Internet Safety University’s Post

Exploring the Essentials of Cyber Insurance: Three Critical Types to Consider https://lnkd.in/e_QHASHu

Exploring the Essentials of Cyber Insurance: Three Critical Types to Consider https://lnkd.in/etpf5v_T

Exploring the Essentials of Cyber Insurance: Three Critical Types to Consider https://lnkd.in/etpf5v_T

The midyear market outlook for Cyber insurance. Give this a quick read, this is becoming increasingly more important. Reach out so we can help protect you.

Are you safeguarding your assets with house or car insurance? Extend that protection to the digital realm. Cyber insurance is vital for both businesses and individuals, no matter the size. Don't wait until a hack occurs; mitigate your risk now. #Insurance #CyberProtection #RiskManagement #StayProtected

How the increasing demand for cyber insurance is changing the role of the CISO - CSO Online: How the increasing demand for cyber insurance is changing the role of the CISO  CSO Online

More insurance providers are requiring businesses to have cyber insurance. We can help you implement everything you need to make sure you are compliant. https://bit.ly/4fdAmSn

When applying for cyber insurance for the first time, should businesses try to fix everything and get their ducks in a row before submitting an application or go ahead and apply first? Chase Burnette of Burnette Insurance Agency offers sage advice on the subject. Watch the entire webinar at https://hubs.li/Q02ZYZ6L0 #missolutions #burnetteinsurance #cyberinsurance

Some of the state and local governments I talk to are self-insuring for cyber because they have realized that they cannot get coverage without the sublimits that make an expensive policy virtually worthless, as in the example in the post below. Do yourself a huge favor if you have a cyber policy. Check the sublimits and look at the policy itself for wording like "meeting compliance requirements" or "reasonable protection of data." Then, make sure you can provide alignment to a recognized cyber framework. Otherwise, even if you have the coverage, you may be leaving a loophole for the insurer to deny your claim.

If your company has cyber liability insurance... ...you may want to get it reviewed by an independent expert, because insurance carriers are starting to inject low limits and other requirements into both new policies and renewals. That "$3M cyber insurance policy" you bought might not be a true $3M cyber insurance policy anymore.