Private Schools Access Cyber Liability Insurance High Deductibles

Strategies to Manage High Deductibles

1. **Risk Assessment and Management**: Conducting thorough risk assessments can help schools identify vulnerabilities and implement measures to reduce the likelihood of cyber incidents. This proactive approach can sometimes lead to lower deductibles, as insurers may offer better terms to institutions that demonstrate strong cybersecurity practices.

2. **Bundling Insurance Products**: Some insurers offer discounts or more favorable terms when schools bundle cyber liability insurance with other types of coverage, such as general liability or property insurance. This strategy can help manage overall insurance costs.

3. **Negotiating Terms**: Schools should not hesitate to negotiate terms with their insurers. By demonstrating a solid cybersecurity framework and a history of minimal claims, schools can often secure better rates or lower deductibles.