More Canadian business owners embrace “brick-and-mortar PLUS digital” allowing them to deliver a more attractive shopping experience, offering convenience, options and personalization online.
But with such advances also come unknown risks (ie. cyber attacks) that their traditional business insurance policy may not cover.
Many business owners assume that their online service providers (e.g., Shopify, PayPal) hold the responsibility for insurance, but this is not the case.
Many of these risks call for Cyber Liability Insurance coverage.
Listed below are a few examples of business activities that would require you to re-think your traditional insurance policy: