What would be the recommended insurance coverages (cyber, crime and E&O) we should request from a SaaS provider?

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CEO in Healthcare and Biotech10 months ago

To date the figures have been minimum $10M per incident and $10M cumulative, but this is a quick changing area

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Director / Sr Principal, Global Products and Technology in Healthcare and Biotech10 months ago

When engaging a SaaS provider, ensure they have robust insurance coverage including Cyber Liability (protecting against data breaches), Crime Insurance (covering fraudulent activities), and Errors and Omissions (E&O) Insurance (safeguarding against negligence or errors in services provided). Verify adequate policy limits and alignment with your organization's risk tolerance and consider legal advice to incorporate specific insurance requirements into the contract for comprehensive protection.

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