Chubb Insurance has now brought their cyberbullying coverage to Canada, which is a sobering reminder that threats to your safety and that of your family’s are not always tangible.
"Technology is an integral part of our daily lives. It connects us and facilitates communication," said Paul Johnstone, Senior Vice President, Chubb Personal Risk Services Canada in an interview earlier this month. "But technology can also be a gateway to risk. Cyberbullying, including online threats and harassment, can create reputational damage and cause financial loss and emotional harm. Chubb's new cyberbullying coverage can help protect the people who are most important to you."
It may be hard to conceive but a reputation, a life or a career can be ruined with a few simple clicks on a computer screen. Cyberbullying is not the stereotypical image of children mocking each other over the internet. Slanderous material posted about someone could be considered cyberbullying and could have negative consequences on a person’s life.
In comes Chubb with a solution, a way to protect against unlikely threats that do not have to do with property damage. Chubb offers a family protection coverage called Masterpiece®which includes protection against home invasion, child abduction, carjacking, stalking, threats, and now cyberbullying.
This new coverage offers up to $60,000 in compensation for any expenses incurred from an occurrence of cyberbullying. Expenses like, therapy to deal with any mental trauma, or legal fees, compensation for lost wages, temporary relocation, etc.
Although the protection may seem unconventional to some, in the past year Chubb has already brought the coverage to the USA and the UK, and so it would seem that a lot of people carry the concern of cyberbullying affecting their lives.
The idea that we now may require protection against the harms of the internet however, raises a whole new set of questions and concerns that fall far beyond insurance. But if we can’t find the solution to cyberbullying yet, the best we can do is protect against it.
Gary M. Kisch Operations Manager InCAD CorporationRead more »