Cybersecurity » Perils Of Buying Cyber Insurance

Perils Of Buying Cyber Insurance

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March 30, 2017

The demand is rising, the choices proliferating, and the exclusions are numerous and complicated. This post, from an online publication aimed at CFOs (chief security officers), explains what’s happening and why, and what companies can do about it. Says one coverage attorney, “There are some policies that have so many enumerated exclusions and hidden exclusions in the definitions section that companies must carefully evaluate whether the insurer intends to provide any coverage at all.” This post identifies some things to watch out for and provides some negotiating tips, but also says this is one area where, for most buyers, the first move probably should be “seek professional help.”

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