Timely Notice Crucial In Cyber Insurance Claims
May 23, 2017
The day after the recent worldwide “WannaCry” ransomware attack, McGuire Woods posted this caution about making a cyber insurance policy claim. Most of these policies provide coverage only for costs incurred after the insured notifies the carrier. “Therefore,” they write, “despite the urge to move swiftly in response to this crisis, we recommend policyholders understand and comply with the notice provisions of their policies to insure they preserve their right to insurance coverage.”
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