Cybersecurity Insurance 101: How to Choose the Right Coverage for Your Quebec Business

Practical guide to navigating the cyber insurance market and choosing protection suited to your business.

Francesco Capaldo

June 14, 2024

1 min read

Types of Coverage

Protects YOUR losses:

Data recovery

Business interruption

Extortion/ransom

Notification costs

Protects against OTHERS' claims:

Civil liability

Legal defense costs

Regulatory fines

Ensure amounts match your actual risk.

Compare deductibles and their impact on premiums.

Watch for common exclusions:

Acts of war

Gross negligence

Outdated systems

Does the insurer offer incident response services?

Small business: $1,500 - $5,000/year

Medium business: $5,000 - $25,000/year

Your insurance should cover notification obligations imposed by Law 25.

Our experts are here to help you protect your business.