{"id":20193,"date":"2018-06-29T12:25:15","date_gmt":"2018-06-29T16:25:15","guid":{"rendered":"https:\/\/www.assur360.ca\/blog\/home-insurance-in-quebec-2\/cyber-risk-insurance\/"},"modified":"2026-06-26T01:09:07","modified_gmt":"2026-06-26T05:09:07","slug":"cyber-risk-insurance","status":"publish","type":"post","link":"https:\/\/www.assur360.ca\/en\/blog\/insurance\/cyber-risk-insurance\/","title":{"rendered":"Cyber Risk Insurance in Quebec: Complete Guide for Businesses (2026)"},"content":{"rendered":"\n<script type=\"application\/ld+json\">\n{\"@context\": \"https:\/\/schema.org\", \"@type\": \"Article\", \"@id\": \"https:\/\/www.assur360.ca\/blog\/assurance\/cyber-risque\/#article\", \"headline\": \"Cyber Risk Insurance in Quebec: A Complete Guide for Businesses (2026)\", \"url\": \"https:\/\/www.assur360.ca\/blog\/assurance\/cyber-risque\/\", \"datePublished\": \"2018-06-29T12:25:15\", \"dateModified\": \"2026-04-10T14:00:00\", \"author\": {\"@type\": \"Person\", \"name\": \"Jean Boissonneault\", \"url\": \"https:\/\/www.assur360.ca\/blog\/author\/admin\/\", \"description\": \"Jean Boissonneault, certified AMF insurance broker (n\u00ba 2000037336), owner of Assur360.\", \"hasCredential\": {\"@type\": \"EducationalOccupationalCredential\", \"credentialCategory\": \"Property and Casualty Insurance Firm License (n\u00ba 2000037336)\", \"recognizedBy\": {\"@type\": \"Organization\", \"name\": \"Autorit\u00e9 des march\u00e9s financiers\", \"url\": \"https:\/\/lautorite.qc.ca\"}}}, \"publisher\": {\"@type\": \"Organization\", \"name\": \"Assur360\", \"url\": \"https:\/\/www.assur360.ca\", \"logo\": {\"@type\": \"ImageObject\", \"url\": \"https:\/\/www.assur360.ca\/wp-content\/uploads\/2024\/01\/assur360-logo.png\"}}, \"inLanguage\": \"fr-CA\", \"description\": \"Complete guide to cyber risk insurance in Quebec in 2026: coverage, prices, statistics on cyberattacks, 10 FAQs, and free quote for SMEs.\"}\n<\/script>\n<script type=\"application\/ld+json\">\n{\"@context\": \"https:\/\/schema.org\", \"@type\": \"FAQPage\", \"mainEntity\": [{\"@type\": \"Question\", \"name\": \"What is cyber risk insurance?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Cyber risk insurance (also known as cybersecurity insurance or cyber insurance) is coverage that protects your business against <strong>financial losses related to cyberattacks. It covers data restoration costs, loss of income, legal fees, regulatory fines, and customer notification costs in the event of a data breach.\"}}, {\"@type\": \"Question\", \"name\": \"How much does cyber risk insurance cost in Quebec in 2026?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"The price varies depending on the size of the business and the level of risk. On average: <\/strong><strong>$500 to $1,500\/year for an SME with fewer than 50 employees, <\/strong><strong>$1,500 to $5,000\/year for a business with 50 to 250 employees, and <\/strong><strong>$5,000 to $25,000+\/year for large companies. The industry sector, the volume of personal data, and the security measures in place influence the price.\"}}, {\"@type\": \"Question\", \"name\": \"Is cyber risk insurance mandatory in Quebec?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"No, it is not legally required. However, since the enactment of the <\/strong><strong>Bill 25 (Act on the Protection of Personal Information) in September 2023, Quebec businesses have strict obligations regarding data protection. In the event of a breach, fines can reach <\/strong><strong>$25 million. Cyber risk insurance has thus become almost essential.\"}}, {\"@type\": \"Question\", \"name\": \"What does cyber risk insurance cover?