Cyber Insurance 101 for Beginners - what small business owners need to know

In this video, I'm going to provide a beginner's introduction to the complicated topic of cyber insurance for small business owners. I will explain what cyber insurance is, how the insurance works, its Features & Benefits, what's normally covered and what's excluded from coverage, and how Insurers can provide an incident response service. I will finish with some interesting findings from the "Hiscox Cyber Readiness Report 2022".

Cyber risk and cyber-attacks are among the top concerns for small businesses today.

Get immediate access to my free video workshop "How Small Business Owners can create their First Cyber Resilience Plan in less than 30 days".

Welcome to the series: Cyber Risk & Cyber Insurance.

Today, in the fifth video in the series, I'm going to be introducing your small business to cyber insurance. Throughout this video series, I walk you through topics on cyber risk and cyber insurance that are important for small business owners and managers to understand. In each video, I look at an important issue and offer some answers to help you significantly reduce risk and stay safe.

You should watch this video series if you are a small business owner or manager who is looking to be empowered to manage cyber risk through a simple but effective approach to cybersecurity.

If you have not addressed cyber risk in your small business, this might be a good time to engage, and the video series may encourage you to take action.

In this video, I explain:

* What is Cyber Insurance?
* How the Insurance works - Underwriting & Claims
* The Features & Benefits of cyber insurance
* What's covered and what's excluded from cover
* How Insurers can provide an incident response service
* Interesting Findings from the "Hiscox Cyber Readiness Report 2022"

This video series could be the first introductory step for your small business to move toward cyber resilience. Even if you consider that you are well positioned, you might review your situation. I hope this video series could start an important discussion on the importance of cyber risk management.

So, you’re all set! Let’s get you started on its journey toward cyber resilience!

Time Stamps

00:00 Intro to the video?
00:19 Why is cyber risk important for small businesses?
00:30 What is Surviving Cyber?
00:41 What's this video series about?
00:52 What is this video about?
01:16 Agenda for this video
01:57 What is Cyber Insurance
02:50 Features & Benefits of cyber insurance
03:26 What does cyber insurance cover
06:33 What does cyber insurance exclude
07:57 How the Insurance works - Underwriting & Claims
11:32 How cyber insurance helps with incident response
14:06 Interesting Findings from the Hiscox Cyber Readiness Report 2022
15:45 Conclusions
15:55 Free Cyber Resilience Workshop

John Byrne here, founder of Surviving Cyber. My goal is to help small business owners and managers get to grips with the complex subject of cyber risk and create their Pathway to Peace of Mind.

If you are an owner or manager of a small business that normally operates to high professional standards, but you are struggling with cyber risk, Surviving Cyber offers a choice of online education courses and a coaching option designed for you, drawn from my long career as a financial risk assessment expert. IT skills are not required for the courses as the focus is on managing cyber as a business risk.

I also offer lots of free content, including my Free Cyber Resilience Video Workshop.

Cyber Risk & Cyber Insurance – What’s this video series all about?

Welcome to the video series - Cyber Risk & Cyber Insurance. Through the 6 videos of this series, I hope to show you that managing cyber risk is within the grasp of all small business owners and managers. I explain the basic facts that all small business owners need to understand about cyber risk and cyber insurance.

I’m excited to have you on board and I look forward to going with you on the journey to cyber-resilience!

Click to Replay: "Cyber Insurance 101 for Beginners - what small business owners need to know"

The list of videos issued so far in this series is as follows:

Video 1: Cyber Risk: Why your small business should be worried
Video 2: Cyber Security Risks Every Small Business Must Understand
Video 3: Cyber Attack: Is your small business ready?
Video 4: Why Managing Cyber Risk is Vital for Small Businesses
Video 5: Cyber Insurance 101 for Beginners - what small business owners need to know

[survivingcyber]

Get immediate access to my free video workshop "How Small Business Owners can create their First Cyber Resilience Plan in less than 30 days".