Risks falling under the general term “cyber liability” can give rise to both first party and third party losses. For example, a firm subject to a cyber-hacking event may have coverage under a property policy in respect of damage its own hardware and software. A cyber liability event may also give rise to a claim in negligence to which an errors and omissions policy, or possibly a claim to which a directors’ and officers’ policy may respond.
September.19.2014
Coverage for cyber-liability under Commercial General Liability Policies
