In this Safe House Initiative podcast, Brandy Vargas (Crum & Forster) offers vital insights into cyber insurance for small and midsize businesses (SMBs). She blends cybersecurity expertise with insurance risk management, stressing that policies go beyond just limits—SMBs must understand sublimits, exclusions, and nuances.

Brandy highlights the often-overlooked value of free resources from carriers (like phishing simulations) and emphasizes proper incident response. She warns against common mistakes, like wiping systems without insurer involvement, which can jeopardize legal protections and coverage. Always engage your insurer's emergency response teams immediately to preserve privileged communications.

Key takeaways for SMBs:👉 Understand your policy: Look beyond headline limits to sublimits and exclusions.👉 Utilize free resources: Carriers offer valuable tools to boost your defenses.👉 Respond correctly: Involve your insurer immediately during an incident; don't act independently.👉 Keep contacts offline: Have printed copies or offline access to your policy and emergency numbers.👉 Work with expert brokers: Ensure your broker specializes in cyber or involves a wholesale broker for tailored coverage.👉 Be vigilant: Cyber attackers can persist in your environment, requiring thorough remediation.

This episode is a crucial guide for SMBs to not only secure cyber insurance but to actively use its resources and navigate incidents effectively.

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