4/20/24
Pricing and cost Factors:
Generally speaking, a few factors that influence cyber insurance prices: • Type of industry: nature and level of information the business handles • Company size: more employees = more vendors, devices, customers = more “attack surfaces” • Company revenue: yep • Company security: better security = better rate, generally speaking
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Claims handling/reporting:
• Clarify input from in-house experts (quickly) • Notify provider sooner that later • Identify and connect with [cyber] specialists provided by coverage • Be ready to work with external experts; insurance, investigators and maybe even negotiators • Maintain detailed documents • Overestimate the road to recovery
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