How does cyber insurance address the financial impact of intellectual property theft?

Cyber insurance policies may offer coverage for financial losses related to intellectual property theft under certain circumstances. However, the coverage specifics can vary depending on the insurance provider and policy terms. Common exclusions from cyber insurance coverage related to intellectual property theft may include deliberate acts by the insured, contractual liabilities, fines and penalties, and acts of war or terrorism. It’s essential to carefully review your cyber insurance policy to understand the coverage, limitations, and exclusions regarding intellectual property theft.