Insurance Coverage for Data Breaches

Maximize your company's insurance coverage in the event of a data breach or network intrusion.

Businesses in all industries are vulnerable to data breaches, network intrusions, data privacy claims, and cyber theft or extortion. A privacy event involving a company's loss, theft, or inadvertent disclosure of data, whether from employees, users, or customers, implicates a complex web of state and federal laws and regulatory frameworks. On top of this, the often-required public disclosure of a company's loss, theft, or inadvertent disclosure of data is likely to invite demands, litigation, or a government investigation. In other words, data breaches and network intrusions can become expensive problems for a business. This presentation provides business leaders, in-house counsel, risk managers, and privacy professionals with the tools to understand how to maximize your company's insurance coverage in the event of a data breach or network intrusion. We will first focus on the types of claims likely to arise out of a data breach or network instruction and the aftermath, followed by a discussion on the core types of insurance coverage that are likely to respond to a data breach, network instruction, and any claims, lawsuits, or investigation that follow. The program will close by providing best practices on how to prepare and report claims and proofs of loss to your company's insurer(s) and by briefly discussing ways to leverage commercial agreements to provide additional avenues to obtain insurance coverage in the event of a data breach or network intrusion. This information will help you better prepare your company to anticipate and respond to a data breach or network intrusion.

Faculty

Bradley H. Dlatt

Perkins Coie LLP

Peter L. Tracey

Perkins Coie LLP