Once upon a time, there was a point in time, that few companies knew cyber insurance existed.
Fast forward to 2018, and most companies are aware of cyber insurance, and some have purchased coverage. However, many companies may not understand what their cyber insurance policy covers and excludes.
Unbeknownst to them, this could haunt them until and after a cyber insurance claim happens.
Our Halloween message: Beware of your cyber insurance policy details.
Here’s a Halloween treat for your company:
Top 10 Things to Consider When Reviewing Your Company’s Cyber Insurance Policy
- What does your company’s cyber insurance policy cover?
- What does it exclude?
- Does your cyber insurance policy have sublimits?
- What is your policy retention?
- What is your cyber insurance policy’s retroactive date?
- How and when must your company report a claim?
- What triggers your cyber insurance policy?
- Does your cyber insurance policy provide any policyholder benefits?
- Does your cyber insurance broker have experience handling a cyber insurance claim?
- Has your company had a cyber insurance policy review?
For more information or assistance with your company’s cyber insurance contact us today.