Saving Tips for Business Insurance?

curious boss asks: "I have a question for the IT manager types out there: does anyone know how much a business can save on their annual insurance premiums by having their information security policies and procedures audited once a year? How much would an audit cost? I know those are vague questions, but if there's a rule of thumb (eg, cost per server, or cost per employee), or even pointers to getting more detailed information, that would be great."

Re:I don't know, but...

[Anonymous Coward]

That's a strange answer. Why would you make that wild-ass claim? Ever talked to an insurance agent that had a clue as to how the actuaries created the rate tables? For my actuary test, I've completed more than twenty times the amount of study that the ridiculously easy CPA test requires. To sell insurance you can be even more of a complete uneducated idiot than a CPA. Those idiots have no clue how us actuaries create the rate tables. That's why the morons that sell insurance make $20k or less per year plus commission, while an actuary that's passed all of the tests averages more than $193k per year.

You really need to talk to someone that knows something about insurance. An insurance agent knows nearly nothing about the business. That's like asking the janitor at Microsoft for help programming. It's a completely idiotic statement.

Re:Ask Slashdot?

[Anonymous Coward]

Couldn't you make this reply to just about every Ask Slashdot post? What do you think this forum is for? If we wanted to just find out some quick information we would use Google, but if we want to hear about experiences of other technical users, Ask Slashdot is a great place to find out. If you hate this idea so much, turn off the Ask section in your preferences.

Re:I don't know, but...

[Fished]

Uh huh. But the answer this guy needs could come straight of the table.

The way things are going...

[acvh]

pretty soon you won't be able to get insurance at all without the audit.

as for the guy and his actuary comment - look, I hate insurance salesmen, too. I know too many of them. but for a business person looking for a rate quote they are a necessary evil. you can't have people calling actuaries for information, actuaries can only communicate with other actuaries.