As companies recognize that cyber risk cannot be eliminated, only managed, they are increasingly looking to transfer residual cyber risks through insurance. Still, many small and midsize businesses and law firms are going without cyber coverage, perhaps because of confusion about how to get the right policy. Despite the undeniable challenges presented by today’s cyber insurance market, businesses of all sizes can cut through the confusion and obtain the right cyber insurance for their enterprise by following this five step process:

Step 1: Identify Cyber Risks