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Typical coverages include: <\/strong><strong>1) Data and system restoration costs; <\/strong><strong>2) Loss of income (business interruption); <\/strong><strong>3) Ransomware (ransom payment and negotiation fees); <\/strong><strong>4) Notification costs to affected individuals; <\/strong><strong>5) Legal fees and regulatory fines; <\/strong><strong>6) Liability in the event of a data breach; <\/strong><strong>7) Crisis management and public relations costs; <\/strong><strong>8) Social engineering fraud (phishing).\"}}, {\"@type\": \"Question\", \"name\": \"What types of businesses need cyber risk insurance?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Any business that uses technology \u2014 which includes virtually all SMEs in 2026. The most exposed sectors are: <\/strong><strong>e-commerce, <\/strong><strong>financial services, <\/strong><strong>healthcare, <\/strong><strong>professional services (accountants, lawyers), <\/strong><strong>manufacturers, and any business that stores personal data of customers or employees.\"}}, {\"@type\": \"Question\", \"name\": \"What is ransomware and am I covered?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Ransomware is malicious software that encrypts your data and demands a ransom to unlock it. In 2025, the average cost of a ransomware attack in Canada was <\/strong><strong>$1.2 million. Most cyber risk insurance policies cover: the ransom payment (if necessary), negotiation fees with the attackers, system restoration, and loss of income during the interruption.\"}}, {\"@type\": \"Question\", \"name\": \"Does general liability insurance cover cyberattacks?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"No. General liability insurance generally excludes <\/strong><strong>incidents related to digital data. Traditional policies cover bodily injury and property damage, not data breaches or IT interruptions. You need a separate cyber risk insurance policy for this coverage.\"}}, {\"@type\": \"Question\", \"name\": \"How does Bill 25 affect my business?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"The <\/strong><strong>Bill 25 requires Quebec businesses to: adequately protect personal information, report any breach to the Commission d'acc\u00e8s \u00e0 l'information within <\/strong><strong>72 hours, notify affected individuals, maintain an incident log, and appoint a person responsible for information protection. Fines range from <\/strong><strong>$15,000 to $25 million. Cyber risk insurance covers the costs related to these obligations.\"}}, {\"@type\": \"Question\", \"name\": \"What preventive measures can reduce my premium?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Insurers offer better rates if you demonstrate good practices: <\/strong><strong>1) Multi-factor authentication (MFA); <\/strong><strong>2) Regular and tested backups; <\/strong><strong>3) Employee training in cybersecurity; <\/strong><strong>4) Up-to-date firewalls and antivirus; <\/strong><strong>5) Documented incident response plan; <\/strong><strong>6) Encryption of sensitive data; <\/strong><strong>7) Annual penetration testing. These measures can reduce your premium by <\/strong><strong>10% to 25%.\"}}, {\"@type\": \"Question\", \"name\": \"How long does it take to get a cyber risk insurance quote?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"With Assur360, you can get a <a href=\\\"https:\/\/www.assur360.ca\/en\/online-boat-quote\/\\\">free quote in just a few minutes. A certified AMF insurance broker will analyze your risk profile and compare offers from multiple insurers to find the best coverage at the best price. The service is free and without obligation.