Information technology

Civil liability coverage protects you from property damage or bodily injury that you may involuntarily cause to a third party or to one of your clients, anywhere your activities take place. As a result, this coverage is necessary in order to protect your business in the event of a lawsuit or claim attributable to your operations, your places of business or your operations. It is important to properly assess the chosen limit in relation to the actual risk because the consequences could be catastrophic for the survival of your company.

Adding the executive risks coverage, also known as “D&O”, allows your company’s directors and officers to be covered. These directors and officers carry the responsibility of acting in the best interest of the company. Whether you are the member of a board or run a company, you could be held personally liable of any wrongful act in the management of a company. This insurance also covers defence costs in the event of allegations or legal action brought against members of a board or business executives.

Professional liability is also known as “E&O” or Errors and omissions insurance. This insurance provides coverage to hedge against financial loss that you may cause to a third party after having followed your recommendation, as a result of the omission of advice that you should have given within your professional capacity or as a result of a design error of your product. As a result, your client could sue you for losses you would have caused him. Professional liability would also cover defence costs associated with a lawsuit.

Since the building is covered under the basic insurance contract, immovable property is covered (namely the walls, floors and windows, but also the cupboards and counters of your company against fire, theft, vandalism and more).

By adding this coverage to your standard insurance policy will cover damage caused by water to your business.

Your two coverage options are:
– Sewer back-up endorsement: this insurance covers sewer back-up as well as sump pump leakage.
– Flood endorsement: you are covered in the event of a body of water overflowing onto the premises.

Contents insurance offers coverage to your company for damage or loss to the property inside your office, for example desks, chairs and equipment, but especially all your computer equipment. Equipment belonging to you at your collaborators’ and hosting providers’ site is also covered.

This insurance not only covers liability related to the management of the private information of your clients, employees and your company but also that of your personal data in the event of hacking.

It also includes the following types of coverage:
– Protection against accidental computer breaches
– Coverage for data recovery costs
– Coverage for data breach reporting costs

Media and advertising liability provides coverage for defamation lawsuits or defamatory material found in your marketing material or content published on your website.

By adding this coverage to your insurance contract, you are protected from the intellectual property infringement you may be subjected to and the legal defence costs required to defend yourself in the event of alleged violation from a third party. As such, your patents, copyrights and secrets are protected by this insurance.

Adding this coverage to your insurance contract helps you hedge replacement costs in the event of loss of data, including a computing error, computer abuse or a virus.

This insurance covers lost profits or expenses incurred in order to maintain the normal business operations in the event of a major peril. For example, rental of buildings or equipment as well as compensation for decreased income.