The following column appeared in the September 2012 issue of the
Advisen Cyber Journal.
Lawyers typically fancy themselves as the smartest
people in the room. Many certainly have the largest egos in the
room. But when it comes to keeping their own houses in order? Well,
not so much. Its akin the shoemaker whose children go
barefoot.
The same flaw appears to apply with equal force and
effect with respect to accountants. And consultants. And, perhaps
most incredibly, insurance brokers.
Perhaps you've figured out where I'm going with
this. But in case you haven't, here's what I'm getting
at. Counter-intuitive as it may seem, anecdotal reporting from a
number of underwriters I've spoken with suggest that
intelligent, thoughtful, (sometimes) rational people who bill
others hundreds of dollars an hour or make sizable commissions for
dispensing professional advice do not abide by their own wisdom and
don't buy cyber/technology/privacy ("CTP")
insurance.
