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?