Security questionnaire answers › Governance
Do you carry cyber liability insurance? How to answer it in a security questionnaire
Why buyers ask this
Insurance signals that the company can cover costs if something goes wrong, and many contracts require it.
What a strong answer includes
- State coverage type and limit, or say you are in the process of obtaining it.
- Offer a certificate of insurance under NDA.
Sample answer to adapt
Replace the bracketed parts with your own facts. Only state what is true for your environment.
Yes. We carry cyber liability coverage with a limit of [amount] through [insurer]. A certificate of insurance is available on request. [OR: Coverage is in progress and expected by [date].]
Evidence to attach
- Certificate of insurance
Common mistakes
- Stating limits you do not hold.
Answer questionnaires from your own documents
Korrali Trust drafts answers from your policies and evidence so every response traces back to its source, and a person reviews it before it goes out.