Cyber Insurance 101

The cyber insurance course that every broker, underwriter, and risk manager needs!

Understand and be able to explain Cyber Insurance: how and why privacy and security breaches create exposures for companies,  what coverage is available under Cyber Insurance, and how to compare coverage between policies. This course also includes a comprehensive coverage analysis guide.

Cyber Insurance
Pointers

What You Will Learn

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Coverages

What is covered and not covered under a stand-alone cyber policy, including key differences in coverage between policies offered by different insurance companies
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Exposures

How vulnerabilities create exposure for companies, and common schemes by hackers and fraudsters to exploit these vulnerabilities.
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Claims Scenarios

Claims scenarios for ransomware, business interruption, social engineering loss and media liability, including an overview of how a cyber insurance policy may respond in these scenarios.
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Policy Analysis

Conduct a policy comparison to assess critical differences among cyber policies, receive a guide on questions to ask when analyzing coverage.

Learning Objectives

After taking this course, you’ll be able to:

  1. Explain what is covered under a standalone cyber policy;
  2. Describe why and how privacy and security breaches create exposures for companies;
  3. Illustrate how vulnerabilities create exposure for companies;
  4. Provide a claims scenario for ransomware, business interruption, and social engineering loss;
  5. Conduct a policy comparison of critical differences.

Course Curriculum

  • Course Introduction
  • Downloadable Material
  • Cyber Overview: Introduction & Lesson Objectives
  • Cyber Overview: Privacy vs. Network Security Breach
  • Cyber Overview: What is Private Information?
  • Cyber Overview: How does a claim unfold
  • Activities & Quizzes Instructions
  • Quiz – What is Cyber Insurance?
  • What is Privacy Liability?
  • Privacy: Legislation Overview
  • Privacy Legislation – USA
  • Privacy Legislation – Canada
  • Privacy Legislation: Europe
  • Privacy Legislation Wrap Up
  • Privacy: What does this mean for businesses?
  • Privacy Liability – A Claim Scenario
  • Privacy Liability Quiz
  • What is Network Security Liability?
  • Network Security Liability – Terminology & Definitions
  • Network Security Liability: Claims examples
  • Network Security Liability Quiz
  • First Party vs Third Party Coverage – Introduction
  • First Party vs Third Party under a Cyber Policy
  • Main Insuring Clauses in a Cyber Policy: Third Party Coverages
  • Main Insuring Clauses in a Cyber Policy: First Party Coverages
  • Insuring Clauses Activity
  • Computing Definitions
  • Claims Example: First Party & Third Party Illustrated
  • Basic Policy Overview Quiz
  • Introduction to Exposures & Coverage Chapters!
  • Introduction to Privacy Breaches Exposure & Coverage
  • Privacy Breach Coverage
  • Privacy Breach – Examples
  • Privacy Breach Quiz
  • Network Security Vulnerabilities – Exposures
  • Network Security Vulnerabilities – Coverage
  • Network Security Vulnerabilities Quiz
  • What is Ransomware?
  • Ransomware – Coverage
  • Ransomware – Activity 1
  • Ransomware – Activity 2
  • Ransomware – Other considerations
  • What is Business Interruption in a Cyber policy?
  • Contingent BI, Waiting Hours and Restoration Period
  • Business Interruption – An example
  • BI & CBI Quiz
  • Media Liability Introduction & Definitions
  • What is Media Liability?
  • Media Liability – Software Copyright & Social Media
  • Media Liability Quiz
  • What is Social Engineering Fraud?
  • Social Engineering Fraud Coverage
  • SEF Quiz
  • A Claim Scenario
  • Case Analysis – Wording Analysis Template
  • Case Study Activity
  • Course Survey
  • Course Wrap Up
  • Cyber101Exam

About ITC courses

ITC takes pride in delivering high quality, unbiased courses on professional and management liability insurance and related topics. Designed specifically for online delivery, our courses are interactive, include activities and quizzes, use practical illustrations and real-life case studies and deliver knowledge in bite-sized portions so even just 5 minutes is  learning time well spent.

How we build courses

ITC courses are the product of a collaborative approach. We work closely with subject matter experts to build out course content, the ITC design team brings that content to life, and no course is published before undergoing an intense review by an industry panel. Our process also includes post-publication reviews and updates because ITC is committed to delivering quality courses that remain accurate, relevant and up-to-date, long after they are first published. 

Testimonials

Aja Washington, Adjuster

Excellent course!

Recommend to all.

5/5
Javier Santos, Cyber Security Coach

Very informative in simple terms!

I found the Ransomware and Insurance 2022 Market Update to be very informative and delivered in simple terms. It will be beneficial to make it available in other languages like Spanish. Perhaps this can be done using a closed caption option.

5/5
Hany Abboud, Manager, Broker

I really found the Cyber Course very interesting. It made me understand the rationale behind the increased demand for Cyber Insurance, comprehend claims scenarios and relate to policy coverage. It was also very beneficial to go through terminologies and definitions pertinent to the Cyber world.

5/5
Chief Operating Officer, Energy Company

ITC’s D&O and EPLI courses helped me understand the insurance proposals we receive AND to explain to my executive team and board members the risks we can (and cannot) manage through insurance.

5/5
David Marsh, Partner, Broker

Most insurance courses are either pitched at people learning about the subject for the first time or jump straight into advanced topics. The ITC courses do a great job for all learners and I particularly liked the online format since you can either spend time starting from the beginning or quickly move on to the areas of most interest to you. The course material also went beyond insurance policy language – addressing risk management, claims processes, what buyers should consider, and more.

5/5
Broker, Australia

ITC effectively tackles complex subject matters in a very creative manner. I would highly recommend to anyone looking to broaden their understanding.

5/5

Frequently Asked Questions

With ITC, you can take any course at any time. For the best learning experience, a prerequisite may be recommended in the course description.

At ITC, we want to hear from you! Our courses are specifically developed to provide relevant and up-to-date training on insurance topics. If there is something you’d like to learn or explore and we don’t have the course, please reach out!

We take pride in providing up-to-date relevant courses! ITC is committed to reviewing all course content at least once a year and making any necessary updates or additions to course materials.

We provide a digital certificate of completion for all successfully completed courses.

All ITC courses and subscriptions are priced in USD.

When you purchase a single course you will receive lifetime access to the course from any device. This includes any future updates to course materials.

We offer a risk-free 30-day money-back guarantee on all our courses. If you are not happy with your ITC course purchase you have up to 30 days from your original date of purchase to contact ITC at [email protected] to request a full refund. All we ask is that you provide us with the reason for your refund request. It is feedback from clients like you that helps us to improve our courses.

Cyber Insurance 101

$150.00
5 star rating

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