Cyber Insurance for Employee Benefit Plans

This document is about the process and considerations for obtaining cyber insurance for employee benefit plans. It outlines the application and underwriting steps, including review of information security and privacy controls, determination of cost based on plan size and exposure, and past claims data. The document also covers what a cyber insurance policy should typically cover, how it complements other insurance like fiduciary liability, and key policy features to look for such as policy limits, breach response services, and insurer experience. It also provides insights on recent trends in cyber incident types affecting benefit plans.