\"}}]}\n<\/a><\/strong><\/script> \n\n<div style=\"background:linear-gradient(135deg,#0d1f2d,#1a3a4a);border-radius:16px;padding:40px 36px;margin:32px auto;box-shadow:0 10px 30px rgba(13,31,45,0.18);max-width:100%;\">\n  <div style=\"display:flex;gap:32px;align-items:center;justify-content:center;flex-wrap:wrap;\">\n    <div style=\"flex:1 1 380px;min-width:280px;text-align:left;\">\n      <p style=\"color:#10c4c7;font-size:13px;font-weight:700;text-transform:uppercase;letter-spacing:3px;margin:0 0 10px;\">COMPANY<\/p>\n      <p style=\"color:#ffffff;font-size:28px;font-weight:800;margin:0 0 12px;line-height:1.25;font-family:inherit;\">Tailor-made business insurance<\/p>\n      <p style=\"color:#94a3b8;font-size:16px;line-height:1.6;margin:0 0 22px;\">Liability, property, business interruption: comprehensive protection for SMEs.<\/p>\n      <div style=\"display:flex;gap:10px;flex-wrap:wrap;\">\n        <a href=\"https:\/\/www.assur360.ca\/en\/online-business-insurance-quote\/\" style=\"background:#10c4c7;color:#0d1f2d;padding:14px 26px;border-radius:8px;font-weight:700;text-decoration:none;font-size:15px;display:inline-block;\">Company<\/a>\n Quote<a href=\"tel:+18663574451\" style=\"background:transparent;color:#ffffff;padding:14px 26px;border-radius:8px;font-weight:700;text-decoration:none;font-size:15px;display:inline-block;border:2px solid #ffffff;\">\ud83d\udcde 1-866-357-4451<\/a>        \n      <\/div>\n    <\/div>\n    <div style=\"flex:0 0 240px;text-align:center;\"><img decoding=\"async\" src=\"https:\/\/spcdn.shortpixel.ai\/spio\/ret_img,q_cdnize,to_auto,s_webp:avif\/www.assur360.ca\/wp-content\/uploads\/2025\/05\/orso-meilleur-courtier-dassurance-entreprise-a-montreal.png\" alt=\"Orso, business insurance broker in Montreal\" style=\"max-width:240px;width:100%;height:auto;display:block;margin:0 auto;filter:drop-shadow(0 6px 16px rgba(16,196,199,0.3));\" loading=\"lazy\"\/><\/div>\n  <\/div>\n<\/div>\n\n<p class=\"wp-block-paragraph\">Cyberattacks against Quebec companies have exploded in recent years. In 2025, <strong>43% of Canadian SMEs<\/strong> were victims of at least one cybersecurity incident. The average cost of a data breach in Canada is <strong>$5.6 million<\/strong>. Cyber risk insurance has become an essential financial shield for any company that uses technology \u2014 that is, all companies.   <\/p>\n\n<div class=\"wp-block-group is-layout-constrained wp-container-core-group-is-layout-d6b9e94e wp-block-group-is-layout-constrained\" style=\"border-radius:16px;padding-top:40px;padding-right:40px;padding-bottom:40px;padding-left:40px;background:linear-gradient(135deg, #0d1f2d 0%, #1a3a4a 100%)\">\n\n\n<p class=\"has-text-align-center has-text-color wp-block-paragraph\" style=\"color:#ffffff;font-size:24px;font-style:normal;font-weight:700\">Protect your business from cyberattacks<\/p>\n\n\n\n<p class=\"has-text-align-center has-text-color wp-block-paragraph\" style=\"color:#94a3b8\">Free quote in minutes. AMF certified broker. No obligation.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3e41869c wp-block-buttons-is-layout-flex\">\n\n<div class=\"wp-block-button has-custom-font-size\" style=\"font-size:18px;font-style:normal;font-weight:700\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/www.assur360.ca\/en\/online-boat-quote\/\" style=\"border-radius:30px;background-color:#10c4c7;padding-top:16px;padding-right:48px;padding-bottom:16px;padding-left:48px\">Get my cyber quote<\/a><\/div>\n\n<\/div>\n\n\n<\/div>\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">sommaire interactif<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #5b5b5b;color:#5b5b5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #5b5b5b;color:#5b5b5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.assur360.ca\/en\/blog\/insurance\/cyber-risk-insurance\/#What-is-cyber-risk-insurance\" >What is cyber risk insurance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.assur360.ca\/en\/blog\/insurance\/cyber-risk-insurance\/#Why-Your-Business-Needs-Cyber-Risk-Insurance-in-2026\" >Why Your Business Needs Cyber Risk Insurance in 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.assur360.ca\/en\/blog\/insurance\/cyber-risk-insurance\/#What-Cyber-Risk-Insurance-Covers\" >What Cyber Risk Insurance Covers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.assur360.ca\/en\/blog\/insurance\/cyber-risk-insurance\/#How-much-does-cyber-risk-insurance-cost-in-Quebec\" >How much does cyber risk insurance cost in Quebec?