Dos and Don’ts of Choosing a Cyber Insurance Broker and Navigating the Application Process

Cyber liability insurance should be part of a company’s plan to combat the inevitable damage and business loss caused by a cyber attack. Complex insurance decisions require expertise and know-how, and to make it through the maze of cyber liability insurance options, many companies opt to work with qualified cyber liability insurance brokers. This guide outlines some dos and don’ts when selecting a broker and navigating the application process. See our three-part series on using cyber insurance to mitigate risk: “From Assessing the Need to Managing Existing Policies” (Oct. 3, 2018); “Getting Savvy About Cost and Policy Terms” (Oct. 10, 2018); and “Policy Management and Breach Response” (Oct. 17, 2018); and “Guidelines for Securing Effective Cyber Insurance Policy Terms” (Apr. 17, 2019).

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