Insights

Cyber Liability Insurance Buying Guide

June 13, 2019

Cyber Liability

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:

Guide to Cyber Liability Insurance thumbnail image. Click here to download the full guide.

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
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See all articles by Dan Burke

All views expressed in this article are the author’s own and do not necessarily represent the position of Woodruff-Sawyer & Co.

Dan Burke

National Cyber Practice Leader

Contributor, Cyber Liability

As National Cyber Practice Leader, Dan drives the strategy to grow our cyber business, such as developing tools to help clients and prospects understand and quantify their cyber exposures, as well as thought leadership. He frequently speaks at industry conferences and has been quoted in various trade magazines and newsletters, including The Wall Street Journal.

415.402.6514

LinkedIn

Dan Burke

National Cyber Practice Leader

Contributor, Cyber Liability

As National Cyber Practice Leader, Dan drives the strategy to grow our cyber business, such as developing tools to help clients and prospects understand and quantify their cyber exposures, as well as thought leadership. He frequently speaks at industry conferences and has been quoted in various trade magazines and newsletters, including The Wall Street Journal.

415.402.6514

LinkedIn