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Insurance Coverage for Data Breaches

Maximize your company's insurance coverage in the event of a data breach or network intrusion.

In this age of digitization and increasing global connectivity, businesses in all industries are increasingly vulnerable to data breaches and network intrusions. A privacy event involving a company's loss, theft or inadvertent disclosure of data, whether from employees, users or customers, implicates a complex web of state and federal laws and regulatory frameworks. On top of this, the often-required public disclosure of a company's loss, theft or inadvertent disclosure of data is likely to invite demands, litigation or a government investigation. In other words, data breaches and network intrusions can become very expensive problems for a business. This webinar provides business leaders, in-house counsel, risk managers, and privacy professionals with the tools to understand how to maximize your company's insurance coverage in the event of a data breach or network intrusion. We will first focus on the types of claims likely to arise out of a data breach or network instruction and the aftermath, followed by a discussion on the core types of insurance coverage that are likely to respond to a data breach, network instruction and any claims, lawsuits, or investigation that follow. The program will close by providing best practices on how to prepare and report claims to your company's insurer(s) and by briefly discussing ways to leverage commercial agreements to provide additional avenues to obtain insurance coverage in the event of a data breach or network intrusion. This information will help you to better prepare your company to anticipate and respond to an inevitable data breach or network intrusion.

Runtime: 88 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Rise of Data Breaches

  • Understanding the Increased Risks to Your Business
  • Why Insurance Matters

Potential Claims Likely to Arise out of a Data Breach

  • First Party Claims
    • Theft and Fraud
    • Investigation Costs
    • Cyberextortion
    • Computer Data Loss and Restoration
    • Business Interruption
    • Property Damage
  • Third Party Claims
    • Regulatory Claims
    • Credit and Fraud Monitoring
    • Common Law Privacy Claims
    • Statutory Privacy and Consumer Protection Claims

Understanding the Types of Insurance That May Respond to a Data Breach Claim

  • Commercial General Liability
  • Cyber Risk/Cyberliability
  • Errors and Omissions Liability
  • First Party Property Coverage
  • Directors and Officers Liability
  • Commercial Crime Coverage

Responding to the Claim: Insurance Reporting Best Practices

  • General Best Practices
  • Incorporating Insurance Reporting Into Your Data Breach Response Protocol

Finding Additional Insurance From Other Potentially Responsible Parties

  • Understanding Your Commercial Agreements and Any Insurance Requirements
  • The Importance of Additional Insured Rights
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on December 3, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.25
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.25
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

James M. Davis

James M. Davis

Perkins Coie LLP

  • Partner in the insurance recovery practice in Perkins Coie LLP’s Chicago and Seattle offices
  • Commercial litigator with more than 20 years of experience representing policyholders, from Fortune 50 corporations to family-owned businesses, in a wide range of insurance coverage disputes
  • Regularly presents and authors articles on insurance topics, including coverage for California Consumer Privacy Act and the Illinois Biometric Information Privacy Act claims, and cyberliability claims
  • Fellow, American College of Coverage and Extracontractual Counsel (ACCEC)
  • Can be contacted at [email protected], 312-324-8441, or 206-359-3571
Bradley H. Dlatt

Bradley H. Dlatt

Perkins Coie LLP

  • Associate in the insurance recovery practice in Perkins Coie LLP’s Chicago office
  • Practice focuses on providing insurance counseling to businesses and resolving insurance coverage disputes, including assisting corporate policyholders with mediation, arbitration, and litigation against their liability insurers
  • Presents regularly on insurance coverage issues which have included discussing the insurance implications of the California Consumer Privacy Act and the Illinois Biometric Information Privacy Act
  • Can be contacted at [email protected] or 312-324-8499
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 406704
Published 2019
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