Cyber insurance is no longer a luxury or a ‘nice to have’. Your business needs affordable cyber insurance with appropriate coverages. Without it, your business risks longer and more impactful business disruptions, increase recovery costs, civil fines and liabilities, and potential lawsuits from vendors, clients, and others. Meeting basic cyber security requirements helps insure your cyber insurance coverage is appropriate and affordable.
In this eBook, we outline the cyber security components you should have in place before getting your cyber insurance policy. We identify identify which aspects of cyber security are:
- Minimal expectations for cyber insurance underwriting;
- Recommended to both increase your cyber security protections and potentially lower cyber insurance premiums; and
- Best practice with respect to cyber security resilience and cyber insurance underwriting and premiums.
The eBook covers cyber security requirements for small and midsize businesses. If your business is subject to specific industry or governmental regulations, or is over $15 to $20 million in revenue, your needs may differ.
