An In-Depth Look at Cyber Insurance: Cyber Insurance Quotes & Comparisons
Cyber insurance, also called cyber liability insurance, is an essential resource that helps businesses manage their cybersecurity risks. The industry has experienced rapid growth in recent years as the number of cybercrimes (and associated costs) has increased, and there is a greater awareness of cyber insurance among many industries. Most companies these days manage a […]
An In-Depth Look at Cyber Insurance: How Much Do Premiums Cost?
An excellent way to understand the difference between cyber insurance premiums and cyber liability insurance is to review the definitions of risks and liability. In the event of a cybercrime or data breach, the insurance company will have the opportunity to offer a variety of coverage options pertaining to the specific costs that may be […]
An In-Depth Look at Cyber Insurance: What Does It Cover?
Prior to purchasing a cyber insurance plan, it’s important to understand important details concerning each area of coverage. Each plan has a different structure of coverage that should be compared to the cyber risks identified during your company’s business continuity and IT security planning to ensure there is adequate coverage for all potential cybersecurity risks. […]
Admitted vs. Non-Admitted Carrier: What’s the Difference?
There is one primary difference between an admitted carrier and a non-admitted insurer: an admitted carrier is approved by the state’s insurance department, whereas a non-admitted carrier is not approved and, therefore, does not have state backing. What is an Admitted Insurance Carrier? According to the state’s insurance department, admitted insurance carriers will contribute to […]
The Right Way to Do Cybersecurity Insurance
Corporation’s cyber risk is growing larger every day. While more and more companies are allocating additional resources and capital to mitigating cyber threats, they’re discovering along the way that they don’t know the size of their own risk. Sizing your exposure to cyber risk, independent of any single threat, can be a daunting task. It is […]
