If a company merges or acquires another entity, how does this affect its existing cyber insurance coverage?
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Merging or acquiring another entity can impact a company’s existing cyber insurance coverage. The effects can vary depending on the specifics of the merger or acquisition, the terms of the existing cyber insurance policy, and the actions taken by the companies involved. In some cases, the coverage may need to be revised, updated, or combined to address the increased risk exposure resulting from the merger or acquisition. It is important for companies undergoing such changes to review their insurance policies and consult with their insurance provider to ensure that their cyber insurance adequately covers the expanded operations and potential liabilities.