Can hardware failures caused by cyber incidents be covered under insurance policies, and what are the exclusions?
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Can hardware failures caused by cyber incidents be covered under insurance policies, and what are the exclusions?
Yes, hardware failures caused by cyber incidents can often be covered under insurance policies, specifically cyber insurance. However, the coverage terms and exclusions can vary widely among different insurance providers and policies. Some common exclusions for hardware failures caused by cyber incidents may include pre-existing conditions, intentional acts by the policyholder, war or terrorism, criminal acts, and inadequate security measures. It is essential to carefully review the terms and conditions of the specific insurance policy to understand the coverage and exclusions related to hardware failures caused by cyber incidents.