Your company receives a demand letter and you realize that the claim stems from a vendor’s product or service. What do you do next? The first step for most companies will be to review the operative contract for any indemnification
Tech Risk Report
Protecting Innovative Companies Against 21st Century Risks
Tech Risk Report, published by Perkins Coie LLP, focuses on legal developments and insurance coverage issues related to technology risks. The blog covers topics such as biometric information privacy litigation, particularly under the Illinois Biometric Information Privacy Act (BIPA), insurance disputes involving general liability policies, and business interruption claims arising from events like the COVID-19 pandemic. It also addresses regulatory and court decisions impacting technology companies and policyholders, including coverage interpretations for communicable disease clauses and data privacy concerns. The blog provides updates on litigation trends, insurance coverage battles, and regulatory guidance relevant to technology-driven risks and their legal implications.
Latest from Tech Risk Report - Page 4
How Does Your Company Transfer Risk in Its Technology Transactions?
By John Hardin
Companies enter an array of technology transactions with third-parties that allow vendors access to the Company’s source code, customer data, employee information, cybersecurity measures, and other critical data and infrastructure. These relationships inevitably increase the potential of a cyber attack…
Insurance and Mergers & Acquisitions
A merger, acquisition, or other corporate transaction can raise a number of issues for the insurance coverage of the parties involved. The transaction may affect the parties’ current coverage and their rights under their historic policies. The parties will want…
Recent Developments in Coverage for Email-Based Computer Fraud
By Jeff Bowen
As previously reported here, (Nov. 8, 2017), companies falling victim to electronic impersonation (“spoofing”) schemes have frequently turned to “computer fraud” coverage found in typical crime policies. In this type of fraud, someone impersonates a vendor, contract partner, or…
Representation and Warranty Insurance Coverage for Corporate Transactions
It is becoming increasingly important for tech companies considering a merger, acquisition, or other corporate transaction to understand the use of Representation & Warranty Insurance (“R&W Insurance”). R&W Insurance is a type of insurance policy purchased in connection with corporate…
Who Gets to Select Defense Counsel?
A policyholder is usually thrilled when its insurer agrees to provide a defense of a claim. However, all too often, an insurer’s position on how that defense is to be provided surprises the policyholder. Sometimes, the policyholder learns for the…
CCPA Insurance Coverage Issues: Avoid Gaps in Your Program
CCPA Week Webinar (FREE), July 17, 2019 1:00 p.m. PT
Insurance policies are some of a company’s most valuable assets during times of increased risk and uncertainty. Yet, corporate policyholders often leave money on the table by failing to thoughtfully…
D&O Coverage for Tech Risks – Don’t Let the “Invasion of Privacy” and “Professional Services” Exclusions Take You by Surprise
Directors & Officers liability insurance—commonly known simply as D&O insurance—is meant to protect corporate directors and officers from, among other things, claims alleging breaches of duty and management failings that adversely affect the value of the company’s stock. And any…
Lookout for Luddites: Don’t Overlook the Risk of a Non-Electronic Data Breach When Evaluating Your Cyber Insurance Program
In the wake of numerous high-profile electronic data breaches, companies are justifiably concerned about beefing up their cybersecurity programs and ensuring that they have adequate insurance coverage in the event of an electronic data breach. While the unauthorized disclosure of…
Are Cyber Claims Covered Under Coverage B of CGL Policies?
The consequences of a data breach can be far-reaching. While the initial issues in the wake of a breach often involve investigation into the cause of the breach and sending notification to those affected (both of which are covered by…