Cyber insurance is confusing and becoming more difficult to secure. Companies are gathering loss experience and adjusting underwriting and pricing accordingly. A cyber-attack is one of the most debilitating events that can occur to your company. It can cause anywhere from an inconvenience to a complete shutdown of your business.
When insurance coverage is required by specifications and you intend to win that job, your decision to buy the insurance is easy. The hard part is finding the right coverage at the best price. But, what about the optional coverages? I’m not talking about coverage for buildings, equipment, and property. I’m talking about protecting your reputation, your family, your livelihood, and the livelihood of your business partners and employees – the most important assets of all!