Assess Your Cybersecurity Insurance Policy
Learn to avoid common insurance pitfalls.
Contributors
- Darren Brooks - Business Unit Head for Global Compliance Practice at ColorTokens, Inc.
- Ayhan Tek - Vice President, Information Security at Cyber Electra
- Kyle Gray - Cyber Insurance Educator and Underwriter at Ridge Canada Cyber Solutions Inc.
- 2 anonymous contributors
Your Challenge
- Assess your industry vertical for the most likely threats and risks (i.e. the things the policy must provide coverage for).
- Perform a business impact analysis to estimate recovery costs and insurance needs.
- Find the best policy to meet these criteria.
Our Advice
Critical Insight
- Shopping for insurance policies is not step one.
- First and foremost, we must determine what the organization is at risk for and how much it would cost to recover.
Impact and Result
Perform an insurance policy comparison with scores based on policy coverage and exclusions.
Start here – read the Executive Brief
Read our concise Executive Brief to find out why you should acquire cyber insurance review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.
1. Acquire cyber insurance with confidence
Learn the essentials of the requirements gathering, policy procurement, and review processes.
Guided Implementations
This guided implementation is a five call advisory process.
Guided Implementation #1 - Gather requirements
Call #1 - Discuss insurance needs.
Call #2 - Review remediation cost estimates.
Guided Implementation #2 - Procure policy
Call #1 - Discuss insurance pitfalls and strategies for success.
Call #2 - Review policy assessment.
Guided Implementation #3 - Review
Call #1 - Determine policy review cadence.
After each Info-Tech experience, we ask our members to quantify the real time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this Blueprint, and what our clients have to say.
Client
Experience
Impact
$ Saved
Days Saved
Toronto Community Housing Corporation
Guided Implementation
9/10
$100K
10
Renown Health
Guided Implementation
7/10
N/A
1