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.assur360.ca\/en\/blog\/insurance\/cyber-risk-insurance\/#Which-companies-are-most-exposed-to-cyber-risks\" >Which companies are most exposed to cyber risks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.assur360.ca\/en\/blog\/insurance\/cyber-risk-insurance\/#The-main-cyber-threats-for-Quebec-SMEs\" >The main cyber threats for Quebec SMEs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.assur360.ca\/en\/blog\/insurance\/cyber-risk-insurance\/#To-be-read\" >To be read<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-is-cyber-risk-insurance\"><\/span>What is cyber risk insurance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p class=\"wp-block-paragraph\"><strong>Cyber risk insurance<\/strong> (also known as cyber security insurance, cyber insurance or cyber insurance) is coverage that protects your business against financial losses caused by computer incidents: hacking, ransomware, data leaks, online fraud and service interruption.<\/p>\n\n<p class=\"wp-block-paragraph\">Unlike <a href=\"https:\/\/www.assur360.ca\/en\/business-insurance-3-minute-quote\/\">traditional business insurance<\/a> (general liability, property), cyber insurance specifically covers <strong>digital and informational damage<\/strong> that is excluded from conventional policies.<\/p>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why-Your-Business-Needs-Cyber-Risk-Insurance-in-2026\"><\/span>Why Your Business Needs Cyber Risk Insurance in 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p class=\"wp-block-paragraph\">Three realities make this insurance essential for Quebec SMEs:<\/p>\n\n<h3 class=\"wp-block-heading\">1. The explosion of cyberattacks in Canada<\/h3>\n\n<ul class=\"wp-block-list\">\n\n<li><strong>43% of Canadian SMEs<\/strong> were victims of an incident in 2025<\/li>\n\n\n<li>The average cost of a data breach in Canada: <strong>$5.6 million<\/strong><\/li>\n\n\n<li>Ransomware attacks have increased by <strong>150%<\/strong> since 2022<\/li>\n\n\n<li><strong>60% of SMBs<\/strong> that are victims of a major cyberattack close within 6 months<\/li>\n\n<\/ul>\n\n<h3 class=\"wp-block-heading\">2. Quebec&#8217;s Bill 25 \u2014 Strict Obligations<\/h3>\n\n<p class=\"wp-block-paragraph\">Since September 2023, <strong>Bill 25<\/strong> (Act respecting the protection of personal information in the private sector) requires Quebec companies:<\/p>\n\n<ul class=\"wp-block-list\">\n\n<li>Report any data leak to the Commission d&#8217;acc\u00e8s \u00e0 l&#8217;information <strong>within 72 hours<\/strong><\/li>\n\n\n<li>Notify all affected individuals individually<\/li>\n\n\n<li>Keeping a record of confidentiality incidents<\/li>\n\n\n<li>Appointing an Information Protection Officer<\/li>\n\n\n<li>Fines: <strong>$15,000 to $25 million<\/strong> for non-compliance<\/li>\n\n<\/ul>\n\n<p class=\"wp-block-paragraph\">Cyber risk insurance covers the costs of these obligations: notice, investigation, fines, and legal fees.<\/p>\n\n<h3 class=\"wp-block-heading\">3. Your general liability insurance does NOT cover cyberattacks<\/h3>\n\n<p class=\"wp-block-paragraph\">Many contractors believe they are protected by their general liability insurance.  <strong>This is false.<\/strong>  RC policies explicitly exclude incidents related to digital data. If a hacker steals your customers&#8217; data or ransomware cripples your operations, your standard business insurance won&#8217;t pay anything.