FISCHER RISK MANAGEMENT / COVERAGE
Cyber insurance. Review the business behind the systems.
A system outage, data incident, or fraudulent payment can affect more than your IT team. Connect insurance terms with the operations, people, and customers that depend on your systems.
Request an Insurance Review
What should a business review in cyber insurance?
A cyber insurance review considers data, systems, incident response, and liability exposures. Compare the specific insuring agreements, event triggers, exclusions, limits, and business interruption terms rather than assuming every cyber incident is covered.
Which parts of the business depend on those systems?
Describe the information your company handles, the systems it depends on, and the vendors that support critical work. Include e-commerce operations, customer platforms, and any technology services you provide.
Prepare the underwriting information
Bring your current policy and renewal date. We can discuss the additional details needed about security controls, backups, access management, incident history, and your response process. Accurate answers help the review move forward.
Look closely at incident terms
Review limits, deductibles or retentions, waiting periods, vendor requirements, reporting obligations, and exclusions. Ask how outages involving service providers and fraudulent payment events are treated; do not assume those losses are included.
Does technology E&O replace cyber insurance?
Do not assume the policies are interchangeable. Share both contracts when available so the discussion can address professional services and cyber events together.
Separate your losses from claims brought by others
A cyber incident can create both costs for your business and allegations from customers or other affected parties. Ask separately about incident response, restoration of systems or data, interruption of operations, and privacy or network-security liability. The policy may use different limits, retentions, conditions, or exclusions for these categories.
