


What factors should be considered when setting coverage limits and deductibles?
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what does cyber security insurance cover
- Is this a standard coverage? Does it cover IoT device vulnerabilities?
- Does the aggregate limit apply to all claims combined?
- Is there depreciation considered? Does it cover social engineering attacks?
- Is employee negligence a factor? Does it cover insider threats?
- How are losses from MFA bypass handled?
- What are the costs and benefits of these endorsements? Are there endorsements for specific types of cyber attacks, like social engineering or ransomware?
- Is this a standard inclusion? Does it cover funds transfer fraud?
- How is business income loss calculated?
- How do industry-specific endorsements provide tailored coverage? Are there endorsements to extend the notification period or cover additional notification expenses?
- Do insurers use threat intelligence in underwriting?
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