What should I consider when comparing cybersecurity insurance policies?

What should I consider when comparing cybersecurity insurance policies?

When comparing cybersecurity insurance policies, consider coverage limits, exclusions, premiums, and the insurer's reputation.

What types of coverage are typically included?

Typical coverage includes data breach response, business interruption, cyber extortion, and liability for third-party claims.

How do I determine the right coverage amount for my business?

Assess your business's risk exposure, potential losses from a cyber incident, and consult with an insurance expert for tailored advice.

Are there any specific exclusions I should be aware of?

Yes, common exclusions include acts of war, employee negligence, and pre-existing vulnerabilities. Always read the fine print.

Can I bundle cybersecurity insurance with other types of insurance?

Yes, many insurers offer bundling options with general liability or property insurance, which can save you money.