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Cyber Insurance Primer

Series Overview
This is the first in a series of two webinars designed to provide an overview of what cyber insurance coverage is, how it works and how to procure it. It is essential knowledge for IT professionals, risk managers, general and outside counsel, and executives and directors.

 

Cyber crime, cyber attacks, cyber security are all buzzwords at the forefront of discussions by information technology professionals, risk managers and even the executive leadership. One more cyber idea should be added: cyber insurance.

Businesses insure against crime, liability for accidents, loss of their property, and the interruption of their business. Each of those coverages is based on a reasoned analysis that the company cannot afford the loss, with the recognition that under every policy some things are excluded. Cyber risks pose new and expensive liabilities, can damage computers, software and even a company’s operational assets (through the so-called Internet of Things), and shut down a business—and, absent the intentional procurement of coverage, are very likely substantially excluded from a company’s usual coverages.

 

Webinar Description

This program provides an introduction to cyber insurance and addresses the following topics:

  • Insurance basics and rules of policy interpretation
  • Why cyber insurance?  A cyber-related loss may not be covered under other policie
  • Cyber insurance 101: the assets and liabilities that may be covered
  • How a cyber security program (including NERC CIP compliance) reduces your risk exposure and makes you a candidate for cyber insurance coverage
  • Shopping for cyber insurance: a discussion of the current market for cyber coverage and recommendations on how best to engage it
  • Key terms to negotiate when purchasing cyber coverage

Topics

·         Key elements of a cybersecurity plan

·         Areas of accountability for plan development, implementation, maintenance, and incident response

·         Roles and responsibilities of vendors

·         Developing an incident response plan

·         Recovering from an incident

·         Importance of crisis communication

·         Cybersecurity insurance coverage basics

Speakers

·         J. Wylie Donald, Esq., Partner, Insurance Recovery Practice Group, McCarter & English LLP, Washington, D.C.

·         Jennifer Black Strutt, Esq., Associate, Insurance Recovery Practice Group, McCarter & English LLP, Stamford, Conn.

·         Ben Beeson, Vice President of Cyber Security and Privacy, Lockton Companies, Washington, D.C.

 

Registration Information

Individual webinars: $99 for APPA members; $199 for nonmembers

The 2-part series : $150 for APPA members; $350 for nonmembers

·         Webinar recordings are available if you miss the live session.

 

 

Product Code

6610

Available

Yes

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