Ep81: The Board & C-Suite Cyber Insurance Fine Print - Decoding Exclusionary Clauses (2024.01.04)

🔎 CEOs and Board Chairs: what exclusionary clauses fine print must you be aware of in cyber insurance? Listen in and advance your Board and Executive cyber readiness with CyberBoardCast™ Episode 81.

 

A critical aspect of cyber insurance often missed is understanding the exclusionary clauses. These are the fine print elements that can significantly impact your coverage, potentially leaving your organization vulnerable in key areas.

 

Examples of common exclusions include but are not limited to:

·     Acts of war or terrorism.

·     Bodily injury and property damage.

·     Failure of critical infrastructure.

·     Nation-state attacks.

·     Ransomware (increasingly being excluded).

 

📖 Today's Action Item: Proactively engage with your insurer for a comprehensive policy review. Involve your legal team to thoroughly understand each clause and negotiate to mitigate potential coverage gaps. Ensure your Directors and Executives are well-informed about these exclusions, empowering them to make informed decisions.

 

Let's not leave our cyber defenses to chance. Understand the specifics of your coverage and ensure your organization and leadership are comprehensively protected against evolving cyber risks.

 

Join us at Cyber Nation Central for tailored guidance on navigating the complexities of cyber insurance and crafting a comprehensive strategy. Stay vigilant, detail-oriented, and secure in your cyber insurance choices.

 

#CyberInsuranceExclusions #BoardroomCybersecurity #RiskManagement #StrategicCyberProtection

 

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