<\/p>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-Cyber-Risk-Insurance-Covers\"><\/span>What Cyber Risk Insurance Covers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<table class=\"assur360-table\" style=\"width:100%;border-collapse:collapse;font-size:14px;margin:24px 0;\">\n<thead>\n<tr style=\"background:#0d1f2d;color:white;\">\n<th style=\"padding:12px;text-align:left;border:1px solid #1e3a4f;\">Coverage<\/th>\n<th style=\"padding:12px;text-align:left;border:1px solid #1e3a4f;\">What it protects<\/th>\n<th style=\"padding:12px;text-align:left;border:1px solid #1e3a4f;\">Concrete example<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr style=\"border-bottom:1px solid #e2e8f0;\">\n<td style=\"padding:10px;font-weight:600;\">Data<\/td>\n RestorationFees \n <td style=\"padding:10px;\">to recover or recreate lost data<\/td><td style=\"padding:10px;\">Ransomware encrypts your customer files<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;background:#f8fafc;\">\n<td style=\"padding:10px;font-weight:600;\">Business<\/td>\n interruption<td style=\"padding:10px;\">Revenue lost during the service<\/td>\n disruption<td style=\"padding:10px;\">Your e-commerce site is offline for 48 hours<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;\">\n<td style=\"padding:10px;font-weight:600;\">Ransomware<\/td>\n<td style=\"padding:10px;\">Ransom payment, negotiation, decryption<\/td>\n<td style=\"padding:10px;\">You&#8217;re being asked for $50,000 to unlock your systems<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;background:#f8fafc;\">\n<td style=\"padding:10px;font-weight:600;\">Notification and Compliance<\/td>\n<td style=\"padding:10px;\">Fees for notifying affected persons (Bill 25)<\/td>\n<td style=\"padding:10px;\">Leak of 10,000 customer files to be notified individually<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;\">\n<td style=\"padding:10px;font-weight:600;\">Cyber<\/td>\n liability<td style=\"padding:10px;\">Third-party lawsuits for leak-related<\/td>\n damages<td style=\"padding:10px;\">A customer sues you for identity theft<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;background:#f8fafc;\">\n<td style=\"padding:10px;font-weight:600;\">Crisis<\/td>\n management<td style=\"padding:10px;\">Public relations, communications, experts<\/td>\n<td style=\"padding:10px;\">Managing your reputation after a high-profile hack<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;\">\n<td style=\"padding:10px;font-weight:600;\">Social<\/td>\n engineering fraud<td style=\"padding:10px;\">Losses due to phishing or CEO<\/td>\n fraud<td style=\"padding:10px;\">Employee transfers $30,000 to fake supplier<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;background:#f8fafc;\">\n<td style=\"padding:10px;font-weight:600;\">Regulatory<\/td>\n Fines<td style=\"padding:10px;\">Penalties imposed by the authorities<\/td>\n<td style=\"padding:10px;\">Fine from the Commission d&#8217;acc\u00e8s \u00e0 l&#8217;information<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-much-does-cyber-risk-insurance-cost-in-Quebec\"><\/span>How much does cyber risk insurance cost in Quebec?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<table class=\"assur360-table\" style=\"width:100%;border-collapse:collapse;font-size:14px;margin:24px 0;\">\n<thead>\n<tr style=\"background:#0d1f2d;color:white;\">\n<th style=\"padding:12px;text-align:left;border:1px solid #1e3a4f;\">Company<\/th>\n size<th style=\"padding:12px;text-align:center;border:1px solid #1e3a4f;\">Annual<\/th>\n premium<th style=\"padding:12px;text-align:center;border:1px solid #1e3a4f;\">Typical Limit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr style=\"border-bottom:1px solid #e2e8f0;\">\n<td style=\"padding:10px;font-weight:600;\">Self-employed \/ micro-enterprise<\/td>\n<td style=\"padding:10px;text-align:center;\">$300 \u2014 $<\/td>\n800<td