The Risk Isn’t If.
It’s When.

Ransomware. Social engineering. Data theft.

Cyberattacks are no longer a tech issue – they’re a business issue. Whether you’re a fintech firm, SaaS company, life sciences innovator, or run digital infrastructure, your exposure is real.

Most attacks don’t start with a brute-force hack – they start with a mistake. A clicked link. A reused password. A missed update. Cyber insurance helps you recover when those cracks get exploited. But more than that, it gives you the people, tools, and backing to respond in real time, contain the damage, and keep your business moving.

Axis offers tailored cyber insurance backed by global insurers and a 24/7 response team. We work with clients across Canada and globally to secure what matters most: your operations, your data, and your reputation.

How the Right Policy Responds

Coverage That Moves as Fast as the Threat. Cyber insurance policies can include:

Ransomware & Extortion Coverage

A ransomware attack can paralyze your operations and lock you out of your own data. This coverage helps recover lost files, pays for ransom negotiations (where legally permitted), and ensures you have experienced support coordinating restoration response.

Business Interruption & Operational Loss Recovery

Cyberattacks don’t just breach data – they disrupt business. This coverage helps replace lost income due to system downtime, supply chain interruption, or delayed transactions, keeping your business financially stable while operations are restored.

Funds Transfer Fraud & Social Engineering

When threat actors impersonate executives or vendors and trick staff into wiring funds to the wrong place, traditional crime policies often fall short. This coverage steps in to recover stolen funds and provides support to tighten internal processes against future fraud.

Data Breach Response, Including Legal, PR, & Notification Costs

If personal or confidential data is exposed, time matters. This coverage funds the legal guidance, crisis PR, notification, credit monitoring, and regulatory response services required to meet obligations and preserve your brand reputation.

Third-party Liability for Privacy Violations or IP Disputes

If a client or partner claims your company failed to protect their data or misused intellectual property, this coverage responds. It helps with defense costs, settlements, and damages stemming from alleged negligence or violations tied to a cyber event.

24/7 Incident Response & Forensic Support

When a cyberattack hits, you need expert help on call. This coverage gives you immediate access to forensic analysts, breach coaches, negotiators, and recovery teams – working around the clock to contain the damage and guide your next move.

Cloud, Network, & System Failure Coverage

When cloud platforms, network infrastructure, or third-party providers go down, the impact can ripple across your business. This coverage helps recover lost income and expenses tied to technology failures – whether caused by cyberattacks or service disruptions beyond your control.

System Outage Insurance

Not all downtime is malicious – but it can still be costly. This coverage addresses outages caused by internal errors, failed software updates, or IT misconfigurations, helping you cover losses and get back online without unnecessary delays or financial strain.

Know Your Exposure. Quote Your Coverage.

We’ll assess your exposure, review your current protection, and provide cyber insurance that fits your business – no matter the complexity.

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Risk Management Response & Support

Cyber insurance isn’t just reimbursement – it’s access to elite crisis teams the moment you need them. What happens when you file a claim?

Immediate Response

Your insurer activates breach coaches, legal teams, and forensic specialists within hours. This early mobilization ensures you’re not facing the crisis alone – and every minute saved reduces the potential scale of loss and liability.

Investigation

Experts trace the breach to identify how it happened, what systems were affected, and whether data was exfiltrated. This step is critical not only to stop the attack, but also to preserve forensic evidence, fulfill legal obligations, and harden your environment for the future.

Notification & Negotiation

Legal teams handle regulatory notifications and disclosures to clients or third parties. If ransom demands are involved, experienced negotiators may engage with attackers to reduce payment demands or buy time while restoration plans are executed.

Recovery & Restoration

Clean systems are rebuilt, backups are restored, and affected infrastructure is validated before resuming operations. The goal isn’t just to get back online – but to do it safely, with assurance that the threat has been contained.

Claim Payout

Your policy responds with financial protection across multiple fronts: business interruption losses, legal and regulatory costs, public relations support, third-party liability claims, and – when necessary – extortion payments. The right coverage turns disruption into resilience.

Get In Touch
Speak to a Specialist

We’ll assess your exposure, review your current protection, and provide cyber insurance that fits your business – no matter the complexity.

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Frequently Asked Questions & Further Insights

Healthcare is a prime target for cyberattacks, consistently topping the list of industries with the highest breach costs. According to IBM’s Cost of a Data Breach Report 2024, the healthcare sector faced an average breach cost of USD 9.7 million last year.[1] While this reflects a 10.6% decrease from 2023, the sector has remained the costliest for breaches since 2011. The stakes are incredibly high: patient safety, operational continuity, and trust all hang in the balance.  This isn’t just about financial losses; it’s about the potential disruption to critical services and the compromise of sensitive patient information.

Funds Transfer Fraud involves a variety of deceptive schemes whereby a threat actor convinces an unsuspecting victim to transfer funds to another party under fraudulent circumstances. Threat actors exploit trust and complacency to manipulate victims into transferring funds electronically leading to financial losses.

Not at all. Any business that uses email, stores data, processes payments, or relies on cloud platforms is exposed. In fact, small to mid-sized companies are often the most targeted – attackers know they’re less likely to have in-house cyber teams or mature controls in place.

Yes. Even best-in-class security can’t guarantee prevention. Cyber insurance complements your defenses by covering what happens after a breach – like legal fallout, business interruption, customer notification, or ransomware negotiation. It’s risk transfer, not a substitute for controls.

A strong cyber policy covers both first-party and third-party costs. That includes things like ransomware response, data restoration, legal and regulatory expenses, crisis PR, business downtime, and lawsuits from clients or vendors. It also gives you access to top-tier breach response teams from day one.