Security Management

R3-2B. Premiums to Payouts: Avoid Cyber Insurance Mistakes That Get Claims Denied

Thursday, June 13, 2024 1:15 PM - 2:15 PM

Room 2BC

Description

Cyber insurance continues to grow in popularity, even though many companies aren’t confident they’ll actually be covered in breach. Between insurers still building out coverage solutions, and companies trying to understand what they need, it can be difficult to know how best to leverage coverage until its too late. We'll discuss how to take some of the guess work out of picking the right policy, reduce premiums, and avoid mistakes that could result in a claim denial.

Learner Objectives

After this session, the learner will understand what cyber insurance can and can't do, and how best to use it. This will be accomplished through the following lessons: - Common Principles, Terms, and Exclusions in Cyber Insurance Policies - How to select an insurer using Loss Ratios and public claim data - Walkthrough of common deductible calculation methods - Tips to consider before, during and after a breach to limit likelihood of a claim denial