Broadcast Date: Friday, January 29, 2021
from 12:00 pm to 1:00 pm (ET)
Overview:
Cyber insurance has been valuable in covering non-physical losses in commercial contracts. Significantly, as cases of cyber threats continue to proliferate, many contracts now contain a sub-clause on cyber coverage which protects businesses from damages brought by data breaches and computer attacks. Cyber insurance also provides coverage for regulatory investigations as well as for third-party claims.
However, counsel for insurers and policyholders are often confronted with issues such as non-uniformity of coverage and exclusions and ambiguity of language in coverage requirements. To mitigate these challenges, counsel must be adept at negotiating specific terms and drafting provisions of commercial contracts.
In a LIVE Webcast, insurance coverage attorneys Paul T. Moura (Cooley LLP) and Kimberly Parson (Rebar Kelly LLC) will provide an in-depth discussion of cyber insurance in commercial contracts. Speakers will also discuss common challenges and best practices to leverage the opportunities of cyber insurance.
Key issues include:
- Cyber Insurance in Commercial Contracts: Overview
- Key Considerations in Drafting Coverage and Exclusions
- Interplay With Other Insurance Provisions
- Common Pitfalls and Challenges
- Risk Mitigation Techniques
- Practical Compliance Strategies
Credit:
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
General knowledge of insurance
Course Code:
149045
NY Category of CLE Credit:
Areas of Professional Practice
Total Credit:
1.0 CLE
How to Claim CLE Credits Per State:
https://knowledgewebcasts.com/how-to-claim-cle-credits-per-state/
CLE State Requirements:
https://knowledgewebcasts.com/cle-state-requirements/
CPE State Requirements:
Speaker Panel:
Paul T. Moura, Attorney
Cooley LLP
Paul is an experienced litigator and counselor representing clients from coast-to-coast and globally to find innovative solutions to business disputes, cybersecurity risk management issues and high-stakes insurance coverage claims. Along with his diversified practice in trial and appellate litigation and arbitration, Paul also works with emerging companies, insurtech ventures, consumer product manufacturers, media companies and multinational brands to identify and mitigate risks associated with cyber events, business crises and deals. Paul advises clients facing insurance coverage disputes and related consumer claims stemming from cybersecurity incidents, regulatory investigations, cryptocurrency theft, business interruption losses, consumer class actions, sexual abuse claims, property damage, accusations of unfair competition, privacy violations and other risks insured by domestic and international coverages.
Kimberly M. Parson, Esq., Managing Partner, NJ Office
Rebar Kelly LLC
Kimberly Parson is the managing partner of the firm’s New Jersey office. She has experience representing clients in complex commercial litigation, focusing on insurance coverage litigation. Kimberly also has experience in providing coverage opinions and advice to insurance carriers concerning their coverage obligations under various types of insurance policies including, comprehensive general liability, group property and casualty lines, public entity insurance, specialty and professional risk, excess, contractors, automobile liability, and workers’ compensation and/or employer’s liability coverage. In addition, she represents clients with municipal court liability and is a former New Jersey Municipal Court Prosecutor.
Kimberly is a sought-after speaker and panelist who has been a presenter at several insurance coverage related seminars. Outside of work she is an avid reader and history buff.
Agenda:
SEGMENT 1:
Paul T. Moura, Attorney
Cooley LLP
- Not all cyber coverages are alike. Contracts will need to take special care to require coverage for certain cyber exposures, including cyber crime and social engineering scams.
- Consider whether to explicitly require coverage for responding to regulator inquiries and subpoenas.
- Avoid problematic sublimits for critical coverages.
- What can you do about War Exclusions, an increasingly common obstacle to securing coverage?
- Include provisions that allow information-sharing with contracting parties and cyber insurers.
SEGMENT 2:
Kimberly M. Parson, Esq., Managing Partner, NJ Office
Rebar Kelly LLC
- Trends in recent court decisions involving cyber insurance coverage
Date & Time:
Friday, January 29, 2021
12:00 pm to 1:00 pm (ET)
Who Should Attend:
- Cyber Insurance Lawyers
- In-House Counsel
- Contract Managers
- Consultants
- Insurance Companies
- Insurers
- Policyholders
- Top Level Management
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