How are cyber liability insurance premiums determined?

Factors include business size, industry, types of data handled, security measures in place, and prior cyber incidents.

Premiums depend on factors like the number and type of vehicles insured, driver history, bond amount, claims history, and the perceived risks of business operations.

A subcontractor files a claim after an accident damages their van and tools, with Commercial Auto & Bond covering repairs and liability.

Implement driver safety training programs to reduce accidents and maintain a clean claims history, lowering premiums over time.