Cyber Coverage – Captive Insurance Times
As firms moved to a work-from-home environment in response to COVID-19, cybersecurity has been highlighted as an increasing challenge. Industry experts suggest while captive coverage is tailored to the needs of the business, a commercial policy is just as important.
Although many firms use commercial cyber policies for coverage, there can be gaps, leaving firms exposed. Randy Sadler, principal with CIC Services, explains that some commercial policies will not cover losses that occur due to employee error.
