Everyone’s Working From Home Due to the Coronavirus – Is There Insurance Coverage for a Data Breach?

guest · Apr 18, 2020

Everyone’s Working From Home Due to the Coronavirus – Is There Insurance Coverage for a Data Breach?
April 17, 2020
https://www.jdsupra.com/legalnews/everyone-s-working-from-home-due-to-the-84369/

Most organizations are now requiring that their employees work from home (“WFH”) with the ongoing COVID-19 (commonly referred to as the Coronavirus) pandemic. These remote working arrangements provide new opportunities for hackers to infiltrate computer systems, and not surprisingly, attempted cyber attacks are on the rise.

However, in the event of a breach or other incident, there may be limitations in your cyber liability insurance policy based upon the type of hardware being used. Businesses need to be proactive to protect themselves from attacks by practicing vigilant cyber safety, and also reviewing their insurance policies in detail for coverage considerations prior to the occurrence of any cyber incident.
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Am I Covered For a Cyber Incident?
One issue that may be overlooked is that many cyber liability insurance policies make a distinction between computer hardware owned by the insured company and computer hardware or other devices owned by company employees.

This distinction becomes critical as the insuring agreements may limit or exclude coverage for computer hardware that is not owned by the named insured.
The insurance policy may also have other requirements related to the use of personal devices by employees, such as requiring a formal written policy to address the use of such devices.

Depending on the cyber liability policy, there may not be coverage for the use of such non-company owned hardware. And in the event of a breach or other cyber incident, there may not be coverage for subsequent damage or other coverage that you expect to have.
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Why Does This Matter

Cyber safety measures should be employed throughout your organization. This includes providing direction to all employees working remotely about the use of personal devices.

Cyber liability insurance policies should be reviewed by experienced cyber insurance coverage attorneys to understand all available coverages and limitations.

It is best to be proactive and immediately complete an insurance review to ensure you have the coverage you expect during this pandemic.

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Circuit · Apr 18, 2020

mood said: ↑

Everyone
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Really?

Don't think so.

BriggsAndStratton · Apr 18, 2020

I doubt it. It would be too risky to offer such a product.

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Everyone’s Working From Home Due to the Coronavirus – Is There Insurance Coverage for a Data Breach?

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