Cyber Insurance Claim Readiness Checklist for SMB Clients (Canada)

Section 1: Cyber Insurance Providers in Canada

Recommended Providers:

  • Chubb Canada – Full cyber risk coverage
  • Cowan Insurance Group – SMB-focused policies
  • Intact Insurance – Cybercrime and system damage
  • Beazley Canada – Breach response specialist
  • Coalition – Bundled cyber insurance + tools
  • Hub International – Multi-carrier brokerage
  • Others: Aviva, Sovereign, Zurich, Travelers, AXA XL

Section 2: Pre-Breach Readiness Requirements


To qualify for coverage and future claims, your organization should maintain:

A. Endpoint and Network Protection:


B. Access Controls:

C. Backup & Recovery:

D. Security Awareness & Policies:

E. Documentation and Assessments:


Section 3: Post-Breach Claim Requirements


After a cyber incident occurs, follow these steps to ensure a valid claim:

Immediate Actions:

Evidence Collection:



Communication:

Documentation for Claim Submission:



Notes for MSPs

  • Keep client records of tools deployed, patch history, and training logs
  • Help clients prepare cyber questionnaires annually
  • Monitor backups and test regularly
  • Offer quarterly security reviews to align with insurance requirements

Prepared by:
Contact:
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