Cyber Insurance Review
Prepare for the worst. Understand what coverage you need to protect your business and stay compliant.
What is a Cyber Insurance Review?
A cyber insurance review provides a summary recommending what insurance your business needs in case of a cyber security incident. It will identify whether your current insurance is suitable, and whether you fulfill the obligations needed for your coverage to be valid.
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Why do you need a Cyber Insurance Review?
In 2020, 78% of Canadian organizations experienced at least one cyber attack, a number which increased by 7.7% in 2021. So, the question isn’t, “Will we be breached?” Instead, you should ask, “When will we be breached?” And alongside that: “How much can we reduce/mitigate the impact of the attack?” Having the right cyber insurance policy is a vital part of that process.
But buying any kind of insurance policy can be confusing. And cyber insurance policies are more complex than most. That means it’s all too easy for you to buy the wrong policy. You could end up overspending, or you might end without the coverage you need if the worst happens.
A cyber insurance review cuts through the confusion. It identifies whether you have the right insurance policy and recommends what you should have if your current policy isn’t suitable. It will also tell you whether you’re complying with the terms of your policy, so you can fix things if you aren’t.
Why choose a Kalnara Cyber Insurance Review?
If your policy doesn’t sufficiently cover you, we’ll give you recommendations on what coverage you require. And if you’ve been ‘oversold’ insurance, we’ll help you cut through the clutter of your policy – making sure you know exactly the coverage you need.
We’ll give you a list of specific actions to take so that you’re meeting the obligations of your policy. For example, we’ll tell you whether you’re required to use specific incident responders. Or if your staff need security awareness training to be covered for social engineering attacks.
We will tell you exactly what you’re covered for – and what your insurance doesn’t cover. That means you’ll fully understand if there are gaps in your coverage that you need to fill.
If you find cyber insurance confusing, we’ll make it easy to understand. We’ll unpack the small print of your policy and explain what it means, in plain English.