Cyberattacks Will Be ‘Uninsurable’

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As a business owner, will you even be able to obtain cyber liability insurance in the coming years? Most commercial liability policies have exclusions for war and other significant world events, but they may also start to consider cyber attacks as uninsurable on the same scale.

If you're a business owner will you even be able to get cyber insurance or cyber liability insurance in the future? A very troubling quote from Zurich insurance their CEO. Was quoted as saying cyber attacks will be uninsurable meaning that there won't be any amount of insurance you can get for this most commercial liability insurance policies have exclusions for war nuclear war or, you know other types of major events. They may start to consider cyber attacks as being uninsurable Now the good news is what they mean by this is large scale. catastrophic worldwide events not just a…specific attack on your business but it does point the picture that the scope and scale. Of losses from cyber attacks may not be able to be quantified. By insurance companies. So they might not be able to offer the same kind of coverage that you might get in other types of policies.

Cyberattacks Will Be ‘Uninsurable’
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