Corporate Insurance Blog

In her article, Cloud computing risks generally covered by cyber insurance, Business Insurance author Judy Greenwald writes about cloud computing and whether risks associated with the cloud might be covered by cyber insurance.

The article opens:

Insurance coverage for cloud users generally falls under firms’ cyber risk policies, observers say.

That’s because cyber policy language generally is broad enough to cover cloud computing, and observers say they do not anticipate the need for separate cloud computing policies.

The article provides viewpoints from multiple people who deal with insurance and cyber risk issues.  Ms. Greenwald quotes brokers and underwriters who deal with these risks.  Ms. Greenwald also quoted me in the article, writing:

Scott N. Godes, [formerly] of counsel at law firm Dickstein Shapiro L.L.P. in Washington, said he has seen few if any policies where cloud computing is specifically named in an insurance policy, but liability policies and even first-party policies typically are written so that the language covers cloud computing.

In addition, there are variations among various insurers’ forms and even within multiple forms offered by an individual insurer, said Mr. Godes. “Close attention should be paid to when the term “computer system’ or “computer network’ is defined, if those are the operative terms of what is covered,” [to] ensure problems related to cloud service providers are covered, he said.

Want to read the other opinions and thoughts offered on the subject?  Then click on over to Cloud computing risks generally covered by cyber insurance to read the entire article.

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