Cyber Insurance in Commercial Contracts: What You Must Know and Do.
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 this 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. Field of Study: Business Law
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Attorney at Cooley LLP and Managing Partner at NJ Office Rebar Kelly LLC
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.
