Ottawa, ON (June 16, 2017) – ENCON Group Inc., a leading managing general agent in Canada, announced today the introduction of a stand-alone Cyber Insurance policy – CyberPro. The policy provides coverage for network business interruption, e-commerce trading exposures, crime and intellectual property risks.
“The cyber insurance market is maturing rapidly in Canada and organizations are more aware than ever of the serious impact a data breach can have on their business,” said Kevin Auger, Vice President, Special Risk – Technology, ENCON. “CyberPro offers a cutting edge solution that includes risk management services, a broad range of coverage options for clients of all sizes, and a robust approach to cyber breach response.”
CyberPro is offered in association with Ascent Underwriting, a specialist Managing General Agent underwriting on behalf of several Lloyd’s Syndicates. ENCON will offer the CyberPro Insurance policy to current and new insureds on a stand-alone basis or in conjunction with its professional liability and specialty insurance products.
Coverage is provided on a modular basis. Companies can tailor their coverage based on their requirements by selecting from the following independent insuring agreements:
- Security and privacy liability
- Multimedia and intellectual property liability
- Network interruption and recovery
- Crisis management expenses
- Privacy regulatory defense and penalties
- Network extortion
- Electronic theft, computer fraud and telecommunications fraud
- Social engineering fraud – arising from phishing or other electronic scams
- Reputational damage
- Breach response services
All policies are distributed by ENCON. Claims management, including full post breach response services, is provided by Ascent Underwriting and CyberScout (formerly IDT911). Coverage is available with limits from $250,000 up to $5,000,000. The CyberPro insurance policy also includes access to valuable learning tools through its pre and post breach risk management services.
CyberPro is offered through ENCON’s national network of independent insurance brokers.
About ENCON Group Inc.
As a leading managing general agent in Canada, ENCON Group Inc. offers professional liability, construction, environmental, and property and casualty insurance, as well as group and retiree benefits programs for individuals, professionals, organizations and businesses, which are available through a national network of licensed insurance brokers and plan advisors. Learn more at www.encon.ca.
SOURCE: ENCON Group Inc.