Approved or Denied: Preparing for Your Cyber Insurance Renewal

The cyber insurance industry is evolving rapidly – there’s no standardization or guarantees for coverage. If you’re not doing anything to protect yourself from ransomware, underwriters won’t be interested in covering you.

To put it plainly: the impact of ransomware has changed the game and underwriters are no longer writing policies the way they used to. If insurance has been your only defense to ransomware, there is work to do. Insurers now want to see evidence of your practice implementing controls and processes to protect yourself from ransomware. This means all healthcare entities must prepare for coverage changes during their next renewal period. After all, advanced preparation could be the difference between renewal and denial.

With the right guidance and planning, you can mitigate ransomware threats and renew an existing policy with minimal changes in coverage or fees – but it’s critical that you understand your practice’s risk profile. Attendees of this webinar will receive access to self-assessment that gauges how prepared you are for your cyber insurance policy renewal.

Learning Objectives:

• Understand why ransomware claims have had such a major impact on the cyber insurance industry and see how risk is transferring back to businesses like yours.
• Explore complex application requirements and controls that will determine your coverage amount and, ultimately, whether you’re approved or denied.
• Gain access to a self-assessment tool to determine whether your ransomware prevention strategies meet underwriter expectation.

Speakers:

Aaron Underhill, CEO

Aaron Underhill is a managing partner of Dedicated IT, an industry-leading managed service provider that understands the unique needs that come with the healthcare IT landscape.  Aaron serves as the CEO with an extensive background executive leadership and healthcare technology.  After two decades in the industry, Aaron has helped hundreds of practices navigate all areas of healthcare IT.

Chris Burns, CXO

Chris Burns is a Managing Partners of Dedicated IT, an industry-leading managed service provider that understands the unique needs and threats that come with the healthcare IT landscape. Chris serves as the CXO with a specialized focus in EMR technology and cybersecurity challenges. After two decades in the industry, Chris has helped hundreds of practices navigate all areas of healthcare IT.

Download Speaker Presentation & Handout: Approved or Denied: Preparing for Your Cyber Insurance Renewal and Cyber Insurance Handout-6 Steps to Streamline Your Renewal