Crum & Forster Launches Liability Insurance for CISOs

Crum & Forster introduces liability insurance for CISOs. In a move to address the unique risks faced by Chief Information Security Officers (CISOs), Crum & Forster has launched a specialized professional liability insurance policy. This initiative aims to protect CISOs from personal liability claims that may arise from their roles, particularly as they often lack coverage under traditional directors and officers liability policies. The new policy offers zero deductible defense costs and broad claims coverage, including protection against civil and criminal liabilities, and is designed to cover both in-house and consulting work. With costs ranging from $3,000 to $5,000 per insured individual, the policy reflects the increasing legal scrutiny on CISOs following high-profile cybersecurity incidents.