As cyberattacks against K–12 districts become more frequent and more sophisticated, school leaders are paying the price in the form of cyber liability insurance premium hikes. One school district in Illinois reported a 334% premium cost increase, and a Gallagher Report suggests this number isn’t out of the ordinary. The 2022 “Cyber Market Conditions” report indicates school districts may face a 100 to 300 percent increase in the cost of premiums if they don’t have “best in class” security controls in place.
In some instances, insurance companies may refuse to cover districts without adequate…