Market Misconceptions

There are several misconceptions in the insurance market that can impact businesses risk management strategies. One common misconception is that general liability insurance covers cyber risks. However, cyber insurance is specifically designed to address the unique risks associated with data breaches and cyber-attacks. Another misconception is that management liability insurance is only necessary for large corporations. In reality, businesses of all sizes can benefit from this coverage, as legal actions can be brought against directors and officers in any organization.