Analyzing Cyber Risk Coverage

By: Stephen T. Raptis
– Risk & Insurance 

Many companies are now taking a close look at the protections provided by cyber risk insurance policies—some for the first time—as data breach incidents and related cyber risks continue to increase and gain publicity, and as government agencies become more actively involved in policing the corporate response.

Although cyber coverage is a relatively new product in the insurance marketplace, there are now roughly 50 insurance carriers that offer it (although the amounts of coverage available often are limited).

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