Many businesses have extremely valuable information in electronic form. If insureds have access to the information of others on their or a customer's premises, how can it be insured from loss, and in particular, theft? What if the employees of an agency’s client steal it, or what if it's stolen by computer hackers or burglars? Is it a crime exposure, a liability exposure or something else?
Based on a Big “I” Virtual University investigation, it's something else all right. VU faculty have
weighed in on coverage for valuable information in electronic form in the VU “Ask An Expert” forum.
Now, agents can learn more from industry experts during the webinar, Cyber Risk Exposures and Insurance, on Feb. 8 at 2 p.m. EST. It will be hosted by Bill Wilson of IIABA, Stuart Powell of IIA of North Carolina and Rick Betterley of Betterley Risk Consultants and author of The Betterley Report.
During the webinar, they will identify existing and evolving cyber risk exposures, detail why traditional insurance products are inadequate to manage these exposures and outline potential solutions from ISO standard products and various specialty programs available in the insurance marketplace.
By the end of the webinar, participants should be able to grasp the significance and magnitude of cyber exposure, understand why traditional standard insurance products are inadequate to address these exposures, differentiate between various ISO solutions and recognize why most are inadequate, and identify what non-ISO specialty products cover or should cover.
Tuition is $79 and allows conference-style viewing for agency staff. Click
here to register for the webinar. Webinar questions can be directed to
BestPractices@iiaba.net.