The Ultimate Cyber insurance coverage checklist

Identify potential risks  


Determine what cyber risks your business may face, such as data breaches or ransomware attacks. 

Evaluate existing security measures


Assess the effectiveness of your current security measures and identify any gaps that may need to be addressed. 

Determine coverage needs 


Determine the amount of coverage needed based on the potential financial losses from a cyber incident. 

Choose the right policy 


Review different policies and choose one that meets your coverage needs and budget. 

Understand policy exclusions 


Know what is not covered by the policy, such as certain types of attacks or damages. 

Understand policy Limits


Know the maximum amount that the policy will pay out for a claim and ensure it is sufficient. 

Determine deductible 


Decide on the amount you are willing to pay out of pocket for a claim before insurance coverage kicks in. 

Review incident response plan 


Ensure that your incident response plan aligns with your cyber insurance policy and covers all potential scenarios. 

Understand the claims process 


Know the steps to take in the event of a cyber incident and how to file a claim. 

Keep policy  up to date 


Regularly review your cyber insurance policy to ensure it remains up to date and meets your coverage needs. 

Nominate your business free for awards