Editor's note: This column is part of PropertyCasualty360's Foundations of P&C Insurance series, which aims to bring new insurance professionals up to speed, while keeping industry veterans sharp. On Fridays, PC360 will offer up fresh content covering the nitty-gritty details of P&C insurance, tips for professional development, articles looking at the industry's more niche concepts, and the history of certain lines and programs.
In addition to higher rates and longer timelines to obtain cyber insurance, companies seeking coverage this year said they were faced with a growing list of exclusions, according to a survey from Delinea.
Lack of security protocols was the most common exclusion, cited by 43% of businesses surveyed. Human error, internal bad actors and acts of war were also common exclusions. The above slideshow offers more details on common cyber insurance exclusions.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
