Practical cybersecurity insights for Canadian small and mid-sized businesses.
This Month’s Focus: Cyber Insurance, Compliance & Security Readiness
Cyber insurance has become an important safeguard for many Canadian businesses—but qualifying for coverage is no longer as simple as filling out an application.
Insurers are asking tougher questions about cybersecurity controls, incident response planning, employee awareness training, and identity management. In many cases, organizations without basic protections in place are facing higher premiums, coverage exclusions, or declined applications altogether.
Whether you're renewing an existing policy or considering cyber insurance for the first time, the best way to improve your position isn't paperwork—it's preparation.
This month, we're looking at the security controls, governance practices, and operational safeguards that help businesses reduce risk and demonstrate readiness.
From the Contego Blog: Why Cyber Insurance Providers Are Pushing Canadian SMBs to Tighten Security
If you’re running a small business in Canada, you’ve probably noticed something different about your cyber insurance policy renewal this year.
What used to be a quick form and an affordable premium now comes with more questions, higher costs, and, in some cases—outright denial of coverage.
Why? Because insurers are seeing an increase in claims from small businesses—and they’re tightening security requirements to reduce risk.
Fusion Cyber Group Introduces Cybersecurity Guarantee to Align Its Success With Client Protection Outcomes
Fusion Cyber Group, a Canadian Managed Security Service Provider (MSSP), Managed Service Provider (MSP), and value-added cybersecurity distributor, today announced its Cybersecurity Guarantee, a financially backed commitment designed to align Fusion’s priorities with the security outcomes of its managed cybersecurity clients. The guarantee is not an insurance policy. It is not a traditional cyber warranty. It is a client-alignment model that reinforces Fusion Cyber Group’s confidence in its advanced multilayered managed cybersecurity plans.
Insurance Bureau of Canada (IBC) issued fresh guidance last week urging businesses to evaluate their exposure to cyberattacks, warning that companies handling sensitive customer data, processing online payments or relying heavily on digital infrastructure face heightened risk.
The advisory, written by Mahan Azimi, IBC's director of catastrophic and emerging risk policy, points businesses toward a free 10-question Cyber Insurance Assessment to gauge readiness for coverage.
Do you have documented security policies that reflect how your business actually operates?
Is multi-factor authentication enabled for all critical business accounts?
Would you be able to provide evidence of your security controls if an insurer or client requested it?
Has your incident response plan been reviewed within the past year?
Are employees receiving regular security awareness training?
Book a Security Review
Whether you're preparing for a cyber insurance renewal, responding to customer security questionnaires, or simply strengthening your security posture, having the right controls in place makes all the difference.
Book a consultation with Contego to evaluate your current readiness and identify practical improvements.
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