According to the latest statistics, the average cost of a cybersecurity incident is now approaching $200,000 – and yet, only 31% of small companies have cyber insurance, and 70% said that they have no intention of purchasing a policy.
This discrepancy is just one of the many reasons our team has been working to expand our cyber-specific tools and resources – now including our latest webinar recordings on cyber risk and insurance.Led by Brian Pilarski, commercial agent and counselor at Brown & Brown Insurance, these recordings are available in two one-hour segments (i.e., “Part 1” and “Part 2”) and cover the following topics:
Part 1
- Evolution of cyber risk
- True cost of cyber loss
- What drives privacy risks
- Various ways you are exposed from cyber risk
- Trends
- Questions for you to consider
- Types of information you should not collect
Part 2
- What is included in cyber insurance
- Types of business interruptions covered/not covered by cyber insurance
- Coverage period (length of time for coverage)
- Additional costs to be considered to resolve a cyber breach
- Types of insurance that can provide coverage in the event of a cyber breach
- Commercial crime and cyber terrorism coverage
- Property damage coverage
- What parties should be involved when addressing a cyber breach
Ready to see for yourself? Click here to be redirected to our main Cyber Initiative page and navigate to the “Free Resources” section (toward the bottom) to view this two-part series!
