Private Schools Save Big with Cyber Liability Deductibles

The Role of Deductibles in Cyber Liability Policies

Deductibles in insurance policies are the amounts policyholders must pay out of pocket before the insurer begins to cover costs. Opting for a higher deductible can significantly reduce premium costs, making cyber liability insurance more affordable for private schools. By strategically selecting deductible levels, schools can balance immediate financial savings with long-term risk management needs. This approach allows educational institutions to allocate more funds to other critical areas, such as technology upgrades or educational programs.