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Commercial Risk

Manage Cyber Security in the Nonprofit World

The Baldwin Group
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Updated: March 18, 2025
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1 minute read

Technology is an intrinsic part of the way all organizations operate. From the laptops employees use, to payment processing systems and databases, modern businesses depend on technology. Protecting the investments you make in your digital ecosystem requires building a culture of cybersecurity. Becoming cybersecure isn’t something that happens overnight – it takes time, effort, and collaboration.

If protecting valuable digital assets and being cybersecure are strategic priorities for your organization, you’ll want to consider the benefits of cyber insurance. Here’s what you should keep in mind.

Insurance essentials to help protect your organization

CHOOSE THE RIGHT PARTNER

To make the most of your coverage, partner with an advisor who has a deep knowledge of cyber liability coverage and the cyber insurance marketplace. An experienced advisor will be able to walk you through the numerous tools that policy holders can take advantage of, which vary from carrier to carrier.

UNDERSTAND YOUR POLICY

Sitting down with your advisor to ensure you fully understand the policy you are purchasing has numerous benefits. Ask about notable exclusions, how your limits and deductibles compare to those of your peers, and the types of common cyber incidents that are covered. This helps you maximize the resources a carrier provides, learn where there may be coverage gaps, and know what to expect should a cyber event occur.

BE PREPARED FOR RENEWAL

Being ready for renewal is especially important with cyber insurance, as carriers may add more requirements for coverage that can take your organization time to implement. Your advisor should reach out well ahead of time to make sure you’ll be ready, and translate what carriers expect to see.

We understand that managing the complexities of cybersecurity can seem overwhelming, but with guidance from a trusted advisor, you can create proactive strategies to stay ahead of the evolving threat landscape.


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