Cyber threats may be virtual, but the costs are all too real – and rising. Few organizations would skip property or liability insurance, but many still don’t buy coverage to protect against increasingly frequent and costly cyberattacks. From accounting firms to trucking companies and non-profits, every enterprise with an internet connection needs to consider cyber insurance.
Late notice of claims can result in denial of coverage and destroy an agent’s relationship with the insured. On
claims‑made policies, timely notice is particularly important for insureds. Here’s how retail agents and brokers