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and their means of acquiring sensi ve informa on are dynamic and constantly evolving. Although reaching out to an insurance broker about cyber liability coverage is an important rst step, there are other specialists who can help as well. It is impera ve that business owners ensure they purchase a comprehensive cyber insurance policy that includes the following coverages before signing on the do ed line.
Here are ve key aspects of a policy to keep in mind:
Legal advice is critical to making sure the company is in compliance with any regula ons. Choose a rm that has previous experience with Cyber liability.
1. Forensics and legal
When a breach occurs, the rst step is to hire a forensics and legal team to determine the
size and scope of the breach and
provide advice on how to comply
with the law. These costs are the
most frequently exhausted limits in a policy, so it is important to assure that limits of liability o ered by insurance carriers for such coverage are adequate.
2. Public relations
Warren Bu et once said, “It takes 20 years to build a reputa on and ve minutes to ruin it.” If a network security data breach occurs, it is important to hire a public rela ons team to help mi gate reputa onal
risk associated with the breach.