Introduction to Cyber and Privacy Insurance

With the increase in cyber security attacks in recent years, businesses’ need for cyber security insurance is steadily increasing. Everyone knows how important it is to have a protocol in place to prevent security breaches and for businesses to educate their employees to mitigate the risk of it occurring due to human error. However, selling these policies are relatively new for brokers and understanding the terminology can get confusing.

Join us as the team from Travelers Canada get you up to speed in a 1-hour session that aims to teach you the basics of cyber risk policy features, explain what a multi-factor authentication is, and walk you through case studies to illustrate a real-life example of some claims.

Course Objectives

• Explain common terminology used in cyber insurance products
• Differentiate between the four areas of coverage
  • Liability
  • Breach Response
  • Cyber Crime
  • Business Loss
• Determine the clients’ needs (Potential Risk Exposure)
• Describe how a claims process can look like and steps an organization can take to mitigate risk