Cyber Liability – Beware The Emerging Risk
When we deal with clients on marine exports and imports, we know we are dealing with a very old insurance product stemming back to the 16th century, when countries were trading in goods like ivory & spices. Even these types of policies are still governed by the Marine Insurance Act 1909. Yet, whilst the exposures of marine losses are largely the same as they have been for over 100 years, new risks are emerging that threaten most businesses of today, and the newest risk of today is cyber crime.
