Business Interruption Coverages and Contingencies in Cyber Policies

April 12, 2018 10:15am

Linda Kornfeld
Partner
Blank Rome LLP (Los Angeles, CA)

Robert Parisi
Director
Marsh (New York, NY)

Colin Raufer
IP Counsel, BDS
The Boeing Company (Arlington, VA)

Ken Suh
Technology Media and Business Services
Beazley (Chicago, IL)

  • Broadening triggers for business interruption claims
  • Identifying the differences between cyber coverage for business interruption claims vs. business interruption for property damage
    • Examining how policies are triggered
  • Understanding what carriers are willing to cover for business interruption claims
    • Determining the factors underwriters are looking for when underwriting business interruption
  • Analyzing the recent surge in contingent business interruption claims
    • Evaluating third party risks, resulting claims coverage, and underwriting challenges
  • Realizing the need for more data and modeling to interpret risks for business interruption/contingent business interruption