The Growing Threat of Cybercrime
We’ve watched cybercrime in Vancouver grow every year, and the numbers keep climbing. In 2021, local victims reported 8,838 incidents to authorities. That number jumped to 10,267 in 2022. By 2023, cybercrime reports hit 13,588. That kind of growth doesn’t happen without cause. As businesses in Vancouver rely more on digital tools, online payment systems, and remote work setups, the need for cyber liability insurance in Vancouver increases.
In Vancouver’s booming tech sector, ransomware attacks have caused delays, data losses, and financial penalties. Construction companies have seen phishing emails take down project management systems. Even health clinics in the Lower Mainland have faced patient record breaches. With so many sectors moving toward cloud-based operations, the risk affects everyone across all industries.
At HUB International, we understand the unique risks that Vancouver businesses face. The city has become a digital hub, home to more than 75,000 small businesses and a fast-growing tech sector with over 11,000 companies. That growth has attracted targeted cyber-attacks. We tailor every cyber liability insurance policy to match your company’s structure, workflow, and digital exposure. We’ve seen the consequences firsthand, and we know which protection works.
What Cyber Liability Insurance in Vancouver Covers
Cyber liability insurance in Vancouver covers more than just a data breach. It helps protect against financial losses that result from hacking, social engineering, phishing, and system failures. If a hacker locks your files and demands payment, this insurance can cover the ransom, the cost of restoring systems, and the legal fees. If your system suffers a virus that damages your clients’ data, this insurance handles the fallout, including third-party claims.
We’ve built policies that respond to specific needs. Some of our clients operate entirely online, so we add coverage for denial-of-service attacks. Others depend on in-house systems, so we prioritize business interruption protection. If you take payments online, we include PCI compliance support. We don’t believe in generalized policies. We adjust coverage until it fits perfectly.
How Cyber Insurance Works for You
When you partner with us, we work with you to assess your digital risks. We look at your data storage practices, access controls, employee training, and incident response plans. Once we understand your system, we build a plan that aligns with your reality.
We also walk you through the claim support process. If something happens, we help you contact IT vendors, crisis response teams, and legal advisors. You don’t need to waste time hunting for help. We’ve already lined up everything you need, and we’ll stay by your side through the entire process. Most importantly, we help prevent incidents before they start. We give you access to cyber risk assessments and regular updates on new digital threats.
Our policies for cyber liability insurance in Vancouver come with flexibility. You can increase coverage limits, add riders, or expand coverage to new business lines as you grow. You don’t have to start with everything. You can grow your protection alongside your company.