Obtaining insurance coverage starts with an application, whether you're looking for inexpensive auto insurance online or complex coverage for a multinational business.
Cyber coverage is no different, explained Judy Selby, managing director of BDO Consulting, as she moderated the panel titled "You Finally Bought the Cyber insurance Policy. Now What?" as part of ALM's cyberSecure conference on Sept. 27.
The challenge with cyber liability insurance is that approximately 67 companies sell the coverage, and there are no standard forms to follow. In most cases, although there are some commonalities for businesses in the same industry, Cyber coverage is customized to a specific company, and pricing is scaled to the size of the organization, the kinds of data to be protected and the types of cyber risk the organization faces.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
