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Managing Cyber Insurance Through Preventive Law: A Case Study

Rivermark Community CU now enjoys more informed decision-making when transferring cyber risks to its insurers.

By Chris Keefer | April 03, 2020 at 09:00 AM
Typing on keyboard with security locks Source: Shutterstock

Sit down and take a close look at your business insurance policies, if you dare. You will find a labyrinth of legalese forms understandable primarily by lawyers (and even then, not always).

For purposes of transparency, I am a lawyer and have been guilty of drafting and negotiating complex contracts incorporating this awful language that rightly stereotypes us. The reason for this probably begins with the bloodless lobotomy that is called law school. During these three years, we endured a re-education leading to the magical ability to conceive of every possible outcome to a situation that could lead to loss. This ability was sharpened after clients began hiring us to prepare or revise contracts in order to help them get the best of the deal with their counterparts.

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