Hot battle at the D&O buffet?

The risk of cyber damage remains constant high. In theory, an existing cyber insurance covers the cyber damage completely. In practice, however, cyber insurers regulate the resulting damage only partially or not at all. If a management error is reason for the performance reduction, the D&O insurer may be required. A legal classification by Dr. David Ulrich and Petra Ruf. The post When the cyber damage becomes the D&O case first appeared on insur…

The Long View – The Background In case of damage, D&O policies often have conflicts over the cover sum. Wirecard shows that corporate coverage is not always sufficient for all individuals concerned. The reason for this is that the high defence costs for defending the accused are counted against the cover sum. A personal D&O policy can be useful, but is not the solution to the problem.