Until a few years ago, all underwriting knowledge how to assess cyber risks was available on the London and US markets. In the CEE area it relied entirely on extensive risk assessment forms, sent between companies, brokers and insurers in PDFs’ The forms were mostly based on YES / NO answers. If we combine this with the lack of local competences, we get poor risk assessment quality and real...
Who is the professional liability insurance offer addressed to?
The professional liability insurance policy is primarily addressed to IT specialists working on B2B contracts. It is commonly accepted to call such specialists “contractors”. The specialist conducting business activity bears full civil liability for the work he/she performs. Unlike a full-time employee, liability...