Unlike the relatively easy decision to purchase property and life insurance, the decision to purchase cyber insurance is riddled with potential consequences regardless of your final decision.
During the cyber insurance application process, you have to complete a relatively thorough questionnaire about your technology environment. This covers not only the administrative aspects of your technology but also the cultural and process environment of your organization as it relates to a multitude of controls.
The impact of how you answer these questions is huge. It not only determines the cost of your premiums but it will also impact whether a claim is paid or not after a breach. The questionnaire will also identify where your risks are and what you need to tighten up. Ignore these risks after you've been made aware and you're negligent which has a much larger legal impact well beyond cyber insurance.
Don't broach cyber insurance alone. Let our cybersecurity, privacy and legal experts guide you through this entire decision-making process so you actually get the protection you're looking for.