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BT Policyholder Protection Blog
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02 Apr 2015 5 Tips for Evaluating Cyberinsurance Policies

Scott Godes, partner and member of the firm’s Policyholder Insurance Recovery Group, recently authored an article for Association for Financial Professionals titled, “5 Tips for Evaluating Cyberinsurance Policies.”   Scott noted that as more and more companies are under cyberattack, many are reconsidering changing their insurance budget to include cyberinsurance.  The article, aimed at finance professionals, discusses recent developments in cybersecurity and data privacy.   He also gave tips for evaluating cyberinsurance policies.  Some of the tips included:   Reevaluate whether your organization is carrying sufficient limits. Keep in mind that defense costs usually erode the limits of a cyberinsurance policy. When lawyers are called upon to defend against claims in developing areas of law, legal bills add up quickly. After the company pays defense…

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24 Feb 2015 Scott Godes Quoted in Business Insurance

Scott Godes, from Barnes & Thornburg’s Policyholder Insurance Recovery Group, was recently quoted in Business Insurance’s article, “Increased Cyber Losses Means More Insurance Coverage Disputes.”   The article states that companies seeking coverage for data breaches under general liability policies often have turned to the personal and advertising injury part of the forms, and disputes have centered on whether a breach constitutes a “publication” that violated a right to privacy.  Beyond disputes regarding coverage under general liability policies for cybersecurity claims, lawyers anticipate coverage litigation arising under cyberinsurance policies as well.   Many of these lawsuits are litigated off the radar, and have not drawn widespread attention.  Some might suggest that cyberinsurance carriers probably want it that way.  Scott, who has litigated the scope of…

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