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 an attorney in Anderson Kill's New York office. Mr. Halprin's practice concentrates in commercial litigation and insurance recovery, exclusively on behalf of policyholders. Mr. Halprin 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.
Mr. Halprin is a Member of the Chartered Institute of Arbitrators, and received a Postgraduate Distance Learning Diploma in International Commercial Arbitration from the Queen Mary School of Law, University of London.
Mr. Halprin successfully completed the Hong Kong International Arbitration Centre’s (HKIAC) Tribunal Secretary Accreditation Programme, and is on the Tribunal Secretaries Panel for the Australian Centre for International Commercial Arbitration (ACICA).
Mr. Halprin is an Adjunct Professor of Law and Coach of the Benjamin N. Cardozo School of Law Willem C. Vis International Commercial Arbitration Moot Team.
Mr. Halprin is Deputy Co-Chair of the Cyber Insurance Recovery Practice Group, as well as a member of Anderson Kill's Financial Services Industry Group.
Since 2013, Mr. Halprin has been recognized by Super Lawyers as a New York Metro Rising Star for Insurance Coverage.
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.
Very timely, very informative!
Great program. Very informative and well done!
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