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The good news on the cyber insurance front is that insurance companies are eager to sell the protection, and favorable terms can be obtained if you know what to look for. The bad news is that the market lacks uniformity and many policies are confusing and densely written. This session will provide participants with the tools they need to purchase the coverage they need. After overviewing the most important coverages, presenters will deliver ten tips for avoiding coverage traps and increasing the chances that the coverage grant covers actual risks. These include purchasing policies that cover evolving risks. Time element losses, breach of contract claims and data losses on cloud and third-party vendor systems. The session will also touch on claims handling practices that maximize the likelihood of full recovery.This program is being brought to you by Anderson Kill and the Alabama Chapter in connection with the Professional Exchange of Risk Knowledge, PERK 2017.
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