Insurance and Risk Management for IoT Systems

Question ^*

What is the primary type of IoT system your organization utilizes?

1. Connected Devices (e.g., smart home, wearables)

2. Industrial IoT (e.g., manufacturing, logistics)

3. Smart Infrastructure (e.g., utilities, transportation)

4. Healthcare IoT (e.g., patient monitoring, medical devices)

5. Other (Please specify)

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Question ^*

What are your greatest concerns regarding the risks associated with your IoT systems?

1. Data breaches and cybersecurity vulnerabilities

2. Physical damage or malfunction of devices

3. Interruption of service and downtime

4. Liability for user injuries or property damage

5. Regulatory compliance issues

6. Other (Please specify)

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Question ^*

Does your organization currently have insurance coverage specifically designed for IoT systems or related risks?

1. Yes

2. comprehensive IoT-specific policy

3. Yes

4. but coverage is embedded within existing policies (e.g., cyber, property)

5. No

6. but we are actively seeking coverage

7. No

8. and we have no plans to seek coverage at this time

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Question ^*

What are the biggest challenges you face in managing the risks associated with your IoT systems?

1. Lack of understanding of IoT-specific risks

2. Difficulty assessing and quantifying risks

3. Availability of affordable and appropriate insurance options

4. Complexity of compliance with relevant regulations

5. Lack of internal expertise in IoT risk management

6. Other (Please specify)

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Question ^*

What features or services would be most valuable to you in an IoT insurance and risk management solution?

1. Cybersecurity risk assessment and monitoring

2. Real-time incident response and support

3. Coverage for data breaches and data loss

4. Coverage for device failure and related downtime

5. Liability coverage for incidents caused by devices

6. Predictive analytics and risk mitigation recommendations

7. Other (Please specify)

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