Every business should have commercial insurance that includes coverage for cyber risks. Cyberattacks are on the rise, and no company is immune. With ClicAssure, you can protect your Canada-based business against digital threats such as hacking, ransomware, or data theft by comparing up to 3 cybersecurity insurance quotes, free of charge and with no obligation.

Fill out our quick online form in just a few minutes to receive personalized offers from our trusted insurance partners. Whether you're a retailer, self-employed professional, service company, or any other business in Canada, you’ll find cybersecurity coverage tailored to your needs, while saving time and money.

Cybersecurity Insurance

Get quotes for your cybersecurity insurance

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Cybersecurity Insurance FAQ

What is cybersecurity insurance for businesses?

Cybersecurity insurance is designed to protect businesses from the financial and operational consequences of IT-related incidents such as cyberattacks, data breaches, or hacking. It covers not only direct losses, but also crisis management costs, legal fees, system restoration, and potential damage to your company’s reputation. As cybercriminals increasingly target SMEs, this type of coverage has become essential.

What types of incidents are covered by cybersecurity insurance?

Coverage may vary by insurer, but most policies include protection against:

  • Ransomware attacks
  • Hacking of sensitive or confidential data
  • Theft or exposure of personal information (clients, employees)
  • Phishing and identity theft
  • Denial of Service (DDoS) attacks
  • Damage to IT systems or infrastructure
  • Loss of income due to business interruption

Some policies also cover investigation costs, client notifications, and credit monitoring services for affected individuals.

My business uses cloud services or external IT providers. Am I still responsible?

Yes. Even if you outsource your data management or technology infrastructure, your company may still be legally responsible. In the event of a security breach or data theft, you could be held liable for damages caused to your clients or business partners. Cybersecurity insurance protects you against these risks.

Do small businesses and self-employed professionals need cybersecurity insurance?

Absolutely. Small businesses are often the most vulnerable because they have fewer resources to dedicate to IT security. They are prime targets for hackers who know they may be underprotected. Whether you’re an independent consultant, freelancer, or run an online shop, a cyberattack can cause serious damage — loss of income, legal exposure, and a breakdown in client trust.

How much does cybersecurity insurance cost in Canada?

Pricing varies depending on several factors, such as:

  • The size of your business (number of employees, revenue)
  • Your industry (some are more exposed than others)
  • The nature and volume of data you manage
  • Your existing cybersecurity measures
  • Your history of cyber incidents

The best way to know your actual cost for a cybersecurity insurance protection is to request a quote through ClicAssure. 

What cybersecurity measures should I have in place to qualify for coverage?

Insurers typically assess your company's cybersecurity preparedness before offering coverage. Key requirements may include:

  • Up-to-date firewalls and antivirus software
  • Regular data backups
  • Employee cybersecurity awareness training
  • Documented incident response procedures
  • Encryption of sensitive data

If these measures aren’t in place, insurers may refuse to provide coverage or offer it at a higher premium. 

Does standard commercial insurance cover cyber risks?

Not necessarily. Most standard commercial insurance policies cover physical property (buildings, equipment) and general liability, but exclude losses caused by cyberattacks or data breaches. Cybersecurity insurance is a vital complementary protection to consider as part of your overall risk management strategy.

What are the advantages of using ClicAssure to get cybersecurity insurance?

ClicAssure allows you to:

  • Save time by receiving multiple quotes with a single request
  • Quickly compare the protections available
  • Speak with licensed brokers and representatives in Canada
  • Get matched with cyber insurance specialists in your province
  • Access a wide network of insurers specialized in commercial insurance
  • Benefit from a free, no-obligation service