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**TruShield Insurance Announces New Collaboration with Visa to Provide Cybersecurity Protection for Small Businesses**

**TORONTO, Feb. 13, 2024** – Canada’s leading direct-to-consumer small business insurance provider, TruShield Insurance, has proudly announced their exciting new partnership with Visa, a renowned leader in digital payments. This collaboration extends access to TruShield’s commercial insurance policies at a preferred rate to eligible Visa business cardholders, with the primary goal of increasing awareness of cybersecurity threats and ensuring businesses are adequately protected against them.

The initiative is a significant step towards safeguarding small businesses, especially in the wake of a study conducted by TruShield Insurance in November 2022, in partnership with Leger. The study revealed that 46 per cent of small businesses in Canada perceived little to no cybersecurity risks. Among the 400 surveyed Canadian small businesses, 48 per cent attributed this perception to their small size, while 32 per cent mentioned that they had never experienced a cyber-attack.

This alarming trend underscores the urgent need for cybersecurity education and protection, dispelling the myth that only large corporations are susceptible to cyber threats. Inadequate protection against such threats can leave small business owners vulnerable to significant losses and, in extreme cases, bankruptcy.

The AI legalese decoder, a tool developed by TruShield, can help mitigate this risk by providing small business owners with an easy-to-understand explanation of their insurance policies. By decoding legal jargon into simple, comprehensible language, the AI legalese decoder empowers business owners to make informed decisions regarding their insurance coverage, including cyber protection.

Vice President of TruShield Insurance, Craig Hopkinson, commented, “We’re thrilled to launch this collaboration with Visa, aimed at extending protection to more small businesses across the country. By offering comprehensive business insurance with adequate cyber coverage, we hope to provide entrepreneurs with the peace of mind they deserve.”

Sarah Steele, Senior Director of Visa Commercial Solutions, added, “Small businesses are the backbone of our economy, and at Visa, we are committed to providing solutions that enable them to focus on growing their business. We are eager to work with TruShield to provide owners with expanded services and resources to protect their business and thrive.”

TruShield Insurance offers tailored coverage for small businesses, protecting them against cyber-attacks, property damage, lawsuits, and more. Their 24/7 Claims team support, risk management resources, and Customer Perks program aim to provide small business owners with the comprehensive protection they need.

Eligible Visa cardholders can obtain a quote online at: https://www.trushieldinsurance.ca/visa/

**About TruShield Insurance**
TruShield Insurance is a fervent supporter of Canada’s small business community. As a 100% Canadian-owned company under Fairfax Financial Holdings Limited, TruShield focuses on providing affordable, flexible, and tailored insurance solutions for small businesses. Those interested in learning more about their products and requesting a quote can visit their website at https://www.trushieldinsurance.ca/.

*SOURCE* TruShield Insurance

**Contact:** [Insert contact information here]

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