The Fundamentals of Cyber and Data Risk Insurance Coverage

January 16, 2015 2:50pm

Linda D. Kornfeld
Managing Partner
Kasowitz, Benson, Torres & Friedman LLP

Laura A. Foggan
Wiley Rein LLP

John Merchant
Senior Vice President, Cyber Liability Underwriter

  • What is Cyber insurance? And why isn’t my current insurance enough?; Why traditional insurance policies such as CGL don’t work; Why your current property insurance may not cover the direct costs of the data breach
  • How cyber and data risk insurance really works: Basics of cyber insurance policies
  • Understanding the language used in the policies to better communicate to your clients: Key provisions to look for (coverage, definitions and exclusions)
  • Overview on guidance from claim to post-breach costs
  • Cyber Risk Insurance Nuances: Usage based insurance (UBI); General liability policies; What policyholders should be looking for in a cyber policy; Key considerations for cyber liability coverage; Pricing, selling and marketing cyber risk policies; New coverage options