/PRNewswire/ The "Global Cybersecurity Insurance Market by Component (Solutions and Services), Type (Standalone & Packaged), Coverage (Data Breach & Cyber.
Global Cybersecurity Insurance Market to Reach USD 33.4 Billion by 2028, Driven by Rising Cyber Threats and Regulatory Compliance tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
Global Cybersecurity Insurance Market to Reach USD 33.4 Billion by 2028, Driven by Rising Cyber Threats and Regulatory Compliance itnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itnewsonline.com Daily Mail and Mail on Sunday newspapers.
As community association board members serve as the governing body of neighborhoods, preserving their vitality and protecting their assets becomes a collective responsibility. In the realm of safeguarding, a vital practice is the annual review of insurance policies. In addition to essential coverages such as Property, Liability, and Building and Ordinance policies, let’s look at other coverages you may not have considered and some best practices for reviewing them.
1. Directors and Officers (D&O) Insurance:
Boards of directors serve to make decisions on behalf of the community. However, even the most well-intentioned actions can attract legal challenges. D&O insurance protects board members against claims of negligence, errors, or unintentional wrongful acts while carrying out their duties. This insurance offers coverage of defense costs and indemnification in case of legal proceedings, shielding board members from personal financial ruin.
2. Cyber Liability Insura