New cyber threats continue to emerge nearly daily, hitting every size organization from small businesses to the federal government. Those who aren’t thinking about cyber threats and how to address them may be forced to address a problem when they least expect it. For a new buyer of cyber coverage, the assessment and buying process can be intimidating.
Why Cyber Liability Insurance is Critical
Chances are good that your organization stores or deals with a large volume of personal data and relies on technology to operate. If your work is in a highly regulated industry like healthcare or finance, you must be in compliance with data security provisions or face penalties. Regardless of your industry, cyber liability insurance is often a contractual requirement and an important part of your board’s due diligence. For all of these reasons (and more), cyber liability insurance is a necessary part of today’s insurance strategy.
Get Advice on Managing the Risk, Policy Coverage and More
To make it easier to evaluate and mitigate your cyber risk, check out our Guide to Cyber Liability Insurance:
Here, you will learn how to identify the cyber risks in your own organization, understand what cyber insurance covers, and identify the specific reasons why a comprehensive approach is the best way to protect your organization from cyber risks.
Some of the topics covered in the Guide include:
- Cyber Risk Assessments
- Risk Transfer: What’s in a Good Cyber Policy?
- How Your Other Policies are Impacted by Cyber Risk
- Choosing Limits