Privacy and Data Protection

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APPENDIX 5-L: Determining Your Company’s Cyber Insurance Needs

Many companies today struggle to determine what types of cyber insurance coverage to purchase and how to prepare for the underwriting process. As with all insurance purchases, it’s important to weigh the risk hazards the company faces and its appetite for risk and premium costs. In today’s vulnerable and interconnected high-risk environment, almost all companies make good candidates for cyber insurance. Provided below are questions that can help a company determine its needs for cyber insurance.

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