Compare your expiring cyber policy to the renewal side-by-side. Spot coverage changes, exclusions, and sublimit reductions before binding.
The most common coverage changes at cyber renewal are new exclusions, sublimit reductions (ransomware commonly capped at 50% or less of total limit), deductible and coinsurance increases, and business interruption coverage narrowing. Brokers manually compare policies by opening the expiring and renewal documents side-by-side, checking policy limits, identifying exclusions, and reviewing Year-Over-Year Changes documents. Critical comparison failures include missing that ransomware is now sublimited, overlooking a retention increase that costs the client thousands more in first-dollar risk, discovering a new exclusion only after a claim, and not flagging that business interruption waiting periods increased. The highest-stakes misses are coverage gaps created by new exclusions, retention increases that weren't negotiated, and sublimits that reduce recovery amounts below business need.
Broker receives renewal policy quote and retrieves expiring policy from file (if available). Broker opens both documents and compares: overall limits, sublimits (ransomware, business interruption, etc.), deductible/retention amount, exclusions list, coinsurance percentage, and coverage definitions. Broker consults Year-Over-Year Changes document for high-level summary. Broker creates a summary for client flagging key differences. Comparison is line-by-line manual review, error-prone for complex policies.
Expiring policy documents often missing or difficult to locate. Different policy formats and terminology across carriers make side-by-side comparison difficult. Sublimits buried deep in policy language. Exclusions scattered throughout document. No automated flagging of high-stakes changes. Business interruption waiting periods and other subtle changes overlooked. Comparison is time-consuming and error-prone.
Structured comparison showing: each coverage field, expiring value, renewal value, change indicator (new/increased/decreased/removed), severity flag (retention increase, new exclusion, sublimit reduction), financial impact where calculable, and action items (negotiate sublimit, verify exclusion acceptable).
Coverage Comparison Tool accepts renewal and expiring policy documents. Extracts coverage fields, limits, exclusions, sublimits, deductibles, coinsurance. Displays side-by-side comparison with visual change indicators. Flags high-stakes changes and calculates financial impact of deductible increases.
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Use coverage comparison tool →“Policies now contain more exclusions and sublimits that can significantly reduce actual payout amounts, with ransomware sublimits of 50% or less of the overall policy limit becoming common.”
“Coalition will provide a Year-Over-Year Changes document, which summarizes changes from the expiring policy to the renewal quote.”
“Many policies exclude coverage for social engineering attacks, which is particularly problematic because social engineering has become one of the most common attack vectors.”
“Carriers have tightened policy terms and conditions to reduce unexpected losses, resulting in fewer coverage options, stricter standards, and more exclusions for policyholders.”