Private Schools Access Cyber Liability Insurance High Deductibles

The Impact of High Deductibles

High deductibles are often a double-edged sword; they lower the premium costs but can lead to substantial out-of-pocket expenses when a claim is filed. For private schools, this means that while the monthly or annual insurance costs may be manageable, the financial hit during an actual cyber incident could be severe. It's crucial for school administrators to weigh these costs against the potential risks and explore various options to find a balance that suits their financial capabilities.