Read fine print on cyberthreat coverage

INCREASED INTEREST: Carey, Richmond and Viking Insurance, a broker in Middletown, said inquiries and discussions from small to midsized businesses about cyber insurance coverage are up 10 to 20 percent since last year. From left, Jeff Boldt, director of commercial insurance; Irene Leary, marketing manager; and David Andrade, president.
 / PBN PHOTO/RUPERT WHITELEY
INCREASED INTEREST: Carey, Richmond and Viking Insurance, a broker in Middletown, said inquiries and discussions from small to midsized businesses about cyber insurance coverage are up 10 to 20 percent since last year. From left, Jeff Boldt, director of commercial insurance; Irene Leary, marketing manager; and David Andrade, president.
 / PBN PHOTO/RUPERT WHITELEY
Owners of small to midsized businesses are increasingly worried about their exposure to cyber risks, including data breaches, and are turning to insurance protection in greater numbers. While that’s advisable, brokers and attorneys say the details are important, because cyber-risk insurance is evolving and carries many exclusions. Oftentimes, business owners may think they’re covered, but…

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