10 Tips For Buying Cyber Insurance - Perspectives on Insurance Recovery Newsletter - Summer 2012


Pillsbury's tips for reviewing cyber insurance policies—what to look for, ask for and include before you buy.

  1. Make sure your policy limits and sublimits are adequate
  2. Request "retroactive" coverage for prior, unknown breaches
  3. Watch out for "panel" and "prior consent" provisions that purport to tie your hands in responding to a breach
  4. Get coverage for claims resulting from your data vendors' errors and omissions, not just your own
  5. If you handle data for others, make sure your liability to them is covered too
  6. Seek coverage for "loss" of data, not just data theft
  7. Dovetail your cyber insurance with data vendor indemnities to maximize both
  8. Harmonize cyber coverage with your other insurance
  9. Get a subrogation waiver from your cyber insurer
  10. Negotiate favorable defense provisions

Written by:


Pillsbury Winthrop Shaw Pittman LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.