The cost of cyber insurance varies based on several factors:
- Your industry and the type of data your business holds
- Annual revenue and number of employees
- Your existing cybersecurity controls; multi-factor authentication, endpoint protection, and backup practices all affect pricing
- Coverage limits and sublimits selected
- Whether you process payment cards or hold personal information
- Your claims history
As an independent broker, Munn shops your coverage across 15+ Canadian insurers to find the most competitive rate for your business.
