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Beecher Carlson’s Chris Keegan Featured in Risk & Insurance Cyber Article

Cyber: A Tale of Two Markets

Inconsistencies in the cyber insurance policies can lead to “Swiss cheese towers” of coverage. 

You know a risk category is mature when people start to refer to it as “traditional.”

The cyber market is a perfect example. Despite the evolving nature of cyber risk, the industry has developed a set of traditional coverages that are well understood by underwriters and buyers alike.

Those policies include both first- and third-party coverage for well-known risks like privacy liability, breach response costs, cyber extortion and lost revenue from a hack; however, non-traditional risks such as physical damage and bodily injury resulting from a cyber breach or system failure pose new threats and challenges.

Read the full article, “Cyber: A Tale of Two Markets,” here.

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