The good news on the cyber insurance product front is that insurance companies are eager to sell the protection, and favorable terms can be obtained if you know what to look for. The bad news is that the market still lacks any semblance of uniformity and many policies are confusing to say the least. This session will provide participants with the tools they need to purchase the coverage they need.
After providing an overview of the most important coverages, presenters Peter Halprin, FCIArb and Aarti Soni will deliver ten tips for avoiding coverage traps and increasing the chances that the coverage granted covers actual risks. These include purchasing policies that cover evolving risks, time element losses, reputational damage, extortion and ransomware, PCI-related claims, breach of contract claims and data losses stemming from hacks on cloud and third-party vendor systems.
Peter A. Halprin is a partner in Pasich LLP’s New York office. Peter represents commercial policyholders in complex insurance coverage matters with a focus on recovery strategies in relation to captive insurance, cyber crime, natural disasters, professional services, regulatory investigations, and technology disputes. Over the course of his career, Peter has arbitrated, litigated, and mediated claims involving a broad range of insurance policies and recovered hundreds of millions of dollars in insurance proceeds for policyholders.
Peter has advised clients regarding insurance coverage under an array of forms and policies including Boiler & Machinery, Builder’s Risk, Commercial Crime, Cyber, Directors & Officers (D&O), Employment Practices Liability (EPL), Errors & Omissions (E&O), Fidelity, General Liability (GL), Kidnap & Ransom (KKR), Media Liability, Pollution Legal Liability (PLL/EIL), Products Liability, Property, Technology E&O, Trade Credit, and Workers’ Compensation.
Peter acts as counsel for U.S. and foreign companies in domestic and international arbitrations, including both ad hoc (ARIAS, Bermuda Form, London) as well as institutional (AAA, ICC, ICDR, JAMS, LCIA) arbitration forums. He has served as both party-appointed and sole arbitrator, and is a Member of the AAA National Roster of Arbitrators.
Peter has been recognized annually by Super Lawyers as a New York Metro Rising Star for Insurance Coverage since 2013.
Aarti Soni is the Cyber Coverage Leader for Marsh’s Cyber & Professional Liability practice area (part of the FINPRO Practice) in New York, New York.
She focuses her work on drafting Marsh proprietary policy wordings and overseeing large, complex accounts in the cyber, technology, media and professional coverage arenas. Aarti’s current responsibilities include supporting clients by reviewing and negotiating policy wordings and serving as a resource on cybersecurity offerings and services, both pre- and post-event.
Aarti joined Marsh in July 2016. Prior to that time, she was a Claims Analyst at American International Group (AIG). She also worked an associate at two national law firms, where she handled complex insurance coverage litigation. Aarti most recently served as Assistant General Counsel, Professional Liability & Cyber Counsel at Chubb, where she was a member of the Cyber Product Board. There, she provided client support to Errors and Omissions (E&O) and cyber risk underwriters.
Course was very informative. Faculty did an outstanding job!
Very good course. Presenters were excellent. Great content.
Very timely, very informative!
Great program. Very informative and well done!