Wylie Donald, a partner in the Insurance Coverage group at McCarter & English, counsels and litigates on insurance coverage and environmental matters. In this video, Wylie discusses the need to be proactive when it comes to managing your cybersecurity. Cyber threats present specific risks to utilities and other companies in the electricity sector – and despite the critical disruptions many of them can cause, cyber risks are not covered by most commercial general liability policies or other risk covers.
There is no one-size-fits-all cyber insurance policy. But there are measures you can take to determine the types of risks you face, ascertain your level of coverage, and secure the right insurance to cover your vulnerabilities.