What To Look for In a Cyber Insurance Policy
Not all cyber insurance policies are created equal. Ask these questions to see if a provider or policy includes the essential coverage and added benefits necessary to help protect your business from cyber risk.
Assessment
Does the cyber insurance provider include any of the following to identify the right risks and coverage for your business?
- Real-time cyber threat analysis
- Customized business risk assessments
- Actionable security recommendations
Protection
What added benefits are provided to help keep your business safe throughout the duration of your policy?
- Proactive monitoring and security alerts
- Expert guidance on fixing vulnerabilities
- Pre-claims assistance
Coverage
Does the policy include comprehensive coverage that reflects the most common cyber incidents?
Direct Costs to Respond
- Breach Response
- Crisis Management
- Ransomware and Cyber Extortion
Cybercrime
- Funds Transfer Fraud
- Invoice Manipulation
- Phishing / Impersonation
Business Interruption and Reputation Damage
- Business Interruption and Extra Expenses
- Reputational Harm Loss
Liability to Others
- Network and Information Security Liability
- Regulatory Defense and Penalties
Recovery and Restoration
- Computer Replacement
- Digital Asset Restoration
Additional Coverage Benefits
- Separate Limit for Breach Response Costs
- “Pay on Behalf” Language
Want to learn more about Coalition’s comprehensive coverage? For comparisons and details, visit coalitioninc.com/coverages
Response
Does the policy include added benefits to support your business in the event of an incident?
- Access to expert incident responders
- 24/7 claims and incident hotline
- Proven track record of recovering stolen funds
- Seamless security service add-ons like MDR (managed detection & response)
Beyond the Bite 