Is Insurance Shopping Like Car Shopping?
When you shop for a car or a house, you look for the best value, the best features, and a company or representative who will make the process as seamless as possible. So why wouldn’t you do the same when shopping for commercial insurance?
When protecting your business’s assets, it’s crucial to work with a team that prioritizes your interests and secures comprehensive coverage for your organization at a great price. When looking specifically at cyber insurance, there are a few questions you should ask providers before you commit to a policy.
Questions to Ask a Cyber Insurance Provider
The following questions will help you choose the best cyber insurance provider for your company:
- For how long have you been working in the cyber insurance industry?
- Do you have reviews from past customers that you can share?
- Who is your typical cyber insurance client (medical, retail, restaurant, etc.)?
- What is your claims process like?
- What factors impact the cost of premiums, and how will that premium change over time?
- Will your firm review our cybersecurity protocol prior to issuing our policy?
- Are our company’s losses, as well as legal liability to others, covered under your policies?
- What cybersecurity protocols does your firm require for cyber coverage?
- Do you provide an incident response team after an event has occurred?
- What incidents are covered under the policy (ransomware, data breach, phishing, etc.)?
- What are the policy exclusions?
Keeping Their Promises
Once you decide on a cyber insurance provider and activate your policy, make sure they are keeping their promises. If costs change dramatically, customer service declines, or there is a lack of responsiveness, it’s time to reevaluate your options.
At Mountain Insurance: Longmont, our priority is you. If you are looking for excellent insurance coverage and top-notch customer service, don’t hesitate to give us a call. We’d love to be your go-to provider for all of your business insurance needs! Please reach out to Steve Longenecker (303-808-9351 x2).
We give out $25 gift cards for referrals that become our insurance clients.
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