Cybersecurity Insurance Initial Considerations

Summary

This practice note addresses basic coverages in a cybersecurity insurance policy, such as expense coverage or first party costs, and third-party costs, which include coverage for liability. In addition, it outlines that other matters can be addressed, such as reputational harm, social engineering fraud, and contingent supply-chain coverage. It also identifies additional provisions to note within a policy, such as a retroactive date and a duty to defend.