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The recent cyber attack that left many in the #AutomotiveIndustry offline for weeks is a wake-up call for #AutoDealers. Read our tips for navigating the cyber insurance claims process with efficiency and clear communication.

Cyber insurance rates for European buyers are on track to fall even further as Q2 draws to a close, according to broker Marsh, which said that as of today, rates for its clients are down 10% in the quarter, building on a decrease of 7% in Q1 2024. In a briefing on Europe’s cyber market in the first half of 2024, Marsh said 60% of its European clients paid less for cyber insurance cover in Q2 2024, double the number that saw their rates discounted when rates began to soften in Q4 2023. More here ?? https://ow.ly/nT6y50SmCrl #Cyber #Technology #RiskSpecialty Marsh

Cyber insurance rates for European buyers are on track to fall even further as Q2 draws to a close, according to broker Marsh, which said that as of today, rates for its clients are down 10% in the quarter, building on a decrease of 7% in Q1 2024. In a briefing on Europe’s cyber market in the first half of 2024, Marsh said 60% of its European clients paid less for cyber insurance cover in Q2 2024, double the number that saw their rates discounted when rates began to soften in Q4 2023. More here ?? https://ow.ly/nT6y50SmCrl #Cyber #Technology #RiskSpecialty Marsh

Cyber insurance coverage doesn’t guarantee you a payout if an incident occurs. You might not get the payout you expect if you don’t comply with the requirements set forth by your provider. Need help ensuring that you receive your payout? Feel free to contact us. Visit us at https://lnkd.in/duJ7mSF or call (901) 572-1355 to start the conversation! #draytonknowsit #It #technology

Cyber insurance coverage doesn’t guarantee you a payout if an incident occurs. You might not get the payout you expect if you don’t comply with the requirements set forth by your provider. Need help ensuring that you receive your payout? Feel free to contact us. Visit us at https://lnkd.in/duJ7mSF or call (901) 572-1355 to start the conversation! #draytonknowsit #It #technology

Cyber insurance rates for European buyers are on track to fall even further as Q2 draws to a close, according to broker Marsh, which said that as of today, rates for its clients are down 10% in the quarter, building on a decrease of 7% in Q1 2024. In a briefing on Europe’s cyber market in the first half of 2024, Marsh said 60% of its European clients paid less for cyber insurance cover in Q2 2024, double the number that saw their rates discounted when rates began to soften in Q4 2023. More here ?? https://ow.ly/nT6y50SmCrl #Cyber #Technology #RiskSpecialty Marsh

We’ve all heard that there are two types of companies: (1) those that have been hacked; and (2) those that will be hacked. The recent attack on CDK Global, resulting in extended disruptions for thousands of car dealerships, is just the latest battle in this ongoing war. ? Many companies try to manage their exposure by purchasing cyber insurance, and mitigating risk is smart. But…what does your policy cover, and what does it exclude? The devil frolics in these details. ?? ? Unlike more standardized policies like general liability or auto, cyber coverage can vary widely. I get it – nobody wants to sift through the fine print, especially in a boring insurance policy – but it is a task worth doing. Being hacked is traumatic, but the only thing worse is the knot in your stomach after realizing that the coverage you bought isn’t the coverage you actually need. ?? By addressing this ahead of time, your business will be better positioned to get back on track as quickly as possible. Spend your time generating revenue rather than fighting the insurance company! ? https://lnkd.in/e3RdBzeS ? #business #insurance #riskmanagement

Cyber Insurance is a fast-growing market and according to a new report by CYE, 80% of companies that have suffered a data breach didn't have sufficient coverage for the incident. Within those claims, the average coverage gap was 350%, which means that more than 75 percent of the incident was not covered. The Hanover Insurance Group is committed to the cyber insurance market and for companies under $50M revenue and 75 employees, we just released a new $1M cyber limit option that can be quoted and bound online with us for a low minimum premium - a great option for a first-time cyber buyer. #The Hanover Insurance Group https://lnkd.in/evrBJaex

Cyber insurance rates for European buyers are on track to fall even further as Q2 draws to a close, according to broker Marsh, which said that as of today, rates for its clients are down 10% in the quarter, building on a decrease of 7% in Q1 2024. In a briefing on Europe’s cyber market in the first half of 2024, Marsh said 60% of its European clients paid less for cyber insurance cover in Q2 2024, double the number that saw their rates discounted when rates began to soften in Q4 2023. More here ?? https://ow.ly/nT6y50SmCrl #Cyber #Technology #RiskSpecialty Marsh

Cyber insurance rates for European buyers are on track to fall even further as Q2 draws to a close, according to broker Marsh, which said that as of today, rates for its clients are down 10% in the quarter, building on a decrease of 7% in Q1 2024. In a briefing on Europe’s cyber market in the first half of 2024, Marsh said 60% of its European clients paid less for cyber insurance cover in Q2 2024, double the number that saw their rates discounted when rates began to soften in Q4 2023. More here ?? https://ow.ly/nT6y50SmCrl #Cyber #Technology #RiskSpecialty Marsh