Know your cyber-enemy.
New technology brings new insurance risks and brokers should familiarise themselves with the many forms these risks take to better advise clients. Nicholas Copeland explains.
When traditional insurance policies were designed, the internet didnot exist. In recent years, however, business and commerce have undergone
dramatic and far-reaching transformations. Thanks to this new
communication tool, companies can now interact with other businesses, and
anyone, anywhere in the world at the click of a mouse.
Inevitably, this new technology has created insurance risks hitherto
unknown and companies should be aware of their new vulnerability. Existing
policies will not
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