In a bid to address the mounting concerns surrounding personal cyber safety, Westland Insurance, a leading Canadian independent insurance broker, has partnered with global insurtech firm BOXX Insurance. Together, they aim to introduce a comprehensive cyber insurance product to meet the growing need for digital protection.
Recent data indicates that Canadian households face a higher likelihood of experiencing cybercrime compared to house fires. Cyber threats target people of all ages, necessitating online protection akin to securing physical homes. Westland acknowledges this demand and is committed to offering a cyber coverage solution.
BOXX Insurance’s product includes features like credit monitoring, $1 million in ID recovery expenses, and lost wallet assistance. According to Donna Barclay, EVP Commercial and Specialty at Westland Insurance, consumers are looking for affordable solutions to safeguard themselves and their families online.
The Cyberboxx policy, provided by BOXX Insurance, offers a comprehensive solution for cybersecurity gaps and covers data breach insurance, identity theft, cyberstalking, and more. It extends protection to personal devices and software to ensure comprehensive coverage for individuals’ digital lives.
Notably, this product offers worldwide coverage, essential for Canadian travelers who face increased cyber risks abroad. BOXX Insurance also provides access to BOXX Hackbuster experts for live assistance in the event of a digital emergency.
As we place more and more of what we value in digital places, it only stands to reason that bad actors will seek to take what is ours for their profit. Securing your home requires more than locked doors and windows. And planning for a bad day means more than old-fashioned homeowners insurance. Do you need cyber insurance?
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