Standalone cyber insurance for Canadian businesses. Start a quote online for ransomware, privacy breach, business interruption, social engineering, and data restoration coverage. Bindable terms subject to underwriting approval.
Quick answer
Cyber insurance in Canada is a standalone policy that covers financial losses from ransomware, data breaches, privacy violations, business interruption, social engineering fraud, and regulatory investigations. It fills the gaps that general liability, E&O, and packaged business policies leave open. Canadian businesses of all sizes use standalone cyber insurance to manage exposure to PIPEDA breach notification costs, cyber extortion payments, and operational downtime from system outages.
Canadian businesses can start a cyber insurance quote directly with CyberAgency. Complete the online intake, and our underwriting team will review your exposure profile, security controls, and coverage needs. Bindable terms are subject to underwriting approval and available capacity.
Already have a broker? CyberAgency can work with them. Learn about our broker partner program.
Standalone cyber insurance for Canadian businesses typically covers the following areas
Ransom payments and recovery
Data breach and notification
Cyber-related operational downtime
Fraud and deception losses
Recovery and reconstruction
24/7 emergency response
Privacy compliance and penalties
Coverage scope and limits vary by policy. Bindable terms are subject to underwriting approval and available capacity.
Cyber insurance premiums and eligibility in Canada depend on several key factors. Understanding these helps you prepare for underwriting review.
Annual revenue is a primary rating factor. Larger revenue typically means higher coverage limits and premiums, reflecting greater exposure.
Industry drives risk profile. Healthcare, financial services, and technology typically face higher exposure. Retail, construction, and manufacturing have different rating patterns.
The number of personal records you hold (customer data, employee records, payment information) directly affects breach response costs and premium.
MFA, endpoint detection, backups, employee training, encryption, and incident response plans all influence both eligibility and pricing. Stronger controls generally improve both.
Prior cyber incidents or claims affect underwriting assessment. A clean claims record improves pricing and available capacity.
Businesses using AI tools may face additional underwriting questions. If AI-specific exposure is significant, AI insurance or AI Shield may be relevant alongside standalone cyber.
Existing GL, E&O, D&O, or packaged policies may contain cyber exclusions or gaps. Underwriting reviews your current program to avoid duplication and identify exposure.
CyberAgency is a Canadian MGA for cyber insurance. Businesses can start a cyber insurance quote directly — you do not need to go through an external broker first.
If you already have a broker, CyberAgency can work alongside them. We support both direct-to-insured and broker-partnered pathways. Either way, bindable terms are subject to underwriting review and available capacity.
Begin your cyber insurance intake online. Share your business profile, complete underwriting review, and receive bindable terms if eligible.
If you already have a broker, CyberAgency works with them — not around them. Your broker stays in the loop throughout underwriting and placement.
Our underwriting team reviews your application, exposure profile, and security controls. Bindable terms, limits, and pricing are subject to underwriting approval.
CyberAgency supports a broker-inclusive model. If your existing broker is already part of our partner network, they can submit your application directly. If not, we can onboard them through our broker partner program.
We do not displace existing broker relationships. Our MGA model is built to coexist with the broker channel — direct access for businesses that want it, broker-partnered access for those who prefer it.
Cyber insurance in Canada is a standalone policy that covers financial losses from cyber events including ransomware, data breaches, privacy violations, business interruption, social engineering fraud, and regulatory investigations. It is designed to fill gaps left by general liability, E&O, and packaged business policies.
Cyber insurance in Canada typically ranges from $1,500 to $15,000+ annually depending on revenue, industry, data volume, security controls, claims history, and current coverage. Use the cyber insurance cost calculator for a free estimate tailored to your business profile.
Yes. Canadian businesses can start a quote directly with CyberAgency. If you already have a broker, CyberAgency can work alongside them. Bindable terms are subject to underwriting approval and available capacity.
Typical coverage includes ransomware payments and recovery, privacy breach response and notification, cyber business interruption, social engineering and funds transfer fraud, data restoration, incident response services, and regulatory defense under PIPEDA and provincial privacy laws. See our cyber liability insurance and data breach insurance pages for specific coverage details.
Cyber insurance is not legally mandatory in Canada. However, many businesses require it to meet contractual obligations with clients, partners, and vendors. PIPEDA and provincial privacy laws impose breach notification and protection requirements that make cyber coverage strongly advisable for any business handling personal information.
Starting a cyber insurance quote with CyberAgency takes a few minutes through the online intake. Underwriting review and bindable terms depend on business complexity, controls assessment, and capacity. Most quotes are returned within 1 to 3 business days.
Standard cyber insurance may address some AI-adjacent risks, but AI-specific exposures such as model liability, prompt injection, and autonomous agent decisions may require dedicated coverage. See AI Insurance Canada and AI Shield for AI-specific coverage options.