“During an XChange session titled ‘What An MSP Needs To Know About Cyber Insurance,’ …Paul Vedder, managing director of Palm Beach Grardens, Fla.-based VXI…agreed that compliance is becoming a larger segment of their business relationships with customers.
Vedder, responding to questions from panel moderator Jim King of Atlantic Pacific Insurance, said that MSP personnel need to be careful about telling customers how they should answer specific questions on insurers’ application questionnaires, saying they ultimately are not insurance or legal experts.
‘You don’t necessarily want to give them that simple yes or no answer,’ Vedder told attendees at a special security workshop at XChange NexGen. ‘You want to give them the context around that answer.'”
Implied: Giving more than “context” for client answers on cyber applications could create liability for the MSP if cyber insurers come back looking to recoup losses after a hack.
Source: MSP Panelists: Be Cautious When Handling Customers’ Cyber Insurance Questions | CRN