CISO Professional Liability Insurance

What Is CISO Professional Liability Insurance?

Chief Information Security Officers (CISOs) are charged with protecting an organization’s assets, systems, technology and applications from a vast and increasing array of sophisticated threats.

Despite the title, many CISOs are not formally named as officers of the organization. As a result, the insurance maintained by an employer to protect the interests of the organization and its officers might not cover the CISO. This can leave the CISO facing civil and criminal charges in federal or state courts plus civil liability from investor lawsuits with no insurance protection for defense cost or costly fines and judgements.

CISO Professional Liability Insurance is designed to provide protection to the individual when insurance maintained by the organization is inadequate to protect the employee’s personal assets.

Coverage Highlights

• Professional consulting services rendered to the organization and subsidiaries
• Coverage for moonlighting and pro bono consulting services related to the security of information technology systems
• Moonlighting and pro bono consulting services do not require the written consent of the organization
• $0 deductible for Defense Costs
• “Claims” include criminal proceedings commenced by: (a) an arrest; or, (b) a return of an indictment or similar document