Setting Your Company Up to Win Cyber Insurance Battles

Incident response plans should include preparation for insurance disputes, especially if litigation occurs, because the process of securing proper coverage and reimbursement can be fraught. This article covers how companies can put themselves in a position to win cyber insurance battles and how the latest class action developments affect incident response, based on insight from Sheppard Mullin, Barnes & Thornburg, Faegre Drinker and John Reed Stark Consulting. Companies should “treat cyber insurance and litigation proactively and not as an afterthought,” starting from ensuring that a robust cybersecurity program exists at the point of applying for insurance, said Sheppard Mullin partner Kari Rollins. See “What Cyber Insurance Covers, What to Watch For and How to Get the Right Policy” (Dec. 4, 2019).

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