style=\"padding:10px;text-align:center;\">$250,000 \u2014 $500,000<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;background:#f8fafc;\">\n<td style=\"padding:10px;font-weight:600;\">SME (1-50 employees)<\/td>\n<td style=\"padding:10px;text-align:center;\">$500 \u2014 $<\/td>\n1,500<td style=\"padding:10px;text-align:center;\">$500,000 \u2014 $2M<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;\">\n<td style=\"padding:10px;font-weight:600;\">Medium business (50-250 employees)<\/td>\n<td style=\"padding:10px;text-align:center;\">$1,500 \u2014 $<\/td>\n5,000<td style=\"padding:10px;text-align:center;\">$2M \u2014 $5M<\/td>\n<\/tr>\n<tr style=\"border-bottom:1px solid #e2e8f0;background:#f8fafc;\">\n<td style=\"padding:10px;font-weight:600;\">Large company (250+ employees)<\/td>\n<td style=\"padding:10px;text-align:center;\">$5,000 \u2014 $25,000+<\/td>\n<td style=\"padding:10px;text-align:center;\">$5M \u2014 $20M+<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<p class=\"has-text-color wp-block-paragraph\" style=\"color:#64748b;font-size:13px\">Indicative prices for Quebec in 2026. The cost varies depending on the industry, the volume of data, the revenue and the security measures in place.   <a href=\"https:\/\/www.assur360.ca\/en\/online-boat-quote\/\">Get your exact price here.<\/a><\/p>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which-companies-are-most-exposed-to-cyber-risks\"><\/span>Which companies are most exposed to cyber risks?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p class=\"wp-block-paragraph\">Any business that uses a computer, email or payment system is at risk. But certain sectors are particularly targeted:<\/p>\n\n<ul class=\"wp-block-list\">\n\n<li><strong>E-commerce \u2014<\/strong> Credit card data, large customer databases<\/li>\n\n\n<li><strong>Professional services<\/strong> \u2014 Accountants, lawyers, notaries: confidential client data<\/li>\n\n\n<li><strong>Health and Clinics<\/strong> \u2014 Medical Records, Sensitive Data Protected by Bill 25<\/li>\n\n\n<li><strong>Manufacturers<\/strong> \u2014 Connected Industrial Systems, Intellectual Property<\/li>\n\n\n<li><strong>Financial Services<\/strong> \u2014 Banking Data Is a Target for Hackers<\/li>\n\n\n<li><strong>Restaurants and retail \u2013 Payment terminals<\/strong> , customer lists<\/li>\n\n\n<li><strong>Non-Profit Organizations<\/strong> \u2014 Often Less Protected, Donor Data<\/li>\n\n<\/ul>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The-main-cyber-threats-for-Quebec-SMEs\"><\/span>The main cyber threats for Quebec SMEs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<h3 class=\"wp-block-heading\">Ransomware<\/h3>\n\n<p class=\"wp-block-paragraph\">Ransomware encrypts all your files and demands a ransom (often in cryptocurrency) to unlock them. The average cost of an attack in Canada in 2025: <strong>$1.2 million<\/strong> (including ransom, production shutdown, and restoration). SMBs are prime targets because they often have weaker defenses than large companies.  <\/p>\n\n<h3 class=\"wp-block-heading\">Phishing<\/h3>\n\n<p class=\"wp-block-paragraph\">Fraudulent emails imitate your suppliers, bank, or colleagues to steal your credentials or get you to transfer money. <strong>91% of cyberattacks start with an email<\/strong>. CEO fraud (a hacker impersonating the executive and requesting an urgent transfer) is particularly common. <\/p>\n\n<h3 class=\"wp-block-heading\">Data Leakage<\/h3>\n\n<p class=\"wp-block-paragraph\">Cyber risk insurance is not mandatory in Quebec, but it is highly recommended for businesses to protect themselves against potential financial losses from cyberattacks.