NFP is introducing a new cybersecurity product to suit the personalized coverage needs of individuals.
The broker’s new DigitalShield offering was made possible thanks to NFP’s partnership with cyber-specialist claims management provider CyberScout. DigitalShield provides protection for a variety of cyber vulnerabilities, with coverage for eight particular risks – cyberattacks, ransomware, identity theft, cybercrime, smart devices and wearables, cyber bullying, reputation coverage, and cyberstalking.
DigitalShield offers coverages from $100,000 to $1 million. It is now available in Canada, with plans to launch in the US later this year.
“We’re excited to offer DigitalShield to our clients and help them address an increasingly urgent issue,” said NFP Canada managing director of private client group Brian Timmis. “As online threats and data breaches continue to rise, protecting our clients from cyberattacks has become a top priority. By offering DigitalShield, we can work to protect clients from the most common cyberattacks with a comprehensive and cost-efficient product.”
“NFP is focused on providing innovative solutions that address our clients’ rapidly evolving needs,” added NFP managing director and cyber technical leader Elissa Doroff. “DigitalShield addresses the cyber risk challenges clients face by mitigating the risk and protecting crucial information in an all-inclusive coverage package.”