Category Archives: Third party insurance coverage

“Top Ten Tips for Companies Buying Cyber Security Insurance Coverage”

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cybersecurityMy former colleague, Kristi Singleton, and I recently co-authored an article for the Association of Corporate Counsel (ACC) with our top ten tips for corporations and other entities that are in the market to buy or renew cyber security insurance policies. The introduction is below:

Companies may spend a lot of time and effort to protect their confidential data, but they may miss prime opportunities to save costs and mitigate potential losses if they focus solely on protecting information, and ignore the benefits of purchasing comprehensive cyber-security insurance coverage. One way that companies can help protect their clients, and themselves, is to understand the scope of the insurance policies that they have, and purchase comprehensive cyber-security insurance coverage. All cyber-security insurance policies, however, are not created equal, so below are some tips that all companies should consider when purchasing or renewing a cyber-security policy.

We give advice that hits on high level insurance coverage considerations for cybersecurity risks, such as buying insurance coverage for first and third party risks, and more specific considerations, such as the scope of coverage for risks and transmissions of data outside of company offices.  To read the entire article, click here.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2012.

“10 Tips For Law Firms Buying Cybersecurity Insurance”

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Law FirmMy former colleague, Kristi Singleton, and I recently co-authored an article that was published in Law360 regarding cyberinsurance for law firms. The piece provides insights and tips for law firms and lawyers interested in purchasing a cyberinsurance policy. The introduction is below:

Law firms spend a lot of time and effort to protect their clients’ interests in a myriad of ways, from spending millions of dollars litigating a client’s case to spending hundreds of hours in due diligence before a deal closes. One often overlooked area in which law firms can serve their clients’ best interests is by protecting clients’ confidential or proprietary electronic data. Unfortunately, lawyers are often not considered to be the most technologically-savvy, and thus may be viewed as “easy prey” by hackers who may be…

The rest of the article is after the jump, and Law360 requires a subscription. To read the entire article click here.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2012.