<\/p>\n\n<p class=\"wp-block-paragraph\">No, it is not mandatory by law. However, since the coming into force of <strong>Bill 25<\/strong> (Act respecting the protection of personal information) in September 2023, Quebec companies have strict data protection obligations. In the event of a leak, fines can reach <strong>$25 million<\/strong>. Cyber risk insurance has therefore become almost indispensable.   <\/p>\n<\/details>\n<!-- \/wp:post-content --><!-- wp:details {\"translatedWithWPMLTM\":\"1\"} -->\n<details class=\"wp-block-details\"><summary>What does cyber risk insurance cover?<\/summary><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Typical coverages include: <strong>1)<\/strong> Data and system recovery costs; <strong>2)<\/strong> Loss of income (business interruption); <strong>3)<\/strong> Ransomware (ransom payment and trading fees); <strong>(4)<\/strong> Costs of notification to affected persons; <strong>5)<\/strong> Legal fees and regulatory fines; <strong>6)<\/strong> Civil liability in the event of a data leak; <strong>7)<\/strong> Crisis management and public relations costs; <strong>8)<\/strong> Social engineering fraud (phishing).<\/p>\n<!-- \/wp:paragraph --><\/details>\n<!-- \/wp:details --><!-- wp:details {\"translatedWithWPMLTM\":\"1\"} -->\n<details class=\"wp-block-details\"><summary>What types of businesses need cyber risk insurance?<\/summary><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Any business that uses technology \u2014 which includes virtually all SMBs in 2026. The most exposed sectors are: <strong>e-commerce<\/strong>, <strong>financial services<\/strong>, <strong>health<\/strong>, <strong>professional services<\/strong> ( <strong>accountants, lawyers), manufacturers<\/strong> and any company that stores personal data of customers or employees. <\/p>\n<!-- \/wp:paragraph --><\/details>\n<!-- \/wp:details --><!-- wp:details {\"translatedWithWPMLTM\":\"1\"} -->\n<details class=\"wp-block-details\"><summary>What is ransomware and am I covered?<\/summary><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Ransomware is malicious software that encrypts your data and demands a ransom to unlock it. In 2025, the average cost of a ransomware attack in Canada was <strong>$1.2 million<\/strong>. Most cyber risk insurance policies cover: ransom payment (if necessary), negotiation fees with attackers, system restoration, and loss of revenue during the outage.  <\/p>\n<!-- \/wp:paragraph --><\/details>\n<!-- \/wp:details --><!-- wp:details {\"translatedWithWPMLTM\":\"1\"} -->\n<details class=\"wp-block-details\"><summary>Does general liability insurance cover cyberattacks?<\/summary><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>No. General liability insurance generally excludes <strong>incidents related to digital data<\/strong>. Traditional policies cover bodily injury and property damage, not data leaks or computer interruptions. You need a separate cyber risk insurance policy for this coverage.  <\/p>\n<!-- \/wp:paragraph --><\/details>\n<!-- \/wp:details --><!-- wp:details {\"translatedWithWPMLTM\":\"1\"} -->\n<details class=\"wp-block-details\"><summary>How does Quebec&#8217;s Bill 25 affect my business?<\/summary><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p><strong>Bill 25<\/strong> requires Quebec companies to: adequately protect personal information, report any leak to the Commission d&#8217;acc\u00e8s \u00e0 l&#8217;information within <strong>72 hours<\/strong>, notify affected individuals, keep a record of incidents and appoint an information protection officer. Fines range from <strong>$15,000 to $25 million<\/strong>. Cyber risk insurance covers the costs associated with these obligations.  <\/p>\n<!-- \/wp:paragraph --><\/details>\n<!-- \/wp:details --><!-- wp:details {\"translatedWithWPMLTM\":\"1\"} -->\n<details class=\"wp-block-details\"><summary>What preventive measures can reduce my premium?