Experts Discuss Blended vs. Stand-Alone Cyber Liability Insurance Policies

During the NetDiligence Cyber Risk Summit, experts discussed the pros and cons of combining cyber liability insurance and technology errors and omissions coverages into a single policy. Stephen Young, an assistant vice president at Canopius, suggested that a blended policy can simplify coverage. Brian Lewis emphasized that buyers must understand the scenarios in which they will be covered for loss.

The discussion highlights the complexity of modern risk management in the cyber sector. Buyers are advised to conduct robust discussions about their capital base and balance sheet before deciding on a policy structure. This helps determine which coverage best aligns with a company’s specific risk tolerance.