Companies are becoming more aware of the digital threats that they face and as they work with their Cyber Security teams, they are also starting to understand the limits that a security only approach has.
With that companies have been turning to Cyber Insurance policies to plug the gaps that they are starting to become aware of. With that, it is important to understand the limitations and possibilities that Cyber Insurance Policies have.
- Claims Made Policies
- Pay on your Behalf vs Reimbursement
These 5 points represent the main pain points when it comes to these policies. When purchasing or reviewing Cyber Insurance Policies, these are the main things that should be reviewed and compared between the different options.