Authors: Joe Stubbings Will Slater John Farley
As businesses increasingly depend on automation and interconnected systems for efficiency, the risk of cyber incidents leading to physical damage is growing. This evolution necessitates a reevaluation of traditional insurance policies, which may not adequately cover these new risks, leaving organizations vulnerable to financial and operational setbacks.
Understanding the coverage gaps in traditional insurance is crucial for organizations aiming to protect their assets against these evolving threats. Many existing policies may not account for the complexities of cyber-induced physical damage, potentially resulting in costly consequences. Therefore, companies must thoroughly review their insurance coverage to identify vulnerabilities and ensure comprehensive protection.
Gallagher is at the forefront of addressing these coverage gaps by offering innovative and tailored insurance solutions. Recognizing the complexity of modern cyberthreats, Gallagher provides customized cyber insurance options designed to protect organizations against the multifaceted risks posed by cyber incidents, including physical damage, business revenue loss and bodily injury.
