Insurance
Dec. 3, 2019
Insureds still seek coverage for breaches under traditional policies
While cyber insurance is specifically designed to address these kind of losses, insureds covered under traditional insurance products such as commercial general liability, errors and omission, and crime policies have continued to seek coverage under those policies for computer-related losses.
Peter S. Selvin
Partner
Ervin, Cohen & Jessup LLP
Phone: (310) 281-6384
Email: steve@newsroompr.com
Chair of Insurance Coverage and Recovery Department
There have been a number of high-profile insurance coverage cases arising from losses due to cyber fraud -- especially data breaches, "spoofing" and payment instruction fraud. While cyber insurance is specifically designed to address these kind of losses, insureds covered under traditional insurance products such as commercial general liability, errors and omission, and crime policies have continued to seek coverage under those policies for cyber-related losses.
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