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Cyber insurance Traditional property and liability policies, as well as crime and kidnap and ransom policies, can contain some protection against cyber risks. (Image: Shutterstock)

As companies recognize that cyber risk cannot be eliminated, only managed, they are increasingly looking to transfer residual cyber risks through insurance. Still, many small and midsize businesses are going without cyber coverage, perhaps because of confusion about how to get the right policy.

Related: Clients considering cyber insurance? Here’s what they need to know

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