Cybersecurity Insurance - Steps for an optimal risk transfer

You plan to contract a cybersecurity insurance, an indication that you are serious about cybersecurity risks to your organisation. However, additional effort is required to transfer risks and simultaneously prevent reputation damage and business downturn.

Before transfering risks, you should reduce them. Risks assessment and reduction activities are essential actions. Act proactively, protect your major risks and transfer remaining risks to a specialized insurance company.

Request your company's Cybersecurity Assistance and protection plan that includes "Insurance Preparation Action Plan".

Contact your ICT Control expert to get information and assistance before contracting Cybersecurity Insurance. 

Lloyd's Feb 5, 2016 The world's specialist Insurance market (Visiting CNA-Hardy Syndicate desks)