Cyber liability insurance

If you deal with data and technology for business there's a good chance your insurance company is going to want you to have cyber liability insurance. This will cover you in the event of a cyber incident such as ransomware.

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[djderekrock]

Great video and topic Willie! Not the most comfortable topic to discuss but nonetheless very relevant today. As an MSP this insurance is a must.

[MrThejackal]

Would love to see a video talking about clients that did get payouts (if any) and ones that didn't and why.

[alexbold]

Well, somehow, I think it will be like usual, when problems started whey will do everything to refuse payment. Doing all documentation and everything related to how to react if breach happens is not a useless job, you need to have it, not for insurance, but for yourself. It's a lot of time and efforts, but like I said before, insurance will find a way to deny your claim. One of these questionaries have requirements to have VPN, but not for employees who need connect to the office, for office itself: "to hide important information from internet providers". This is completely nuts, because all important sites use SSL, plus you don't trust your internet provider, but trust some shady VPN company?

[ridefunNWA]

I run an MSP, and you need an insurance company that specializes in cybercrime (datastream, Willow Risk Advisors, etc)

[jasoncherry]

BTW, way to go with the new camera! Looks great. WAY better than your old camera setup. Looks SOO much more professional. Your mic is good also.

[druxpack]

work in healthcare here, and the requirements for cyber insurance have become so strict..because they don't want to pay out. I heard next renewal, the new requirement will be to power all systems down and melt them all into a solid block before issuing it...and even then, i'm sure they have a "solid block of systems" breach clause.

[jhippl]

Ohh ohh I could talk forever about this