KBD Insurance
KBD Insurance

KBD is an insurance broker that provides protection
against cyber hacks that will disrupt your business operations.

Cyber attacks hit businesses everyday; it's an exposure that no modern business can escape in today's digital age, and having a cyber insurance policy in place will protect your company in the event that it suffers from a hack. According to a study from the University of Maryland, there’s a hack every 39 seconds, and 95% of cyber attacks hit government, retail, and technology companies. 43% attack small businesses. Most organizations take six months to detect a data breach, and by then it can be far too long to fix it. If any of these statistics worry you, you need cyber insurance.

Whether you are a technology company, a manufacturer operating CNC (computer numerical control) machines, or run a traditional brick-and-mortar business, all industries can benefit tremendously by having an insurance policy that protects you from modern day risks in the realm of IT. If your business is paperless (or going paperless) and you work with customer data, this product is for you.

In 2017, 53% of all cyber attacks resulted in damages of $500,000 or more. So, what are today's most common cyber attacks?

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Malware

This includes malicious software like spyware, ransomware, viruses and worms. Malware will breach a network through a vulnerability, ... usually when an employee clicks on a dangerous email that then installs risky software. To undo the damages that rendered your systems inoperable, hackers will demand a ransom payable in cryptocurrency.
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Denial-of-service attacks (DDoS)

This type of attack floods systems, servers or networks to exhaust the bandwidth; think of it as 10,000 cars trying to drive down a two-lane highway.Your system will be unable to operate and you won't be able to fulfill legitimate requests. In 2019, DDoS attacks increased in size by 500%.
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Phishing

Hackers will send fraudulent correspondence that appears to come from a reputable source, usually through email, ...with the goal of stealing sensitive information like credit card and login credentials. The hacker will then install malware on the employee's machine.
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Structured Query Language (SQL) Injection

Occurs when a hacker inserts malicious code into a server that uses SQL and forces the server to reveal information it normally would not. In Lay man's terms, the consequences of this are confidentiality as servers are generally databases that hold sensitive data; you're basically hypnotizing the server so that it divulges information that should remain confidential.
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Cyber Insurance

In 2018, 62% of businesses experienced phishing and social engineering attacks. That number has only increased in the following years. Being the target of a cyber attack is not just a question of “if” but “when.” The world is a scary place, and vital data that you may think is perfectly secure can be hacked if the conditions are right--be it human error, poor cyber infrastructure, lack of proper security software. You can be a small company or a big one, a financially secure company with a full time IT staff, or a new kid on the block running on a shoestring budget; we’re all going to get hacked at some point.


So what can cyber insurance do for you? We can cover the losses that your company experiences due to cyber attacks. We offer cyber security liability coverage to ensure that you can recover from an invasive attack. We can’t stop it from happening--only cyber security firms with the top tools and minds can do that--but we can cover a cyber security claim when it’s filed, giving you the peace of mind that when the worst happens, we’ll be there to help you recover.

Our cyber insurance policy will cover you for all the events listed above and more. Here's how it works:

In the event that your business suffers from a cyber attack, you will need to have an IT specialist come diagnose exactly what happened to your systems. In some instances, there may be multiple infections within your network; our specialists will get to the bottom of it and draw up a recovery plan. This can take hours, days or weeks; our policy will cover these professional labour costs.

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If your CRM or software program that keeps track of your customer's information goes down, can your business continue running? Will you lose out on potential sale opportunities? Suffering from an event like a ransomware attack will render your business paralyzed and unable to operate. We will not only fix the problem, but will indemnify you for the loss of profits suffered during your outage period.

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Starting in October, 2018, the Canadian Government imposed a law whereby businesses who suffer a data breach need to notify their customers via registered mail and may also require your business to pay for credit monitoring services. Our cyber insurance policy will cover any costs that you will incur in order to notify your client's in the event that their personal information is compromised.

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If you lose your customer's data, there may be a grey area as to who is ultimately responsible; is it your company? Or was it the third-party cloud provider that you may be using? In the event where you need to defend yourself in court, our policy will cover your fees related to the case.

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Our cyber insurance policy will cover you for all the events listed above and more. Here's how it works:

KBD Insurance
KBD Insurance
KBD Insurance
KBD Insurance

Cyber incident response costs

In the event that your business suffers from a cyber attack, you will need to have an IT specialist come diagnose exactly what happened to your systems. In some instances, there may be multiple infections within your network; our specialists will get to the bottom of it and draw up a recovery plan. This can take hours, days or weeks; our policy will cover these professional labour costs.
Contact us

+ Read more

System damage and business interruption

If your CRM or software program that keeps track of your customer's information goes down, can your business continue running?Will you lose out on potential sale opportunities? Suffering from an event like a ransomware attack will render your business paralyzed and unable to operate. We will not only fix the problem, but will indemnify you for the loss of profits suffered during your outage period.
Get your quote

+ Read more

Data breach

If you sell a product / service to the public, then chances are you have data on your customers; names, date of births, credit card information, etc. Starting in October, 2018, the Canadian Government imposed a law whereby businesses who suffered a data breach need to notify their customers via registered mail and also required the need to pay for credit monitoring services. Our cyber insurance policy will cover any costs that you will incur in order to notify your client's in the event that their personal information may have been compromised.
Find out more

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Court attendance costs

If you lose your customer's data, there may be a grey area as to who is ultimately responsible; is it your company? Or was it the third-party cloud provider that you may be using? In the event where you need to defend yourself in court, our policy will cover your fees related to the case.
Find out more

+ Read more

See what others are saying about KBD Insurance

KBD is great and helped us consolidate and organize our insurance for all 7 of our locations.


Ye Olde Orchard Pub & Grill

KBD's expertise and professionalism led to competitive rates and better coverage for our home and commercial policies.


Climatisation Airvitech

We've been with KBD since the Killen Bullard Devine days; love these folks. So helpful and professional.


Construction Freres Riendeau




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