Cyber Insurance Understood
Cybersecurity and the insurance covering it are complicated areas. The cyber threat landscape is evolving rapidly. Every business in every sector is vulnerable to data breach and denial-of-service attacks. Canadian cyber policies and endorsements are not standard, with many different wordings and coverage variations in the marketplace. Cyber insurance is no place for dabblers.
I have 25 years experience as a lawyer practising insurance coverage and dispute resolution. I have troubleshot complex commercial coverage disputes across North America involving many different policy types and coverage scenarios. On the underwriting side, I have drafted numerous commercial insurance policy wordings and endorsements.
Outside my legal practice, I have spent the last five years leading business development for cutting-edge international cybersecurity companies entering the North American market.
Promoting these cyber tech companies to leading system integrators, resellers and thought leaders has taught me a great deal about cyber risks and technologies.
SERVICES
Cyber Insurance Assessment
Cyber insurance is difficult to understand. It requires technical knowledge and a keen understanding of the evolving threat landscape. Unlike other forms of insurance, there is a vast disparity in cyber wordings and coverages available on the market. Many significant coverage restrictions appear innocuous to the untrained eye.
Ensure that you know the scope of coverage being offered before you renew your current policy or buy cyber coverage for the first time. For a reasonable flat fee, I will provide you with a comprehensive, impartial and privileged assessment of your cyber coverage. I will review your policy and explain in plain language what coverages you have and do not have. I will point out any pitfalls in your coverage and provide you with advice to lower your insurance costs. I will also provide you with insights from a leading cyber broker about the cost and availability of upgrades to your cyber insurance.
Contact me to discuss your company’s coverage in confidence. I can work with your risk management team and your broker to identify coverage gaps and to find the coverage that best protects your business in this fast-evolving cyber threat landscape.
Underwriting Legal Services
Cyber insurance is a nascent product. Wordings on the market are inconsistent in their terms and their coverage. Cyber policies need to be carefully worded to reflect the intention of the parties and to meet the changing threat landscape.
Insurers, put my years of commercial insurance experience and my understanding of emerging cyber threats to work for you. I am eager to work with insurers to bring more robust and intelligible cyber coverage to market. Call me to discuss how I can help.
Post-breach Dispute Resolution
When a cyber breach occurs, businesses depend upon prompt action from insurer-funded service providers to assess the damage, determine and comply with regulatory requirements, mitigate business interruption, and restore operations.
Disputes with insurers about the nature of the loss and the scope of coverage can hamper recovery and increase downtime. Cyber insurance disputes need to be resolved quickly and skillfully.
After 25 years acting for and against numerous insurers in all kinds of policy disputes, I know how to find pragmatic solutions to insurance problems.
Contact me at no cost for an initial consultation.