Risk & Business Magazine Gamble HUB International Fall 2015 | Page 8

“Small businesses need to ensure
they protect themselves from
these types of attacks by using
proactive and reactive methods,”
says Nathalie Dufresne, Vice
President of Commercial Lines
for Intact Insurance’s Ontario and
Atlantic divisions.
Typical commercial policies do
not cover these types of breaches.
However, customers can easily add
on this coverage, such as Intact
Insurance’s cyber endorsement,
to make sure they are protected.
Most include access to educational
resources to help companies
prevent attacks, so customers
receive value immediately.
These products are typically
administrated by an independent
third-party, like IDT911, who are
experts in the field.

While the monetary expense of a
privacy breach can be detrimental, small
businesses that encounter breaches
may be more impacted by reputational
damage than larger businesses. A report
from Symantec, a security software
company, states that 60 per cent of small
businesses will go under within si