A recent court decision highlights why policyholders should have coverage for cyber claims under other insurance policies and not just under a dedicated cyber insurance policy. (Photo: ipopba/Adobe Stock)
The U.S. Court of Appeals for the Fifth Circuit recently ruled that the policyholder is entitled to defense coverage under a commercial general liability (CGL) policy for a $20 million lawsuit after a cyberattack grabbed payment card information from its computer systems.
The decision is significant because it underscores how insurance coverage for cyber claims can come under different insurance products.
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