Issue link: http://palletcentral.uberflip.com/i/842358
32 PalletCentral • May-June 2017 palletcentral.com SECURITY refine underwriting requirements based on type of loss, frequency of loss, and quite frankly, the misguided intelligence that continues to develop and perpetuate this activity. And, how does an insurer price cyber coverage? Rating is still a fluid proposition. The underwriting of cyber products today makes it an interesting place to be in the insurance world. Interesting and insurance – two words you probably would not align! But, think about it, not only do you have an insurance marketplace that's trying to reach a standard to accommodate the needs of today's insured across a broad spectrum of industry, but you also have, as mentioned, a rapidly developing exposure. My advice is to make sure you have cyber-coverage as part of your business insurance program. Talk to your insurance representative about the specifics of the policy (not all policies are created equal) and examine what you are doing within your own organization to minimize your exposure to this growing concern. PC Most potential insureds should expect increased scrutiny surrounding network security. In other words, how is your data protected? Bradley Van Swol is a vice president with Hays Companies, a nation- wide firm that provides risk management, insurance, and employee benefits consulting. He works primarily within the forest products insurance practice at Hays. He may be reached at 414-290-3581 or bvanswol@hayscompanies.com.