4 Ways Personal Cyber Insurance Protects You and Your Family

More Canadians are falling victim to cybercrime than ever before. Here are four ways that personal cyber insurance can limit the impact of an attack on you and your family:
Categories: Personal Insurance
Jul 7th, 2022 | By: CapriCMW

More Canadians are falling victim to cybercrime than ever before. 

Did you know?

  • A Statistics Canada report on online habits of Canadians in the first 6 months of the pandemic revealed that 42% experienced a form of cyber security incident and 34% of them were victims of phishing attacks.
  • According to the 2021 Norton Cyber Safety Insights Report, nearly 330 million people in 10 countries were victims of cybercrime.

4 Most Common Types of Cyber Attacks

Personal cyber insurance covers expenses and financial losses resulting from cyber attacks, which can include:

Costs to repair, replace or restore home or personal devices or systems

Financial consequences of personal online attacks (i.e. lost salary up to the policy limits in the event that cyberbullying leads to the wrongful loss of a job)

Ransom paid to online criminals threatening the release of sensitive personal data or preventing individuals' access to their devices (may also cover investigation costs for determining the cause and preventing similar incidents in the future)

Financial loss from fraud including identity theft, stolen bank funds, fraudulent use of credit cards or online scams (traditional standalone ID theft policies or endorsements may not cover this wide breadth of risks)

Buy Personal Cyber Insurance Online

CapriCMW is proud to partner with BOXX Insurance to offer Cyberboxx Home Edition to our clients in British Columbia, Yukon and Ontario. Starting at just $99/yr, Cyberboxx Home Edition is designed to insure you from the crippling consequences of a cyber attack. 

 This content is powered by the Canadian Broker Network.


CapriCMW is a proud member of the Canadian Broker Network (CBN), an alliance of Canada’s leading independent insurance brokerages representing over 50 offices, 1,500 professionals and over $1 billion in premiums. Learn more at canadianbrokernetwork.com.

Recent Blog Posts

Business Insurance / Property Management, Strata Corporation, subrogation
Strata Corporations and Subrogation: Recovering Costs of Damages From At-Fault Parties

Our Strata Advisors explain reasons why subrogation can often be a long and arduous process, steps…

Aug 18th, 2022 | By: CapriCMW
Business Insurance / employment practices liability
3 Strategies to Limit Your Organization's Exposure to Employment Claims

The impact of the COVID-19 pandemic has led to a global shift towards remote and hybrid work…

Aug 10th, 2022 | By: CapriCMW
Employee Benefits / employee benefits, group retirement, retirement savings, RRSP
Employee FAQs: Group RRSPs

CapriCMW's Group Retirement and Savings Advisors answer some of the most common questions from…

Aug 3rd, 2022 | By: CapriCMW
Search the Blog

Confidence and Freedom

At CapriCMW, we provide personalized insurance and custom risk solutions to give you the confidence and freedom to focus on what matters to you. Talk to an Advisor or get a quote today.

Get a Quote    Or call 1-800-670-1877

Can’t find what you are looking for? Ask us!