There may be a very good chance your cyber insurance policy doesn’t cover what you think it covers. The recent decision P.F. Chang’s China Bistro, Inc. v. Federal Insurance Company was a wake-up call for policyholders who think simply purchasing a dedicated cyber policy is good enough. Careful assessment of your organization’s unique risk profile, the team involved in procuring the policy, the terms of the policy itself, and the insurer team supporting the product are all essential.
Could you be making a costly mistake?