Rationale

Those seeking professional liability and cyber insurance are exposed to the deficiencies in definition between the two perils. The resulting lack of clarity can lead to the following:

• Unnecessary premium expenditure
• Coverage dispute between carriers
• Elevated post-loss costs
• Delays in claim settlement

Waters has worked with Lloyd’s of London underwriters to create a consolidated policy that eliminates potential disputes between different carriers and channels incident response through a unified service.

Underwriters’ professional liability insurance application – CyberLaw+- APPLICATION FOR LAWYERS PROFESSIONAL LIABILITY INSURANCE

Underwriters’ cyber insurance application - CyberLaw+– APPLICATION FOR CYBER INSURANCE

Risk Mitigation

Waters and our Lloyd’s partners are collaborating with Observatory Strategic Management (OSM) to deliver a more detailed analysis of a client’s cyber and IT exposures and how that affects underwriting.

All applicants are required to fill out the Supplemental Application to qualify for the CyberLaw+ program: