Cyber Insurance

Cyber Liability Insurance Coverage

Cyber threats have become one of the most significant risks facing businesses of all sizes. Whether you are a small business owner or running a large enterprise, the repercussions of a cyberattack—such as data breaches, ransomware, or unauthorized system access—can be catastrophic. Roughley Insurance Brokers provides cyber liability insurance in Canada that not only insures but also helps you predict and prevent cyber incidents.

cyber liability insurance coverage in Canada

Comprehensive Cyber Insurance with Roughley Advisors

Our cyber liability policies include a broad range of protections to ensure complete coverage:

First-Party Coverage

  • Data Restoration Costs: Covering expenses to restore electronic data after a cyber event.
  • Breach Notification & Monitoring: Services to notify affected individuals and provide credit monitoring.
  • Business Interruption Costs: Expenses incurred due to interruptions caused by cyberattacks.

Third-Party Coverage

  • Legal Defense & Liability: Covers the cost of defending against claims related to data breaches or privacy violations.
  • Regulatory Compliance: Assists in managing fines or penalties imposed under privacy laws.

Additional Coverage Options

  • Ransomware & Social Engineering: Coverage for costs related to ransomware payments or financial fraud.
  • Reputation Management: Assistance in managing brand damage following a cyberattack.
  • Employee Cyber Errors: Protects against costs arising from unintentional employee actions leading to a breach.

Get a Quote

We’ll find you the right coverage.

Roughley commercial clients may qualify for special discounts on your home & auto.

Connect in Oshawa

  • 1000 Simcoe Street North Oshawa, Ontario L1G 4W4
  • 905.576.7770
  • insure@roughleyinsurance.com

Contact in Bowmanville

  • 31 King Street West Bowmanville, Ontario L1C 1R2
  • 905.697.4257
  • insurebowmanville@roughleyinsurance.com
Want to know more about us? Just download brochure...

Our History

Harold Roughley founded H.G. Roughley Limited on September 18, 1945, and from the very beginning, the brokerage has established itself as a valuable and valued member of the Durham Region community. Click here to read about our rich history and lasting legacy.

Claims Advocate

Our dedicated Claims Advocate will be with you every step of the claims process, ensuring you receive the support and assistance you need. Click here to read more about how we guide you through every claim.

We Shop Around and Negotiate

We use the most advanced technology available to review every renewal and find the best coverage for you. Click here to view our list of Insurance Partners and see how we secure the best deals for our clients.

Our Team

Every member of our team is a part of the Roughley family. Our team lives where you do – we could be your neighbours! Click here to meet our dedicated team and learn more about their commitment to serving you.

Community Involvement

At Roughley Insurance, we pride ourselves on our community involvement. Giving back to the community that has given us so much is at the forefront of our organization’s values. Click here to read more about our initiatives and how we contribute to local causes.

We’re Local

We aren’t a call centre or a complicated phone tree of customer service. We are real people who can be found in Oshawa and Bowmanville. Our local presence ensures personalized and immediate service to our community members.

Why Partner with Roughley Insurance Brokers?

Tailored Coverage

Our experts help you understand your risks and recommend coverage that best suits your needs.

Access to Leading Providers

We work with top insurers to secure the most competitive rates and comprehensive policies.

Expert Support

Our dedicated team is with you every step of the way—from selecting coverage to supporting you through a claim.

Proactive Risk Management

We focus on helping you predict and prevent cyber incidents, reducing the likelihood of making a claim.

Who Should Consider Cyber Liability Insurance?

Any business that handles sensitive data or uses digital systems is vulnerable to cyber risks. This includes:

  • Retail & E-commerce: High volume of transactions and customer data.
  • Healthcare & Financial Services: Sensitive patient and financial information.
  • Professional Services & Technology Firms: Confidential client data and reliance on IT systems.
  • Manufacturing & Industrial: Use of automated systems and reliance on digital supply chains.
  • Education & Nonprofits: Personal information of students, staff, and donors.
  • Hospitality & Tourism: Guest data, booking systems, and payment processing.
  • Legal Services: Confidential client information and sensitive case details.
  • Construction & Real Estate: Project management systems and client data.
  • Transportation & Logistics: Digital systems for fleet management and supply chain coordination.
Get a Quote Find right coverage today!

The Consequences of Not Being Protected

Without cyber liability insurance, the financial and reputational impact of an attack can be overwhelming:

  • Financial Losses: Costs for system repairs, data recovery, and compensating affected individuals.
  • Legal Liability: Responsibility for failing to protect client or employee data, which can lead to lawsuits.
  • Regulatory Fines: Penalties for breaching data protection laws.
  • Reputation Damage: Loss of customer trust can have long-term consequences for your brand.

Cyber Risks Facing Businesses Today

Small businesses are increasingly at risk—they are targeted 350% more often than large enterprises by cybercriminals. This is because smaller companies often lack sophisticated cybersecurity measures, making them easier targets. In 2021, 21% of Canadian small businesses were victims of a cyber-attack, and alarmingly, 47% of small businesses reported spending nothing on cybersecurity. Despite having some defenses in place, many still find themselves unprepared to negotiate with cybercriminals or address the fallout of an attack.

Cyber Liability Insurance Explained

Cyber liability insurance offers protection against the financial and operational losses that result from cyber incidents, including data breaches, ransomware, and phishing attacks. This coverage helps manage costs related to data recovery, legal fees, regulatory penalties, and reputational damage. At Roughley, we understand that each business is unique, which is why we provide tailored coverage that addresses your specific risks.

Why Cyber Liability Insurance is Crucial for Your Business

Cybercriminals are becoming increasingly sophisticated, targeting businesses with weak cybersecurity protocols. Here’s why cyber liability insurance is essential:

  • Financial Protection: Covers costs from data breaches, ransomware payments, and restoring business operations.
  • Legal & Regulatory Support: Helps cover expenses related to legal defense, liability claims, and regulatory penalties under laws like Ontario’s PIPEDA.
  • Customer Confidence: Demonstrates your commitment to data security, enhancing customer trust and loyalty.
  • Business Continuity: Minimizes downtime and ensures that your business recovers quickly after an attack.
  • Risk Mitigation: Assists in preventing incidents through coverage options that support proactive cybersecurity measures.

Don’t Wait Until It’s Too Late

online attack trying to find business vulnerability

Cyberattacks are a matter of when… not if. Protect your business now—contact Roughley Insurance Brokers today to learn more about cyber liability insurance and get a personalized quote.

Get A Quote Find right coverage today!
cyber security

According to a Canadian Underwriter article written by Willie Wong, Security Leader, IBM Canada, “Data security has always been an issue, but perhaps no more than today. A recent survey of 1,500 Canadians clearly shows, however, that awareness of data security lags concern.”

It seems that we are continuously hearing about large data breaches that happen to celebrities or large organizations such as Target and Home Depot, but we rarely hear about the smaller data breaches that happen on a regular basis.

So what exactly is cyber risk? Cyber risk can be defined as any exposure to financial loss resulting from some sort of implication from data loss through the Internet and computer networks. It can happen to any type of organization.

Although coverage is now widely available, according to Nate Spurrier, Business Development Director at IDT911, featured in Canadian Underwriter, “not all companies are willing to address every type of loss that could be incurred when investigating an event, even when offering some form of remedy to affected parties.” Awareness of the implications resulting from a data breach is simply low.

Are you and your organization protected against cyber risk and a data breach? There are many options available to you. The team at Roughley Insurance Brokers Ltd. can help you understand the type of risks, what you should be prepared for and what every business needs to know. Send us an email at insure@staging.roughleyinsurance.com.

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