Assessing coverage adequacy and compliance requirements of your Cyber Liability Insurance Policy.
A cybersecurity program is designed to reduce the risk of a cybersecurity breach. Reducing the risk of a cybersecurity breach to zero is neither feasible nor possible. Preparing for a cybersecurity breach involves considering more than preventative measures, it also includes planning your response if one occurs. Many companies have acquired or are considering acquiring a cyber liability insurance policy to eliminate or reduce the costs associated with responding to a cybersecurity breach. With these policies comes important questions that need to be answered. First, does the coverage provided adequately address your organization’s likely financial exposure? Second, does the policy introduce compliance requirements that will be used as criteria on whether the insurance company will reimburse you for your claims?
Dean Dorton’s Technology team is comprised of experienced professionals who can assess your likely financial exposure and compare that to coverage limits. We can also review cyber liability insurance documents such as the application, response declarations, coverage endorsement, and policy to determine if the insurance company requires measures on your part in order for them to pay a claim.
Cyber Liability Insurance Review Benefits:
Confidence that your company is protecting its assets in the event of a cybersecurity breach
Beneficial recommendations on how to improve your Cyber Liability Insurance Policy
Peace of mind that your business has the right cybersecurity breach policies in place
Technology is only as good as the enhancement and efficiency it brings to your workflow, and only as valuable as the return on investment it produces. Our team helps you leverage technology and allows you and other key employees to focus on your business and their primary responsibilities.