As new and comprehensive privacy and cyber regulations continue to proliferate across the globe, I’m frequently asked if cyber insurance covers claims for related regulatory investigations, fines, and penalties. Although the answer to that question requires an in-depth review of the specific insurance policy at issue, the good news is that some cyber insurers are now providing more expansive regulatory coverage than ever before. Insureds, however, must know where to look. Here are some key issues to keep in mind when reviewing a policy for broad regulatory coverage.
This case provides a good reminder of the importance of insurance policy notice provisions: