Assess Your Cybersecurity Insurance Policy | Info-Tech Research Group

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Organizations must adapt their information security programs to accommodate insurance requirements.
Organizations need to reduce insurance costs.
Some organizations must find alternatives to cyber insurance.

Our Advice

Critical Insight

Shopping for insurance policies is not step one.
First and foremost, we must determine what the organization is at risk for and how much it would cost to recover.
The cyber insurance market is still evolving. As insurance requirements change, effectively managing cyber insurance requires that your organization proactively manages risk.

Impact and Result

Perform an insurance policy comparison with scores based on policy coverage and exclusions.

Assess Your Cybersecurity Insurance Policy Research & Tools

1. Assess Your Cybersecurity Insurance Policy Storyboard - A step-by-step document that walks you through how to acquire cyber insurance, review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.

Use this blueprint to score your potential cyber insurance policies and develop skills to overcome common insurance pitfalls.

2. Acquire cyber insurance with confidence – Learn the essentials of the requirements gathering, policy procurement, and review processes.

Use these tools to gather cyber insurance requirements, prepare for the underwriting process, and compare policies.

DRP Business Impact Analysis Tool

DRP BIA Scoring Context Example

Member Testimonials

After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.

9.3/10

Overall Impact

$6,603

Average $ Saved

5

Average Days Saved

Client

Experience

Impact

$ Saved

Days Saved

Testimonial

Wisconsin Compensation Rating Bureau

Guided Implementation

10/10

$5,440

2

The details of his review was presented in a way very easy to consume. I also felt he had a very good understanding of the subject matter.

Local Pensions Partnership Administration Ltd

Guided Implementation

10/10

N/A

N/A

A very good initial discussion that helped shape the next steps for me.

Randolph Brooks Federal Credit Union

Guided Implementation

10/10

$4,080

10

Best experience talking through the analysis and great feedback.

NorLand Limited

Guided Implementation

8/10

N/A

1

CPA Alberta

Guided Implementation

8/10

$10,000

2

Platte River Power Authority

Guided Implementation

10/10

$12,999

10

Michel was organized, helpful, and informative. He gave us items to consider that may save us money. He shared his experience with us. He gave us a... Read More

Kansas Public Employees Retirement System

Guided Implementation

9/10

$12,599

20

Only a good experience!

Canadian Commercial Corporation

Guided Implementation

10/10

$2,000

5

Xpress Global Systems, LLC

Guided Implementation

9/10

$71,499

2

Oregon Cascades West Council of Governments

Guided Implementation

9/10

N/A

N/A

Very helpful and achieved our goal of assisting in making the decision about what is next. Thanks Logan!

K-Bro Linen Inc.

Guided Implementation

9/10

N/A

2

Not sure on savings just yet

Kansas Public Employees Retirement System

Guided Implementation

9/10

N/A

5

Really appreciated the information and presentation of the information!

Goodwill Industries of South Florida

Guided Implementation

10/10

$5,039

5

Toronto Community Housing Corporation

Guided Implementation

9/10

$100K

10

Was able to chat on directionally how to progress next. Feedback on policy was very detailed that we can take to discussions with legal and the in... Read More

Renown Health

Guided Implementation

7/10

N/A

1

Logan provided some good information on what should included in cybersecurity insurance and send more information for reference.

Load More Testimonials

Adapt to changes in the cyber insurance market.

About Info-Tech

Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.

We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

What Is a Blueprint?

A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.

Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.

Need Extra Help?
Speak With An Analyst

Get the help you need in this 3-phase advisory process. You'll receive 5 touchpoints with our researchers, all included in your membership.

Guided Implementation 1: Gather requirements

Call 1: Discuss insurance needs.
Call 2: Review remediation cost estimates.

Guided Implementation 2: Procure policy

Call 1: Discuss insurance pitfalls and strategies for success.
Call 2: Review policy assessment.

Guided Implementation 3: Review

Call 1: Determine policy review cadence.

Authors

Logan Rohde

Bob Wilson

Contributors

Darren Brooks - Business Unit Head for Global Compliance Practice at ColorTokens, Inc.
Ayhan Tek - Vice President, Information Security at Cyber Electra
Kyle Gray - Cyber Insurance Educator and Underwriter at Ridge Canada Cyber Solutions Inc.
Valerie Craig, Information Program Officer, Jones Capital
John Armstrong, Chief Officer for Technology and Innovation, Joliet Public Schools District 86
2 anonymous contributors

Search Code: 94115
Last Revised: March 20, 2023

TAGS:

Cyber insurance, Business impact analysis, Disaster Recovery, Incident response, Incident management, Threat and risk, Ransomware, Data breach, Privacy regulations, Fines and Penalties

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