{"id":8821,"date":"2015-10-30T11:16:00","date_gmt":"2015-10-30T11:16:00","guid":{"rendered":"https:\/\/301webdemo.com\/oegema\/?p=8821"},"modified":"2026-02-06T05:12:03","modified_gmt":"2026-02-06T05:12:03","slug":"cyber-security-insurance-ottawa","status":"publish","type":"post","link":"https:\/\/www.ona.ca\/blog\/cyber-security-insurance-ottawa\/","title":{"rendered":"Cyber Security Insurance: What It Is, And Why You Need It"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8821\" class=\"elementor elementor-8821\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f79c98a e-flex e-con-boxed e-con e-parent\" data-id=\"f79c98a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ea953e8 elementor-widget elementor-widget-text-editor\" data-id=\"ea953e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We\u2019ve previously covered the topic of Cyber Security and the\u00a0Steps You Can Take to Safeguard Your Business From Cyber Threats, and as part of National Cyber Security Awareness Month, we\u2019re continuing the trend with describing what\u00a0<a href=\"https:\/\/www.ona.ca\/cyber-security-insurance\/\" target=\"_blank\" rel=\"noopener\">Cyber Security Insurance<\/a>\u00a0is, and the importance of having the proper coverage.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d333d7b elementor-widget elementor-widget-image\" data-id=\"d333d7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"626\" height=\"417\" src=\"https:\/\/www.ona.ca\/wp-content\/uploads\/2025\/06\/Inner-image-28.webp\" class=\"attachment-large size-large wp-image-8830\" alt=\"Cyber Security Insurance - Oegema, Nicholson &amp; Associates\" srcset=\"https:\/\/www.ona.ca\/wp-content\/uploads\/2025\/06\/Inner-image-28.webp 626w, https:\/\/www.ona.ca\/wp-content\/uploads\/2025\/06\/Inner-image-28-300x200.webp 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bda7f5a elementor-widget elementor-widget-text-editor\" data-id=\"bda7f5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>What Is Cyber Security Insurance?<\/h2><p>Insurance protection that covers the digital field can go by many names including:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d85693 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"2d85693\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"27\" height=\"26\" viewBox=\"0 0 27 26\" fill=\"none\"><path d=\"M25.025 14.4289C24.064 19.2336 20.4413 23.7577 15.3579 24.7687C12.8786 25.2624 10.3068 24.9614 8.00858 23.9084C5.71037 22.8554 3.80294 21.1043 2.5579 18.9042C1.31285 16.7041 0.79365 14.1673 1.07423 11.655C1.35481 9.14267 2.42086 6.78291 4.12059 4.91171C7.6069 1.07178 13.4936 0.0147454 18.2984 1.93663\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path d=\"M8.68945 12.5069L13.4942 17.3116L25.0255 4.81934\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Cyber Endorsement;<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"27\" height=\"26\" viewBox=\"0 0 27 26\" fill=\"none\"><path d=\"M25.025 14.4289C24.064 19.2336 20.4413 23.7577 15.3579 24.7687C12.8786 25.2624 10.3068 24.9614 8.00858 23.9084C5.71037 22.8554 3.80294 21.1043 2.5579 18.9042C1.31285 16.7041 0.79365 14.1673 1.07423 11.655C1.35481 9.14267 2.42086 6.78291 4.12059 4.91171C7.6069 1.07178 13.4936 0.0147454 18.2984 1.93663\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path d=\"M8.68945 12.5069L13.4942 17.3116L25.0255 4.81934\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Cyber Insurance;<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"27\" height=\"26\" viewBox=\"0 0 27 26\" fill=\"none\"><path d=\"M25.025 14.4289C24.064 19.2336 20.4413 23.7577 15.3579 24.7687C12.8786 25.2624 10.3068 24.9614 8.00858 23.9084C5.71037 22.8554 3.80294 21.1043 2.5579 18.9042C1.31285 16.7041 0.79365 14.1673 1.07423 11.655C1.35481 9.14267 2.42086 6.78291 4.12059 4.91171C7.6069 1.07178 13.4936 0.0147454 18.2984 1.93663\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path d=\"M8.68945 12.5069L13.4942 17.3116L25.0255 4.81934\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Cyber Liability;<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"27\" height=\"26\" viewBox=\"0 0 27 26\" fill=\"none\"><path d=\"M25.025 14.4289C24.064 19.2336 20.4413 23.7577 15.3579 24.7687C12.8786 25.2624 10.3068 24.9614 8.00858 23.9084C5.71037 22.8554 3.80294 21.1043 2.5579 18.9042C1.31285 16.7041 0.79365 14.1673 1.07423 11.655C1.35481 9.14267 2.42086 6.78291 4.12059 4.91171C7.6069 1.07178 13.4936 0.0147454 18.2984 1.93663\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path d=\"M8.68945 12.5069L13.4942 17.3116L25.0255 4.81934\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Cyber Risk; and<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"27\" height=\"26\" viewBox=\"0 0 27 26\" fill=\"none\"><path d=\"M25.025 14.4289C24.064 19.2336 20.4413 23.7577 15.3579 24.7687C12.8786 25.2624 10.3068 24.9614 8.00858 23.9084C5.71037 22.8554 3.80294 21.1043 2.5579 18.9042C1.31285 16.7041 0.79365 14.1673 1.07423 11.655C1.35481 9.14267 2.42086 6.78291 4.12059 4.91171C7.6069 1.07178 13.4936 0.0147454 18.2984 1.93663\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><path d=\"M8.68945 12.5069L13.4942 17.3116L25.0255 4.81934\" stroke=\"#E8792A\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Cyber and Privacy Insurance.