Cyber Risks Insurance: Law and Practice

• Clear guidance explaining cyber risks exposures, cyber security assessment, and the necessary insurance coverage to protect you.
• Sample exclusion clauses issued by the Lloyd’s Market Association, International Underwriting Association and other leading industry organisations.
• Includes a selection of practical clauses on issues such as cyber non-aggregation, information technology hazards, terrorism, ransom, and cyber-attacks. Takes a detailed look at cyber risks modelling and the underwriting of cyber risks.
• Examines the GDPR regime and new procedural requirements for compliance as well as the criteria for data breach notification and for the insurability of fines.
• Looks at silent cyber exposure, coverage and exclusions (e.g. CL380 and NMA2914/5) including property, construction, marine, and liability lines of insurance.
• Examines cyber incidents, claims issues and the emergence of Court disputes in this area – with comparative analysis of recent US cases.
• Addresses first party coverage issues including those relevant to network security breaches.
• Discusses the extent of cyber crime coverage including the crimes of extortion and fraudulent transfer of funds, among others.
• Explains business interruption coverage and key issues such as gross profit and revenue, period of coverage, trends clauses, and extended reputation coverage.
• Commentary on third party liability coverage including privacy and media liability issues.
• Outlines the state of the standalone cyber insurance market along with the growing risks and future developments.
• Written from a UK perspective with additional analysis of the most relevant US cases as well as the legal positions in Australia and New Zealand.

TABLE OF CONTENTS