About the Course
Introduction
This CLE webinar will provide insurance counsel with the knowledge to analyze the availability of coverage for claims against Chief Information Security Officers (CISOs) under new CISO policies as well as reassess the challenges of finding coverage under traditional company policies such as D&O or E&O policies. The program will analyze the types of claims and liabilities to which CISOs are increasingly vulnerable after a data breach or alleged privacy violation, the impact of this increased risk on companies, how they are responding, and the current and emerging coverage disputes that the new policies are designed to respond to.
Description
Cybersecurity executives face ever-increasing and often staggering potential liability arising from data and alleged privacy breaches in the form of lawsuits, government enforcement, and investor or other class action litigation. In recent years, CISOs have faced criminal charges for alleged cover-ups and purported reckless conduct. Finding insurance to cover CISO defense or indemnity has been a challenge, and without protection, leaders and experts in this critical field will be unwilling to take on the necessary duties.
It is unclear whether D&O, E&O, EPL, or any other type of company policy extends coverage to claims against the CISO. Often the CISO is not an "insured" under these policies. Allegations of intentional and criminal conduct as well as government investigations are often excluded. Nonetheless, sometimes multiple policies can be read together to find coverage.
As a result of these gaps and ambiguities, and growing risk, specific CISO policies are now available, but they must be carefully analyzed. These new policies may leave holes and still have exclusions that must be navigated. Counsel will need to analyze the specific policy language, conditions, provisions, and exclusions, and apply them to the type of claim alleged and facts of the claim.
Listen as our panel of cyber insurance SMEs offers guidance about the types of claims and liabilities CISOs face, current and emerging coverages and disputes, exclusions and gaps, and conflicts that can arise between the CISO and the company.
Presented By
Mr. Economidis is a vice president in the professional liability department for Crum & Forster, responsible for eRisk, including cyber insurance products and technology errors and omissions. He has over 30 years of total underwriting experience and 20 years of experience underwriting cyber risk exposures. Prior to joining Crum & Forster, he was an underwriter with Beazley from 2008 to 2018 and the vice president and product manager for media, technology and network security with AIG Executive Liability from 2001 to 2008.
Mr. Teshima helps corporate policyholders resolve their most complex insurance coverage disputes by providing both creative business solutions and strategic representation in litigation. He serves as a true partner to technology and financial services clients, working closely with in-house risk management and legal departments to guide them through their cutting-edge issues, including complex claims under D&O, E&O, cyber, and reps & warranties insurance policies.
When litigation is necessary, Mr. Teshima helps clients assert their rights. He has successfully litigated high stakes insurance coverage and other commercial disputes, including significant wins obtaining D&O and cyber insurance. Mr. Teshima has a proven track record of obtaining favorable results for clients at trial. His successes include leading a trial team asserting a professional negligence claim against an insurance claims administrator, where the case settled eight days into a jury trial after the client rested its case. He has received “shout out” recognitions by AmLaw Litigation Daily for his representation of BBAM and for his representation of Getaround.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Tuesday, August 5, 2025
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Claims and potential CISO liability
A. Private litigation
B. SEC enforcement
II. Coverages under company policies
A. E&O
B. D&O
C. EPL
D. Cyber policies
III. CISO policies
A. Coverages
B. Exclusions
C. Gaps and open questions
VI. Recent case law and litigation trends
The panel will review these and other key issues:
- Potential implications of a cyber incident for CISOs
- What is the overlap of or interplay between D&O and cyber policies?
- Can D&O and cyber policies work together to protect the CISO?
- What are the coverages, limits, and advantages of specific CISO policies?
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