California-based cyber insurance broker DataStream expands into Canada

DataStream Cyber Insurance, an insurance brokerage based in California, has announced that it has expanded its business into Canada.

The insurance broker offers comprehensive cyber insurance coverage specifically for small and medium businesses (SMBs). In addition to helping place cyber coverage, the broker also provides full cyber security assessments, data analyses of cyber risk in financial terms, and cyber security training for its clients. DataStream represents over 30 insurance carriers.

For its Canada launch, DataStream has begun signing up consultants, managed service providers (MSP) and value-added resellers. It recently signed six such partners, which are all based in Ontario, IT World Canada reported.

The six partners are:

• EmpowerIT of Waterloo, ON.
• Blue Triangle IT Solutions of Toronto, ON
• JC Kelly of Cobourg, ON
• InfoMedia Systems Group , which has offices in Ottawa, Toronto, and Cornwall, ON, and St. John’s, NL
• allCare IT of Kingston, ON
• ITEK Solutions of Richmond Hill, ON

“Modern businesses need to fully understand their cyber risks and vulnerabilities,” said DataStream CEO Andy Anderson. “Our comprehensive suite of tools — including our Cyber Insurance Readiness Assessment and Partner Risk Reports— will help Canadian MSPs and SMBs assess and remediate their risks in a new and profound way.”

DataStream’s services are available in all provinces and territories except Quebec, but the brokerage has expressed plans to eventually offer coverage in the province soon.

“DataStream helps MSPs navigate hard customer conversations surrounding cybersecurity,” commented DataStream director of sales and revenue operations Joe Randall. “The tools we make available to our partners give them the insight they need to best position SMBs for appropriate coverage while simultaneously creating new business opportunities.”