Indeed, the financial risks to companies from cyber attacks are increasing at an alarming rate, according to recent research by McKinsey & Co. Similarly, many smaller companies may not have adequate contingent business interruption insurance coverage.
Adding comprehensive or supplemental cyber risk and BI coverage through a captive should be considered an important contingent component to any company’s strategic risk management plan. These risks are real for most companies, and the potential damages to a company’s revenues and profits can be significant.
