Small Business Cyber Insurance Secrets Insiders Won't Share

Key Factors to Consider When Choosing a Policy

When selecting a cyber insurance policy, consider the scope of coverage, exclusions, and the insurer’s reputation. It's crucial to ensure that the policy covers both first-party and third-party losses and provides adequate limits. Some policies might exclude coverage for specific types of attacks or require stringent security measures to be in place as a condition of coverage⁴.