Cyber 360

For organizations that rely on technology, data security and the internet, cyber threats can emerge in many ways; a cyber attack, theft or loss of data, unauthorised system access, or the adverse consequences that arise from email, website and social media misuse. Markel’s Cyber 360 Canada insurance product is specifically designed coverage to protect both the liability which may arise, and the policyholders own losses including legal, IT security and regulatory costs.

Cyber 360 Canada includes a new, modernized wording, key partnerships with leading cyber service providers, and a 24/7 breach hotline. Our bespoke cyber offering, wording and services provide confidence to our brokers and define what it means to #ExpectMore from your insurance partner. 

Scope of cover

Coverage features

  • First and Third Party coverage with option to cover System Failure, Social Engineering and Contingent Business Interruption
  • Broad appetite and definitions
  • Payment Card Industry Data Security Standard (PCI DSS) cover
  • Global Cyber Presence including Canada, US and UK
  • Bricking included in base wording
  • Coverage for Independent contractors (Past, Present and Future)
  • Pay on behalf of coverage for fines and expenses
  • A cyber breach extends to paper records
  • Emotional Distress extends to a Media Offense
  • Telecommunications Fraud included in base wording

Target classes

  • Insureds’ with revenues ranging anywhere from $1M to $1B
  • Professional services
  • Healthcare
  • Manufacturing/Industrial
  • Agriculture/Construction
  • Financial services
  • Primary and Excess positions