Transferring some of the exposure.
WHAT CYBER INSURANCE TYPICALLY COVERS
Costs of responding to a breach Notification expenses Forensic investigation Legal costs Sometimes, regulatory penalties where insurable Business interruption
WHAT IT TYPICALLY DOES NOT COVER
Failures to follow your own stated practices Known unremediated vulnerabilities Reputational damage
WHY THAT FIRST EXCLUSION MATTERS
Claiming security measures you do not have may void cover.
WHAT INSURERS ASK ABOUT
Access controls Authentication Backups Patching Training Incident planning
WHY THOSE QUESTIONS
They correlate with claims.
WHAT ANSWERING THEM HONESTLY REQUIRES
Actually knowing your position.
WHAT TO DO BEFORE APPLYING
The inventory and a security review.
WHAT TO CHECK IN ANY POLICY
What triggers cover Notification requirements Whether you must use their appointed responders Limits and excesses
WHY NOTIFICATION REQUIREMENTS MATTER
Delay in telling the insurer can void the claim.
WHAT TO RECORD
The policy, its terms, and who to contact.
WHERE
Somewhere reachable during an incident.
WHAT NOT TO TREAT IT AS
A substitute for security.
WHY
Cover pays costs; it does not restore trust.
