Cybersecurity Insurance Purchase Justification

Prepared by:

Date:

Department/Business Unit:

1. Executive Summary

a. Overview of Current Risk Posture and Threats b. Recent Incidents (if any)

Describe potential impact of cyber incidents on business operations, finances, and reputation

a. Existing Security Measures b. Identified Gaps & Residual Risks

a. Coverage Options Evaluated b. Recommended Policy and Provider c. Key Features and Limits

Summarize premium costs, deductible amount, and potential financial benefits

List relevant compliance, regulatory, or contractual requirements