Cyber Insurance: Coverage Against Hacks, Modern Theft & Ransomware
Cyberthreats are always evolving as criminals take advantage of online behaviour and trends. As many theatre companies increase their online activities and have employees working remotely, it’s important to stay on guard against the risk of cyber attacks.
WHAT IS CYBER LIABILITY INSURANCE?
Cyber liability insurance goes by many names these days: Cyber Insurance; Cyber Security, Cyber Risk, Hack Insurance and others. However, the intent of all of these policies remains the same: a cyber insurance policy is an insurance product used to protect your business from data breaches on your computer system(s), potentially exposing client information.
Cyber liability insurance for theatre companies is designed to protect them from certain losses associated with data breaches and hacks. After a breach, there are costs companies could incur, including (but not limited to):
- notifying patrons that their information has been stolen
- paying for PR/crisis communications to explain what happened
- paying to restore or recover any stolen data/hacked accounts
- paying to conduct an investigation to determine what happened
- losing money from business interruption
HOW CAN CYBER INSURANCE HELP THEATRE COMPANIES?
Cyber liability insurance can help with expenses associated with managing a data breach, such as incident response, crisis communications, and data recovery expenses. Front Row’s cyber insurance policy includes comprehensive coverage with limit options up to $1,000,000.
WHERE CAN I GET A QUOTE?
GREAT DEAL FOR THEATRE ALBERTA MEMBERS!
Theatre Alberta members are eligible to receive $25 off fees for Cyber Liability policies! Simply use the code THEATABLG when applying for your policy online.
ABOUT FRONT ROW INSURANCE BROKERS
Front Row Insurance Brokers is Canada’s leading arts and entertainment insurance brokerage. We provide live performance coverage to members of the theatre, arts and dance community across the country as well as Board Liability coverage, property, and event insurance. We also excel in providing low-cost online insurance solutions to creative people who are conscious of their bottom-line and need the best possible coverage for their workshops, rehearsals, or short-term productions.