Cyber Liability policies are Claims-Made contracts (claims made)

Cyber Liability policies are issued on a claims-made basis which means:

  • The event causing the claim must occur on or after the Retroactive Date but before expiry of the policy.
  • The Insured must become aware of the possibility of a claim during the period of insurance. The Insured must immediately notify the Insurers if they become aware of a possible claim.
Subject: 
Cyber Risk