Episode 28: Cyber Insurance

This podcast is about Cyber Insurance. In a business environment in which construction industry participants face the daily threat of cyber-attacks by way of ransomware and malware, and the potential for data breaches as well, insurance products have stepped in to provide protection. Our guest Kent Collier, Senior Vice President at Greyling Insurance Brokerage & Risk Consulting, tells us about the range of options for responsive insurance products that may cover liability for cyber threats. We address specific instances of how insurance responds to attacks, how the industry is changing due to recent threats, best practices for reacting to cyber incidents and for construction lawyers advising their clients on these matters, and thoughts on the future of cyber threats and related claims and litigation.