Princeton, ON (Sept. 25, 2013) – Frank Cowan Company, a leader in providing specialized insurance programs, has launched a new Cyber Risk Insurance product.
“Data is one of your organization’s most important assets, but is not usually covered under standard insurance policies. Frank Cowan Company’s Cyber Risk Insurance can address the specific technology, cyber-related and data risks for a variety of specialized sectors including Canadian municipalities,” states Larry Ryan, President, Frank Cowan Company.
Organizations rely on technology and the safe processing and storage of data to conduct business on a daily basis.
“Ensuring the security of data information is becoming an increasingly difficult task, especially considering changing regulations. A data breach can have significant consequences not only to an organization’s bottom line, but also their reputation. Cyber coverage shouldn’t be considered optional coverage,” said Stephen Imrie, VP, Underwriting, Frank Cowan Company.
It’s not just big businesses that are targeted by cyber attacks. “Hackers are smart; they understand that small to medium sized organizations often don’t invest in cyber protection. We’re looking to change that,” adds Michael Lough, VP, Programs, Frank Cowan Company.
Frank Cowan Company’s Cyber Risk Insurance has broad coverage terms including:
- Media Content Services Liability
- Privacy Notification Costs
- Crisis Management Expense
- Privacy Liability
- Network Security Liability
- Regulatory Proceedings
- Business Interruption
- Extortion Threat
Highlights also include an early claim resolution incentive and specialized claims handling.
About Frank Cowan Company
Frank Cowan Company is a Canadian leader in providing specialized insurance programs, including risk management and claims services for municipalities and public service, healthcare, education, community, children’s and social service organizations across Canada. Proven industry knowledge, gained through over 85 years of partnering with insurance companies and independent brokers, gives Frank Cowan Company the ability to effectively manage the necessary risk, advisory and claims services for both standard and complex issues. Frank Cowan Company’s head office is located in Princeton, Ontario with a branch office in Cambridge, Ontario. Clients and broker partners receive support out of both locations. For additional information about Frank Cowan Company, visit www.frankcowan.com.
SOURCE: Frank Cowan Company