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Buying security insurance

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alucian

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Location: Montreal, Canada

Post Sat Nov 28, 2009 10:46 pm

Buying security insurance

Hello guys,

I would like to have your feed back on a subject I am interested in. During my studies I learn that one of the methods to mitigate risk is to buy insurance. But that was all, I didn’t found more specifications, even after I did some research on net.

So, I would like to ask you if you ever did this; maybe you have some links to companies that sell this kind of insurance (I am interested in companies from Canada), and maybe some case studies.

I imagine that the insurer will ask that the client have some security mechanisms and procedures in place, or even compliance to some standards.
Q: Who’ll check this compliance? Can a 3rd party company to do this?? (It can be a new business for my Co).

How do you make recommendations to the client?
How do you obtain quotes, and more important what can you insure – can you be insured against hacking, or accidental data loss, or…what?

Thanks,
Lucian
CISSP ISSAP, CISM/A, GWAPT, GCIH, GREM, GMOB, OSWP
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Data_Raid

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Post Thu Dec 03, 2009 12:22 pm

Re: Buying security insurance

Have you had a look at Chubb: http://www.chubb.com/businesses/csi/chubb822.html

Here's another article that might be helpful explaining the procudure's and policies: http://www.csoonline.com/article/217739 ... _a_Premium

HTH
All men by nature desire knowledge.

Aristotle
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alucian

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Posts: 228

Joined: Mon Dec 29, 2008 2:01 pm

Location: Montreal, Canada

Post Thu Dec 03, 2009 10:10 pm

Re: Buying security insurance

Thank you for the answer. I will look on the both websites.

Lucian
CISSP ISSAP, CISM/A, GWAPT, GCIH, GREM, GMOB, OSWP

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