Burns & Wilcox Canada Video Highlights Importance of Cyber Liability Coverage

Toronto, ON [January 8, 2014] – Burns & Wilcox Canada today released a new video that highlights the importance of Cyber Liability Coverage for businesses. The video, The New Normal in an Online World, is available online at: http://insight.burnsandwilcox.com/articles/Pages/THE-NEW-NORMAL-IN-AN-ONLINE-WORLD-VIDEO.aspx and also here:

“The new normal in an online world, is that all companies need to take steps to protect against the growing threat of online attacks,” said Gary Hirst, National Director, Burns & Wilcox Canada. “Cyber-attacks resulting in theft are a very real and growing risk for organizations, and something that we see, hear and read about every day.”

Burns & Wilcox Canada provides coverage for risks up to $100,000,000 in annual revenue. The product covers breach of contract claims, including those under a payment card processing or service provider agreement and also regulatory actions involving investigations by the Financial Services Commission of Ontario and the Provincial Attorney General. Where allowed, civil penalties can also be covered, along with compensatory awards such as consumer redress funds, as well as public relations assistance to maintain the reputation of the affected organization.

Additional coverage modules may include multimedia liability, hacker damage, cyber business interruption or cyber extortion.

Coverage details include available retentions scaled based on revenues ranging from $5,000 to $25,000, full limit breach notification costs with an option for Breach Costs Outside the Limit, full limit for computer forensics and a Duty to Defend policy.

When clients work with Burns & Wilcox Canada, they have the confidence in knowing they have the security of A.M. Best “A-“ or better rated carriers.

For more information on Burns & Wilcox Canada’s Cyber Liability Coverage, please contact:

• Maia Espejo
• Senior Professional Liability Manager
• Burns & Wilcox Canada
• Tel: 416.774.2477
• Email: mespejo@burns-wilcox.ca

 

About Burns & Wilcox Canada

Burns & Wilcox Canada is a leading wholesale broker and underwriting manager for the retail brokerage community. Burns & Wilcox Canada leverages both Canadian domestic insurers as well as international carriers, including Lloyd’s underwriters. With access to a broad range of specialty products including commercial lines, professional liability and personal insurance, the company offers unrivaled service and access to an international network, giving brokers a competitive edge for facilitating trans-border business for Canadian clients. With offices in Toronto, Ottawa, Calgary and St. John’s, Burns & Wilcox Canada is part of the Kaufman Financial Group.

More information can be found at http://www.burnsandwilcox.ca

About Burns & Wilcox and the Kaufman Financial Group

Burns & Wilcox is the industry’s largest privately-held wholesale broker and underwriting manager. Burns & Wilcox has more than 40 offices across the United States, Canada and London and employs more than 1,000 professionals. Founded in 1969 and headquartered in Metro Detroit, Burns & Wilcox is internationally recognized for its insurance brokerage and underwriting expertise in commercial and professional liability, property, marine and personal insurance.