Cyber insurance policies are notoriously complex and inconsistent. As a relatively young and highly competitive insurance market, carriers are constantly looking for ways to differentiate their cyber products. This means there's a lot of variation in the policy language, coverage offered, endorsements and sub-limits in the insuring agreements. While market competition is great for insurance brokers because it gives them options to present to their clients, the lack of standardization in the cyber insurance market can be a real headache for the distribution force.
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