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How to Purchase Cyber Insurance

Cyber insurance can be a valuable asset within a strategy to address and mitigate cyber security, data privacy, and other risks. But selecting and negotiating the right insurance product can present a significant challenge.

By Roberta D. Anderson | Updated on November 20, 2013

Roberta D. Anderson, a partner in the Pittsburgh office of K&L Gates LLP, concentrates her practice in insurance coverage litigation and counseling. She has represented policyholders in connection with a wide range of insurance issues and disputes arising under almost every kind of insurance coverage, including general liability, commercial property and business interruption, cyber-liability, directors and officers, errors and omissions (“E&O”), technology E&O, professional liability, employment practices liability, political risk, environmental, fidelity, fiduciary, crime, terrorism, residual value, nuclear, and other insurance coverages, and in broker liability disputes. She can be reached at [email protected].

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Cyber insurance can be an extremely valuable asset in an organization’s strategy to address and mitigate cyber security, data privacy, and other risks. But selecting and negotiating the right insurance product can present a significant challenge given, among other things, the lack of standardized policy language and the fact that many “off the shelf” policies do not adequately match the organization’s risk profile. The following five tips will help to facilitate a successful cyber policy placement.

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