Having cyber insurance is critical in today’s business. At the same time, simply applying for coverage is increasingly complicated.
Not that long ago, application forms for cyber coverage were relatively simple — a single page or two to fill out. Now the average application can be 10 pages or more and will have increasingly complex and confusing terms.
It’s not just the number of questions that have increased, however. More and more, insurers want granular answers about a company, with questions touching every facet of the business. This means details on: