Technology, Cyber & Multimedia Liability

• Businesses with a hybrid of traditional media and information technology exposures
• Canadian domiciled companies
• A sample list of clients could include, but is not limited to:
  • Graphic design firms
  • Video production companies
  • Advertising agencies
  • Web design firms
  • Printers
  • Publishers
  • Marketing agencies
  • Advertising or marketing consultants

Coverage is available for individuals or companies providing professional services with annual fees of $3,250,000 or less:

• Computer consultants
• Custom programmers
• Data processors
• Software developers
• System integrators
• Value-added resellers
• Web designers
• And other IT businesses

Coverage is available for Canadian-based companies that manufacture, design, assemble, distribute, maintain and service the following:

• Computer and Electronics Products
• Communications Products
• Electronic Machinery and Equipment
• Electronic Instruments
• Services 
  

Please note: The availability of coverage for some of these classes will be governed by acceptability of individual risks based on the end-use of the applicant’s products.

• Policy form – claims-made and reported
  
• Policy period – annual policies and multi-year policies
  
• Territory – services rendered worldwide
  
• Coverage – includes first and third party cyber risk protection

• Cyberextortion payment – should your business’ data or computer system be hijacked for ransom
  
• Social engineering fraud – resulting in a loss of money or assets due to phishing or electronic scams
  
• Breach reward expenses – reimbursement of up to $10,000 for information leading to the arrest and conviction of an individual(s) regarding a breach of your business’ computer system
  
• Loss mitigation costs – up to $250,000 to reproduce printed or electronic material for the prevention or mitigation of a loss
  
• Regulatory fines and proceedings – reimbursement for fines and proceeding costs relating to privacy breaches 
  
• Payment card industry fines and penalties – reimbursement for fines and penalties relating to e-commerce activities such as the processing of credit cards
  
• Contingent business interruption – up to $25,000 should your business’ computer system or network go down due to a breach at the outsourced data centre or other premises where your business’ computer system is managed by a third party
  
• Other features:
  • Broad definition of insured services extended to media-related and manufacturing service
  • Extends to first and third party cyber risks
  • Cyberbreach coach: a designated legal firm, ensures continued privilege and support further to a breach
  • Zero deductible for qualifying risks
  • Defence costs in excess of the limits
  • True worldwide coverage
  • Coverage for bodily injury and property damage arising out of professional services eliminates potential gaps in coverage
  • Liability against damages resulting from criminal acts committed by a rogue employee
  • Compensatory damages as well as punitive and exemplary damages, unless uninsurable by law
  • First party contingent business interruption
  • Independent contractors and volunteers automatically added as insureds
  • Liability against damages resulting from a delay in the performance of a contract or agreement due to a wrongful act

For standard submissions, please complete the form below:

Technology, Cyber and Multimedia Liability application form

For Small Firms submissions, please complete the form below:

Technology, Cyber and Multimedia Liability Small Firms application form

If your client’s annual revenue is less than $350,000, consider V², our online quote-bind-policy issuance platform for small- to mid-size businesses.

For renewals, complete the form below:

Technology, Cyber and Multimedia Liability Renewal application form

Please include attachments as indicated on the application form.

Once completed, send your form to submitapps.ca@victorinsurance.com