Business Interruption Coverage Essential To Cyber Insurance Policy

Last week’s hacking incident involving Sony Pictures Entertainment highlights the importance of having cyber insurance that includes business interruption cover and demonstrates the negative effect of not being able to access tech systems even for a short period, suggests CFC Underwriting. The caution follows a hacking incident reported to have forced Sony Pictures Entertainment to shut down its systems, notes a statement last Friday from CFC Underwriting, a London-based Lloyd’s MGA with clients in more than 50 countries that specializes in developing and distributing insurance products for specific niche markets.