Cyber insurance transfers parts of the financial impact of certain incidents. It does not replace security, backups, access control, vendor management, or an incident-response plan.
Reviewed July 20, 202601 · Exposure
Describe the data and systems honestly
Inventory personal data, payment data, health data, credentials, critical systems, cloud providers, remote access, and contractual security promises.
Review first-party response costs and third-party liability separately.
Ask about ransomware, funds transfer, social engineering, business interruption, dependent systems, regulatory matters, and prior acts.
Confirm application answers match real controls such as MFA, backups, patching, and access reviews.
02 · Response
Know whom to call before the incident
Document carrier notice, breach counsel, forensics, public relations, restoration, and law-enforcement steps before time pressure begins.