DATE: Friday, July 29, 2016
TIME: 10:45 AM - 12:15 PM
ORGANIZER: 2016 Florida RIMS Educational Conference
The good news on the cyber insurance product 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 still lacks any semblance of uniformity and many policies are confusing to say the least. 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 granted covers actual risks. These include purchasing policies that cover evolving risks, time element losses, reputational damage, extortion and ransomware, PCI-related claims, breach of contract claims and data losses stemming from hacks on cloud and third-party vendor systems. The session will also touch on claims handling practices that maximize the likelihood of full recovery as well as syncing cyber coverage up with CGL, property insurance and crime insurance.