Frequently Asked Questions about Cyber Insurance

Published:
Briefs, Case Studies, Papers, Reports
Author(s) and Contributors:
Contributions by: Craig McAllister Sue Liden Juan Azcarate Todd Beekley Alexander Magid Paul Davis Ron Loneker Sean Hagan Robert Wiley Bill Hunkapiller
Source(s) and Collection(s):
Sources(s): EDUCAUSE Publications
ParentTopics:
Chief Information Security Officer (CISO) Cloud Security Compliance Cyber Insurance Cybersecurity Data Breach Data Privacy Data Security Family Educational Rights and Privacy Act (FERPA) Identity Theft Intrusion Detection and Prevention Security Risk Management

A Resource Created by URMIA and EDUCAUSE

This document contains advice intended for general information only. To learn how cyber insurance applies to your institution, please contact your institution's risk management office or chief information officer. This document is not legal advice. For legal advice, please contact your legal counsel.

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Acknowledgments

This resource was created as a collaborative effort between members of the University Risk Management and Insurance Association (URMIA) and EDUCAUSE. This resource was originally developed in 2017, was updated in 2021, and again in 2025. We hope that this resource will be useful to you as your institution considers cyber liability risk insurance. The following individuals participated in the working group that wrote this publication:

  • Rick AmRhein, Chief Information Officer, Valparaiso University
  • Todd Beekley, Senior Associate Director of Enterprise Risk Management, University of Cincinnati (contributed to original version of FAQ)
  • Brian Kelly, Cybersecurity Program Director, EDUCAUSE
  • Blake Lovvorn, Assistant Director Risk Management, University of Central Florida (contributed to original version of FAQ)
  • Robert Parisi, Managing Director and Cyber Product Leader, Marsh (contributed to original version of FAQ)
  • Andy Weisskopf, Information Security Officer, Binghamton University
  • Lisa Zimmaro, Associate Vice President, Risk Management & Treasury, Temple University
  • Joanna Grama, Associate Vice President, Vantage Technology Consulting Group
  • Glenn Klinksiek, Resource and Education Manager, URMIA (original version)
  • Gary Langsdale, Education Manager, URMIA (2021 version)

The working group especially thanks Robert Parisi for his contributions of the technical description of cyber insurance.

© 2025 EDUCAUSE. This work is licensed under a Creative Commons BY-NC-ND 4.0 International License.