A Practical Guide to Cyber Insurance for Businesses

While there are many books about cybersecurity, data privacy and related issues, there are very few, if any, books about cyber insurance. A Practical Guide to Cyber Insurance for Businesses, fills that void and provides a practical look at cyber insurance for different types of businesses.

This book is divided into two parts. The first eight chapters focus on the development of cyber insurance and various aspects and elements of cyber insurance that affect all industries, including how cyber insurance interacts with other commercial insurance coverage. Chapters nine through twenty-five take a closer look at the cyber risks and cyber insurance coverage needs for specific industries. In this way, the unique characteristics of each industry segment are highlighted and a review of cyber insurance for that industry segment is more focused. While not every possible industry segment is covered, the broadness of the industries covered should provide guidance to any business.

LAUREN D. GODFREY—Partner in Lewis, Brisbois, Bisgaard & Smith LLP. B.A., Drew University; M.S., University of Scranton; J.D., New York Law School; Health/Hospital Law Certificate, Seton Hall University Law School; CIPP/US, EU from IAPP. Chair-Elect of the ABA/TIPS Cybersecurity & Data Privacy Committee.

TONI SCOTT REED—Partner in Clark Hill. B.A. and B.B.A., summa cum laude, Southern Methodist University; J.D., cum laude, Dedman School of Law—Southern Methodist University. Past Chair, ABA-TIPS Fidelity & Surety Law Committee; Vice Chair, ABA/TIPS Cybersecurity & Data Privacy Committee; Member, ABA Book Publishing Board.

After 38-years with boutique and global law firms, in August 2020, Larry Schiffer launched an independent legal and consulting practice, Schiffer Law and Consulting PLLC.  Mr. Schiffer practices in the areas of complex commercial, insurance, and reinsurance litigation, arbitration, and mediation. He also provides advice on coverage, insurance insolvency, and contract wording issues for a wide variety of insurance and reinsurance relationships, as well as due diligence for corporate transactions involving insurance or reinsurance. Mr. Schiffer also serves as a mediator for the mandatory commercial mediation program of the United States District Court for the Southern District of New York, and for the New York Supreme Court Commercial Division, Alternative Dispute Resolution Program.

Mr. Schiffer is a member of the ABA's Tort Trial & Insurance Practice Section, where he is Chair of the Cybersecurity and Data Privacy Committee.  Previously, he was Chair of the Excess, Reinsurance & Surplus Lines Committee and presently is Technology and Social Media Vice-Chair, a member of the TIPS Task Force on Disaster Preparedness and Response and edited the TIPS Disaster Blog, was a member of the TIPS Cybersecurity Task Force, and a three-time past Chair of the TIPS Technology Committee. He is past Chair of the ARIAS U.S. Technology Committee, Editor-in-Chief of the ARIAS U.S. Quarterly, a member of the ARIAS U.S. Ethics Discussion Committee, and was Chair of the New York State Bar Association Committee on Association Insurance Programs for nine years.

Mr. Schiffer has lectured and has been widely published on reinsurance and other insurance topics for the American Bar Association, ARIAS U.S., AIRROC, American Conference Institute, Mealey’s, HB Litigation Conferences, Harris Martin, Practicing Law Institute, Perrin Conferences, RAA, Reinsurance Magazine, Insurance Day, the Tort & Insurance Law Journal, C5, Falconbury, Westlaw Journal Insurance Coverage, Lloyd’s Market Association, and many others. He serves as an Expert Commentator on reinsurance for IRMI.com, the website of the International Risk Management Institute, Inc. and co-authored the chapter on reinsurance in the New York State Bar Association’s Insurance Law Practice treatise. He edits the Schiffer on Re-Insurance Blog and manages the Reinsurance Disputes Group on LinkedIn. He has been recognized by Chambers USA, Euromoney Guide to the World's Leading Insurance and Reinsurance Lawyers, The International Who's Who of Insurance & Reinsurance Lawyers, Best Lawyers, and Super Lawyers.

Mr. Schiffer received his J.D. from Albany Law School of Union University, where he graduated cum laude, was a member of the Albany Law Review and the Justinian Society, and received his B.A. magnacum laude from Brooklyn College of the City University of New York.  He was admitted to practice in New York in 1980.   He was President of the National Alumni Association of Albany Law School from 2005 to 2007, and served on the Law School's Board of Trustees.