IAPP Web Conference Recording
Mastering the Cyberinsurance Application Process –
How to Ensure Your Organization is Covered for a Cyber Event
Original Broadcast Date: May 18, 2017
Free for IAPP members
$49 for Nonmembers
Implementing a strong privacy program is the key to an effective cyber-related risk-management program. Yet, even robust privacy programs can be at risk in the face of a determined attacker. As you learned in our prior cyberinsurance webinar, "Evaluating and Purchasing Cyberinsurance: What you Need to Know," cyberinsurance is an essential piece of a well-rounded privacy program. The process of applying for and purchasing cyberinsurance, however, is far from easy. Applications require a detailed, yet not overly technical, explanation of your privacy program to allow potential insurers to adequately assess the risk of insuring your organization. Many insurers, however, include policy exclusions that can cause you to lose coverage for a cyber event or even have your policy rescinded due to perceived deviation from the privacy program described in your application. Minimizing the risks of rescission and policy exclusions are keys to ensuring your organization gets the coverage you purchased.
Join our panel of experienced professionals as they discuss the process of purchasing cyber coverage, the risks of a hastily completed insurance application, the importance of fully implementing the privacy program described in your insurance application, and necessary collaboration in the policy application process.
Click here for links to cybersecurity and privacy insurance applications from three different vendors to give you an idea of they type of information you can expect to provide when applying for cyberinsurance.
Joseph Cvelbar, CIPP/US, CIPT, FIP, Director of Global Data Privacy, Royal Caribbean
Brendan Hogan, Associate, Bradley Arant Boult Cummings
Aarti Soni, Senior Vice President/Cyber Claims Advocacy Leader, Marsh
Eligible CPE credit: CIPP/US, CIPP/G, CIPT, CIPM, CIPP/E, CIPP/C, and CIPP/A.
1.0 CPE credit