A cyber warranty is a financial protection product that backs specific cybersecurity tools or services. It guarantees compensation (up to a defined limit) if those security tools fail and a cyberattack or data breach occurs.
Think of it as:
A limited financial safety net that comes with cybersecurity software or platforms— but only if you use their product properly and follow their security guidelines.
What Does a Cyber Warranty Cover?
Depending on the provider, coverage may include:
- Ransomware recovery
- Data restoration costs
- Business interruption
- Breach response costs (legal, forensic, PR)
- Regulatory fines and penalties
- Third-party liability
It’s not full cyber insurance, but it provides quicker, limited reimbursement—often without long claims processes.
Cyber Warranty vs Cyber Insurance
| Feature | Cyber Warranty | Cyber Insurance |
| Backed by | Security vendors | Insurance companies |
| Claim process | Simple and fast (days) | Complex (weeks/months) |
| Requirements | Must use approved security tools | Requires underwriting, risk assessments |
| Coverage limit | Typically up to $250K–$1M | $1M–$10M+ depending on the policy |
| Premium | Included in product price | Paid separately |
| Example providers | Coro, Corkinc, Huntress | Chubb, Cowan, Intact, Beazley, Coalition, etc. |
Who Provides Cyber Warranty in Canada?
Top Providers in Canada:
- Coro.net (Coro Complete)
- Includes a built-in cyber warranty up to $250,000
- Covers ransomware, data loss, downtime, etc.
- Designed for MSPs and SMBs
- Corkinc
- Canadian-based cyber warranty company
- Offers standalone cyber warranty for businesses or MSPs to resell
- Coverage up to $500,000+, depending on tools in use
- Huntress Security Warranty
- US-based, but available through Canadian MSPs
- $100,000–$1M coverage if you follow their security stack
- Other Providers (less common):
- Acronis (select partners)
- Keeper Security (with limited breach guarantee)
- DNSFilter (partner cyber warranties)