FGIB:First-Party Cyber Liability Insurance to Step In When a Breach Occurs
The scope and amount of Cyber Liability insurance coverage you carry should be commensurate with the level of risk involved with your operations and the type of activities to be provided. In addition, it’s important to understand that not all Cyber insurance products are the same – the breadth of coverage can vary drastically among the products offered by insurance carriers. That’s why it’s important to partner with a broker that understands the banking industry and is experienced in placing tailored Cyber insurance coverage. That partner is Financial Guaranty Insurance Brokers (FGIB).