When responding to cyberattacks, commercial policyholders should carefully review all potentially applicable insurance policies and not overlook in place overages.
As covered currently at the insurancejusticelawyer.com a recent federal decision in a case involving an insurance dispute National Ink & Stitch, LLC v. State Auto Property & Casualty Insurance Company, No. CV SAG-18-2138, 2020 WL 374460 (D. Md. Jan. 23, 2020) (“National Ink”) lead to the Plaintiff being able to recover on a non cyber specific policy.
But the writing is on the wall, an operator any business should be looking to establish coverage for Cyber Specific events.
Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products.
Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.
We have vast experience in dealing with insurance companies.
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If you are seeking legal representation from a cyber computer claim, please contact our office to schedule a free and confidential appointment. Call us at 855-500-Claims
We handle Computer Cyber Insurance Cases all over Florida: Jacksonville, Tampa, Naples, Sarasota, Davie, Weston, Hollywood, Key Biscayne, South Beach, Sunny Isles, Aventura, Cutler Bay, Miramar, Deerfield Beach, Coconut Creek, Doral, Lauderhill, Miami Lakes, Pembroke Pines, Miami, Fort Lauderdale, Palm Beach, Jacksonville, Orlando and Ft. Meyers.