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e93f15 elementor-widget elementor-widget-text-editor\" data-id=\"0e93f15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There are many different types and combinations of coverage available, but all of these names cover the same key concept of protecting your business or organization from financial loss related to online data and network security. Much like you would want\u00a0<a href=\"https:\/\/www.ona.ca\/professional-liability-insurance\/\" target=\"_blank\" rel=\"noopener\">Professional Liability Insurance<\/a>\u00a0to protect you from any professional errors during your duties, Cyber Security Insurance can protect you from internet-based risk, and damages from the result of breached security or release of protected information. As more and more business processes are moving online, and more information is being processed over the web, cyber security will continue to be a growing concern, and Cyber Security Insurance can help alleviate the risk associated with your digital data.<\/p><h2>Why Do I Need Cyber Insurance?<\/h2><p>In the digital age, your business can be greatly reliant on internet networks, or heavily involve processing private data between your partners, employees, and clients. This reliance opens businesses up to outside threats from hackers. And it isn\u2019t just large businesses that can be affected;\u00a0<a href=\"https:\/\/www.forbes.com\/sites\/forbesleadershipforum\/2013\/05\/13\/your-business-is-never-too-small-for-a-cyber-attack-heres-how-to-protect-yourself\/\" target=\"_blank\" rel=\"noopener\">20% of all cyber-attacks hit small businesses<\/a>\u00a0with 250 or fewer employees. Approximately 60% of small businesses close within 6 months of a cyber-attack. If in the unfortunate even that your systems or security measures fail, and your organization is liable for major losses, cyber security insurance can provide a safety-net of funding to facilitate a smooth recovery, and return to normal operations. A loss of data can cause a company to breach its obligations under privacy and data legislation, which can lead to regulatory repercussions including fines, or can expose the business to the threat of legal action by the affected parties. Cyber Liability Coverage can be a great way to reduce the costs that can occur from a breach of your company\u2019s data systems, by ensuring you are protected by Data Breach or Privacy Crisis Management Coverage. There is also Network Security Coverage, which can cover a broad range of incidents. Network Security can include costs or losses associated with unauthorized access to your network, viruses, unauthorized transactions, and Denial of Service attacks (D.O.S. attacks).<\/p><h2>How Can I Protect My Business?<\/h2><p>\u00a0 Because technology is ever evolving, and new digital threats are constantly emerging there can never be an all-encompassing defense against hackers who might do your business harm. The best way to protect your business from the risk incurred by breaches of security, hacking, or viruses is through a combination of digital security, and Cyber Security Insurance. There are a number of different coverage options for Cyber Security Insurance, so we recommend speaking with a qualified insurance representative to go over what coverage is best for your business. Contact your\u00a0<a href=\"https:\/\/www.ona.ca\/contact-us\/\" target=\"_blank\" rel=\"noopener\">Ottawa insurance broker<\/a>\u00a0today to discuss coverage types, and allow us to craft a policy that ensures that your organization isn\u2019t left scrambling in the event of a network security issue, or a data breach.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>We\u2019ve previously covered the topic of Cyber Security and the Steps You Can Take to Safeguard Your Business From Cyber Threats, and as part of National Cyber Security Awareness Month, we\u2019re&#8230;<\/p>\n","protected":false},"author":4,"featured_media":8824,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,31],"tags":[65,64,68,70,69,67,66,71],"class_list":["post-8821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance-advice","category-new-coverage","tag-cyber-and-privacy-insurance","tag-cyber-endorsement","tag-cyber-insurance","tag-cyber-liability","tag-cyber-risk","tag-cyber-security","tag-cyber-security-insurance","tag-ona-insurance-ottawa-cyber-security"],"_links":{"self":[{"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/posts\/8821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/comments?post=8821"}],"version-history":[{"count":10,"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/posts\/8821\/revisions"}],"predecessor-version":[{"id":11502,"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/posts\/8821\/revisions\/11502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/media\/8824"}],"wp:attachment":[{"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/media?parent=8821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/categories?post=8821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ona.ca\/wp-json\/wp\/v2\/tags?post=8821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}