When a Cyber claim becomes a D&O claim: Hear from our Specialty Lines experts

08 Oct 2021

When a business suffers a cyber incident, it can be hugely detrimental, not just financially but also from a reputational and brand perspective. And the repercussions can also be felt by the senior leaders in the organisation if a claim is made against them directly, in the case of a data breach for example.

Our Senior Cyber underwriter Alana Muir and Financial Lines Senior Underwriter Matthew Houghton caught up recently to discuss these links between Cyber and Management Liability claims.

Using a common example of an SME that suffers a breach, Alana talks through the incident and highlights the different points where an Aviva Cyber insurance policy would respond. Matt then goes on to talk about the impacts such an incident can have on a business further down the line if it manifests as a Corporate Legal Liability (CLL) or Directors & Officers (D&O) claim.

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Video Transcript

Access to expertise

We’ve invested in our regional Speciality Lines capability; expanding the team and bringing in subject matter experts who are keen to share their insights and knowledge with you. You may have seen the team spotlights on our social channels, to help you put a face to a name. This video is the first in a series of topical materials and sessions from them, designed to give you access to their expertise.

In November, Ali Caine’s wider Regional Financial Lines team will be hosting a series of Management Liability webinars discussing topics such as the current state of the market, acquisitions and administrations, and freedom of services post-Brexit. Invitations will be sent out in the next couple of weeks so please do sign up for any that you feel will be of interest.