An explanation of "why" every policy-holder should read their policy wordings very carefully and an introduction to the anatomy of a multi-line tech insurance policy. Highlighting how insurers apply their own definitions, terms, conditions and endorsements which all need to be interpreted really carefully to fully understand the scope of cover provided to you.

be prepared for a hardening insurance market in 2021 by obtaining quotes from alternative insurers

New liability laws for artificial intelligence, robotics, IoT and cyber security incidents are being prepared at national and european union level. We have summarised 10 key measures under active consideration. Most of which we expect will be adopted in the near future. They include reversal of the burden of proof, strict liability, data being categorised as a product for legal purposes and the need to add logging capability to potentially harmful tech dev.

The high cost of legal fees, charged by lawyers and barristers, attract most attention but the cost of management time, on the case, as well as loss from damaged relationship are equally important. We argue that It is essential to manage the financial impact of litigation risk and talk about how liability insurances provide a backstop when practical measures fail. Our videoscribe considers practical measures to minimise the risk of legal disputes. We also highlight financial measures, such as insurance, to manage legal or regulatory claims.

Cyber criminals work everyday to cause financial damage, access sensitive data and steal intellectual property. Nearly 1 million cyber incidents logged by the UK's National Cyber Security Centre in 2019. We list the 3 common clauses of cyber loss and the two areas of cost for incident recovery and lost business income. The average cost of an insurance claim is £12,000, mostly because of ransomware attacks but the largest single lost now exceeds £500,000. The average cost of lost income is £40,000 but the largest is reported in excess of £8,000,000. In this video we itemise elements of insurance policies available for both first party and third party financial loss. Our most important message is that the cyber insurance landscape is constantly evolving so it really important to regularly double-check your coverage