How Can That Not Be Covered? I Have Cyber Insurance!

Thomas H. Bentz Jr. is a Partner in our Washington, D.C. office.

Failing to negotiate coverage enhancements can leave huge holes in your insurance protection

HIGHLIGHTS:

• Many companies purchase cyber liability insurance to help cover their risk of computer fraud or attack. However, if not properly negotiated, some cyber insurance policies may not fully protect against all risks.
• A common and potentially costly issue in many insurance policies is a lack of coverage for "voluntary transfers" (i.e., where the insured is tricked into voluntarily transferring money to a third party). Coverage for this type of fraud is generally available but insureds need to ask for it.
• Holland & Knight's Insurance Team was recognized by two recent awards as the best insurance law firm in the United States.