CYBER INSURANCE
Cyber insurance built for BC businesses - coverage you can understand, protection you can actually use.
Cyber insurance BC businesses can actually rely on - that's what we deliver through our partnership with Coalition. You get coverage for losses, plus tools that help protect your business before an incident ever happens.
What does cyber insurance BC coverage include?
Cyber insurance is a policy that covers the financial losses your business suffers as a result of a cyberattack, data breach, or digital fraud. Unlike a general liability policy, it's designed specifically for the risks that come with operating online - storing customer data, sending and receiving payments electronically, and using software to run your business.
Here's what a typical cyber insurance policy can cover:
Ransomware attacks
🔒 Ransomware attacks
Where criminals lock files and demand payment to restore access
🔓 Data breaches
Costs related to notifying affected customers, regulatory fines, and credit monitoring
💸 Funds transfer fraud
When criminals trick your team into wiring money to a fraudulent account
Business interruption
⏸️ Business interruption
Lost income if a cyberattack forces your operations offline
⚠️ Cyber extortion
Threats to publish your data or take your systems offline unless you pay
⚖️ Legal and regulatory defence
Legal costs if you're sued or investigated following an incident
Coverage that works before, during, and after an incident
Most insurance only pays out after something goes wrong. The cyber coverage we offer through Coalition is different. It combines financial protection with real security tools that help reduce your risk from day one.
Know your risks before attackers do
From the moment your policy is active, Coalition continuously scans your public-facing digital assets to identify vulnerabilities and alerts you to issues most likely to result in a claim. You don't need to be a security expert to act on these alerts.
Expert support when you need it most
If an incident does occur, you're not navigating it alone. Coalition's in-house security analysts are available to guide you through the response - helping you contain the damage, recover your systems, and get back to business faster.
Tools that help prevent claims
Your policy includes access to Coalition Control, a security platform that gives you a clear picture of your cyber risk and a plain-English action plan for addressing it. For businesses that want even more protection, we offer Coalition's managed security services alongside your policy.
Getting insured doesn't have to be complicated
Step 1
Tell us about your business
Fill out a short intake form - it takes about five minutes. We'll ask about your operations, revenue, and a few basic security practices.
Step 2
We find you the right coverage
We review your profile and come back with coverage options that match your risk level and budget. We'll walk you through anything that's unclear.
Step 3
You're protected and supported
Once you're covered, you're not on your own. Your policy includes access to security tools and incident response support, so help is there if you need it.
If your business does any of the following, cyber insurance is worth considering:
You don't have to be a large company to be a target. Smaller businesses are often targeted precisely because they're less likely to have dedicated security teams or strong defenses.
Stores customer data (names, emails, addresses, payment info, etc.)
✅Stores customer data (names, emails, addresses, payment info, etc.)
✅Processes credit or debit card payments
✅Relies on software, cloud tools, or online services to operate
✅Sends or receives electronic payments or wire transfers
✅Has employees who use email (phishing is the number one cause of cyber claims)
Frequently asked questions
Does my general liability insurance cover cyber incidents?
In most cases, no. General liability policies are designed for physical injuries and property damage. Cyber losses - like a ransomware payment, data breach costs, or fraudulent wire transfer - typically require a separate cyber insurance policy.
How much does cyber insurance cost?
Cyber insurance BC premiums vary based on your industry, annual revenue, number of employees, and the security practices you have in place. Many small businesses pay a few hundred to a few thousand dollars per year. The best way to get a real number is to fill out our short quote form.
What information do I need to get a quote?
Mostly business basics: your industry, annual revenue, number of employees, and a few yes/no questions about your current security practices - things like whether you use multi-factor authentication and whether you back up your data.
What happens if I have a cyber incident?
Contact us or your insurer as soon as possible. Coalition has an in-house incident response team that can be engaged quickly to help contain the situation. Your policy will outline the process for filing a claim.
Does cyber insurance cover Tech E&O?
Technology Errors & Omissions coverage is available as an optional add-on for technology companies and IT service providers. If you provide software, IT consulting, or tech services to clients, it's worth asking about when you request a quote.
Is this coverage available across Canada?
Select First Financial is licensed to sell cyber insurance BC-wide and across British Columbia. Coalition's Canadian program is available in all provinces except Quebec. If you're located outside BC, please contact us to discuss your options.
Ready to Protect Your Business From Cyber Risk?
Get a quote in about five minutes.
Fill out our short intake form and we'll come back to you with coverage options. No obligations, no jargon.