“Do it yourself” policies – If you can go online and purchase a policy yourself, it is likely not a good product. Cyber insurance is one of the most complex and rapidly changing policies in the marketplace. Make sure you seek out the services of an insurance professional.
Customer
- Churches
- Non-profits
Coverage
- Intrusion, regulatory, and leak liability
- After-incident restoration and recovery
- Crisis Management
Cost Factors
- Annual revenue
- Stored data, web presence, etc.
- Security controls in place
Claim Examples
- Employee tricked into sending money
- Church donations are leaked
- Computers locked by hackers
Cyber liability insurance covers financial losses that result from data breaches and other cyber events. Policies vary widely because most insurers that offer cyber coverage use forms they’ve developed themselves. You must talk with an insurance agent that knows and has experience in these coverages.
