Are you a 60 percenter?
Are you a 60 percenter?
A survey administered by Advisen Ltd. reports that 60% of organizations do not purchase cyber liability insurance as part of their data, information and privacy risk management strategy. And yet, 86% of respondents consider cyber and information security risks to pose at least a moderate danger to their organizations.
While recognizing the dangers of information security risk, these are some of the reasons organizations gave for not purchasing cyber risk insurance:
- rely on prevention
- lack of coverage clarity
- application process is too difficult
- deductibles are too high
- difficult to quantify value
- policy coverage is too limited
Respondents also cited a lack of information to make informed decisions regarding cyber liability insurance. If your firm is one of the organizations still holding back from protecting itself against this serious threat, associates at KMRD Partners are available to provide detailed information to help you make an informed decision.
You can also visit http://www.oneminutefromnormal.com/casestudy-5.php to learn about this type of insurance.
KMRD reduces the overall cost of risk for clients by producing a greater value for each insurance dollar spent, while utilizing an enterprise risk management approach to engineer the optimal solution. The firm’s diagnostic process is supported by it’s unique collaborative technology, KMRD XCHANGE ®
We are dedicated to anticipating risk and helping firms recover from unplanned events that wait on the other side of one minute from normal.
To identify and correct coverage and service gaps in your insurance contact us at contactus@kmrdpartners.com before one minute from normal strikes your company.
