Foire aux questions

To reduce your CGL insurance premiums in Quebec, implement a risk management program, opt for a higher deductible, consolidate your commercial insurance policies, and invest in safety training and risk prevention. Consult your insurance broker for personalized advice.

Common exclusions from a liability policy in Canada include intentional damage, professional liability (covered by errors and omissions insurance), asbestos or pollution claims and cyber risks. Read your liability insurance contract carefully and discuss exclusions with your insurance broker.

While general liability insurance is not legally required for all Canadian businesses, many commercial contracts, leases, and clients require it. In Quebec, certain regulated professions may need liability insurance as a condition of practice. Check the specific requirements for your industry.

CGL insurance in Quebec protects your business against claims for bodily injury, property damage and personal injury resulting from your operations, products or services. This commercial insurance coverage is essential to protect your Quebec company's assets and reputation in the event of a lawsuit.

Although the basic principles of liability insurance are similar, Quebec follows the Civil Code, while the rest of Canada uses the Common Law system. This can affect the interpretation of insurance contracts and the handling of civil liability claims. It is crucial to consult your insurance broker at Covalen with insurance specifics across the different provinces.

The cost of general liability insurance in Quebec varies according to the size of the company, the sector of activity and the level of risk. Liability insurance premiums can range from a few hundred to several thousand dollars annually. A low-risk Quebec SME might pay less, while a large company in a high-risk sector would pay more for its E&O coverage.

It's an approach to IT security that trusts nothing and nobody by default, whether inside or outside the corporate network.

Zero Trust Policy is a security model based on the premise that nothing and no one should automatically be considered trustworthy, whether inside or outside the corporate network. Its main aspects are as follows:

1. Constant verification : Every access, user, or device is checked every time, even if already authorized.
2. Least privilege : Users have access only to those resources strictly necessary for their work.
3. Micro-segmentation : The network is divided into small zones to limit movement in the event of a breach.
4. Multi-factor authentication : Use of several methods to confirm user identity.
5. Continuous monitoring : Real-time analysis of all network behaviour.
6. Generalized encryption : All data is encrypted, whether in motion or at rest.
7. Context-based access policy : Authorizations depend on location, device used, or time of day.

This comprehensive approach helps prevent security breaches by not relying on default elements, thus strengthening the company's overall protection against internal and external cyber threats. The Zero Trust policy's comprehensive nature should instill a sense of security in the audience.

Professional liability insurance generally covers errors and omissions in providing professional services, whereas cyber insurance focuses specifically on data and computer systems risks. Cyber insurance offers specialized coverages such as crisis management in the event of a data breach, which are not included in standard professional liability policies.

Yes, most cyber insurance policies cover incidents caused by employee error, such as clicking on a phishing link or losing an electronic device containing sensitive data. However, employees' intentional malicious acts are generally excluded.

You can reduce your premiums by implementing robust security measures, such as up-to-date firewalls, intrusion detection systems, regular employee cybersecurity training, strong password policies, and regular backups. These measures demonstrate to the insurer that you take cybersecurity seriously.

No, company size is not a determining factor. Small and medium-sized businesses are often prime targets for cybercriminals, as they generally need more resources dedicated to cybersecurity. A cyber attack can devastate a small business, so adequate protection is essential.

Cyber insurance typically covers costs related to data breaches, business interruptions caused by cyber attacks, ransomware extortion, customer notification costs, legal fees and reputational damage. It can also include coverage for financial losses due to cybercrime.