Economical service aims to protect company privacy

The Economical Insurance Group has teamed up with an identity management firm to help small and medium-sized businesses recover after a privacy breach.

With data risk management services provider IDT911, Economical is offering a solution that includes insurance coverage, breach preparation and response services. It also offers 24/7 access to expert guidance on privacy issues, regulatory requirements and steps to take should a breach occur.

“Economical is pleased to be a Canadian trendsetter by offering affordable services and coverage to prepare and protect small to mid-sized companies, while covering expenses related to privacy breach,” said Dianna Fioravanti, Economical’s vice-president of commercial insurance.