1379909958784404 1379909958784404

What type of insurance coverage do you need?

Image result for asking


When a data breach or other cyber event occurs, the damages can be significant, often resulting in lawsuits, fines and serious financial losses. Cyber exposures impact businesses of all sizes, therefore corporate Boards must play an active role in prevention plans.


To help oversee their organization's cyber risk management, Boards should ask the following questions:


1. Does the organization utilize technology to prevent data breaches?


 Related image


2. Has the Board or the company's management team identified a senior member to be responsible for organizational cyber security preparedness?

Image result for cyber security manager


3. Does the organization have a comprehensive cyber security program? Does it include specific policies and procedures?


Image result for cyber security program


4. Does the organization have a breach response plan in place?


Image result for data breach


5. Has the organization discussed and formalized a cyber risk budget? How engaged is the Board in terms of providing guidance related to cyber exposures?


Image result for budget


6. Has the management team provided adequate employee training to ensure sensitive data is handled correctly?


Image result for cyber training


7. Has management taken the appropriate steps to reduce cyber risks when working with third parties?


Image result for third party cyber risk


8. Does the organization have a system in place for staying current on cyber trends, new, and federal, state, industry and international data security regulations?

Image result for cyber trends 2018


9. Has the organization conducted a thorough risk assessment? Has the organization purchased or considered purchasing cyber liability insurance?


 Related image


Asking these questions now can help prevent problems in the future.

Contact Carriage Trade Insurance if you have any questions about your Business or Cyber Liability coverage.



Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2014
  • 2013
  • 2012

View Mobile Version

Our Customer Feedback

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Carriage Trade Insurance Agency, Inc.
© Copyright. All rights reserved. Powered by Insurance Website Builder