<\/summary><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>Insurers offer better rates if you demonstrate good practices: <strong>1)<\/strong> Multi-factor authentication (MFA); <strong>2)<\/strong> Regular and tested backups; <strong>3)<\/strong> Employee training in cybersecurity; <strong>4)<\/strong> Up-to-date firewall and antivirus; <strong>5)<\/strong> Documented incident response plan; <strong>6)<\/strong> Encryption of sensitive data; <strong>7)<\/strong> Annual penetration tests. These measures can reduce your premium by <strong>10 to 25%.<\/strong> <\/p>\n<!-- \/wp:paragraph --><\/details>\n<!-- \/wp:details --><!-- wp:details {\"translatedWithWPMLTM\":\"1\"} -->\n<details class=\"wp-block-details\"><summary>How long does a cyber risk insurance quote take?<\/summary><!-- wp:paragraph {\"translatedWithWPMLTM\":\"1\"} -->\n<p>With Assur360, you can get a <a href=\"https:\/\/www.assur360.ca\/en\/online-boat-quote\/\">free quote in minutes<\/a>. An AMF-certified broker will analyze your risk profile and compare the offers of several insurers to find the best coverage at the best price. The service is free and without obligation.  <\/p>\n<!-- \/wp:paragraph --><\/details>\n<!-- \/wp:details --><!-- wp:heading {\"translatedWithWPMLTM\":\"1\"} -->\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"To-be-read\"><\/span>To be read<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<!-- \/wp:heading --><!-- wp:list -->\n<ul class=\"wp-block-list\">\n<!-- wp:list-item {\"translatedWithWPMLTM\":\"1\"} -->\n<li><a href=\"https:\/\/www.assur360.ca\/en\/business-insurance-3-minute-quote\/\">Business Insurance in Quebec \u2014 All Our Products<\/a><\/li>\n<!-- \/wp:list-item -->\n<!-- wp:list-item {\"translatedWithWPMLTM\":\"1\"} -->\n<li><a href=\"https:\/\/www.assur360.ca\/en\/business-insurance-3-minute-quote\/cybersecurity-insurance-compare-offers\/\">Insurance for cybersecurity firms (professional liability)<\/a><\/li>\n<!-- \/wp:list-item -->\n<!-- wp:list-item {\"translatedWithWPMLTM\":\"1\"} -->\n<li><a href=\"https:\/\/www.assur360.ca\/en\/?page_id=21197\">Cybersecurity Company Liability Insurance<\/a><\/li>\n<!-- \/wp:list-item -->\n<!-- wp:list-item {\"translatedWithWPMLTM\":\"1\"} -->\n<li><a href=\"https:\/\/www.assur360.ca\/en\/equipment-breakdown-insurance-quick-quote\/\">Equipment Breakdown Insurance<\/a><\/li>\n<!-- \/wp:list-item -->\n<!-- wp:list-item {\"translatedWithWPMLTM\":\"1\"} -->\n<li><a href=\"https:\/\/www.assur360.ca\/en\/online-boat-quote\/\">Online business insurance quote<\/a><\/li>\n<!-- \/wp:list-item -->\n<\/ul>\n<!-- \/wp:list -->","protected":false},"excerpt":{"rendered":"<p>Cyberattacks against Quebec companies have exploded in recent years. In 2025, 43% of Canadian SMEs were victims of at least one cybersecurity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"Cyber Risk Insurance Quebec 2026 \u2014 Prices, Coverage and SME Quote","_seopress_titles_desc":"Cyber risk insurance in Quebec: prices starting at $300\/year, ransomware coverage and Bill 25, 10 FAQs. Compare via AMF partner firms. ","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"Array","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"Cyber risk insurance","_seopress_social_fb_desc":"Protect your business from cyberattacks. Cyber risk insurance in Quebec. AMF certified broker. Free quote.   ","_seopress_social_fb_img":"https:\/\/www.assur360.ca\/wp-content\/uploads\/2018\/06\/courtier-assurance-cyber-risques.png","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"Cyber risk insurance","_seopress_social_twitter_desc":"Protect your business from cyberattacks. Cyber risk insurance in Quebec. AMF certified broker. Submission...","_seopress_social_twitter_img":"https:\/\/www.assur360.ca\/wp-content\/uploads\/2018\/06\/courtier-assurance-cyber-risques.png","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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