Purchasing insurance coverage for today’s enterprises is more challenging than ever. Insurance policies have become increasingly complicated, with confusing insuring agreements, exclusions, and numerous — and sometimes conflicting — endorsements. New policy forms providing even more specialized coverages are constantly being developed. Understanding all these coverages, and how they should fit together within a company’s overall insurance program, is no small feat.
Whether a company is interested in a new stand-alone cyber policy or renewing its entire portfolio, it’s important to consider how courts and claims professionals tend to view policy language. The specific words, and even the punctuation, in an insurance policy can have a drastic effect on coverage. In addition, the constant emergence of new and serious risks, particularly in the areas of cyber and privacy, further complicate the insurance buying process.
I assist insurance buyers by negotiating for better coverages, clearer policy language, more narrow exclusions, and less burdensome conditions. I also help companies obtain appropriate coverage for today’s emerging cyber and privacy risks.
Leveraging your broker’s expertise, I work to provide companies with:
- Greater clarity concerning policy terms and coverages;
- Better alignment of policies across the company’s portfolio;
- Improved understanding of policy requirements, reducing the chance of a breach that might jeopardize coverage;
- Increased certainty that claims will be covered; and
- Better coverages for their premium dollars.
Please contact me to schedule a 15 minute call to discuss how I can help you select the right cyber coverage or improve your company’s overall insurance program.