If your organization does not have cyber-related coverageWith the increasing frequency of high impact and publicly disclosed cyberattacks and data breaches in the world, more executives are asking themselves if they are at risk and what can be done to protect their organization against loss.
Determining your organization’s cyber risk profile and analyzing the best coverage to mitigate risk and loss takes a very specialized skill set and up-to-date knowledge of the insurance products available. This makes finding the right experts essential. Don’t assume the resources who advise your organization on other insurance products will be the right resources for your cyber risk profile.
While having some cyber security coverage is common, the cyber insurance industry has developed rapidly. Many unique coverages now exist that allow businesses of varying size and complexity best match existing organizational risks. Purchasing a tailored cyber policy after careful analysis of your organization’s risks may provide vital protection for your organization going forward.The content in this article is not intended to serve as advice or guidance on specific insurance policies. U.S.
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