Remember when Lloyd’s of London, earlier this year, mandated that all policies be clear when it comes to covering cyber? Now there’s progress on that front, as the Lloyd’s Market Association (LMA) introduces model clauses designed to help members provide clarity about cyber coverage under first-party property damage policies.
Produced in close collaboration with the market, the clauses are the first in a series aimed at meeting Lloyd’s requirements and client coverage needs. The initial batch spans property direct and facultative (D&F) cyber endorsement, property D&F cyber exclusion, marine cyber exclusion, and marine cyber endorsement.
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