How do cyber policies differ from traditional cover?

Cyber cover differs from traditional insurance in ways that catch many organisations out, because the perils it addresses, data breach, ransomware, business interruption from system failure, and associated liabilities, behave unlike the physical risks legacy policies were built for.

Triggers, exclusions, sub-limits, incident-response panels and war or infrastructure carve-outs all work differently, and a loss that the board assumed was covered may fall outside a cyber wording or be excluded from property and liability policies that pre-date the risk.

This report explains how cyber policies differ from conventional cover in your chosen jurisdiction and industry, and the data-protection and breach-notification frameworks that drive much of the exposure.

It covers the indicators that cyber cover is misaligned with the organisation's real threat profile, and the impact ranges that serious cyber events can reach.

It also sets out when to engage cyber-specialist brokers, breach counsel and incident-response providers, so the organisation understands its cyber tower before an incident tests it.