Despite Elevated Fears, Contractors Still Lack Cyber Insurance
October 25, 2024
Half of surveyed contractors don’t have cyber insurance, a new survey from New York City-based insurance firm Travelers found. The 2024 Travelers Risk Index, which began publishing in 2014, asks business insurance decision-makers from U.S. companies of various sizes and industries about the issues that worry them most, according to a news release announcing the results. This iteration, conducted by Hart Research, counted 1,202 respondents across eight industries. For the fourth time in six years, cyber threats ranked as the top concern for survey participants. A record number of participants, 62%, say they worry some or a great deal about cyber risks.
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