The CrowdStrike IT outage has had an extraordinary impact across the globe. Many of those impacted will suffer potentially significant losses, including lost revenue, potential liability to customers and potentially regulatory or crime-related losses. Insurance may play a key role in mitigating organisations' losses.
We have collaborated with Airmic (the UK association of risk managers) in preparing a comprehensive guide for policyholders outlining the insurance cover that may be available to those that have been impacted by the outage (both directly and indirectly) and the steps policyholders should take now to maximise their potential recoveries. You can read the guide here.
Our Insurance & Professional Risks team has also worked with our cyber experts to set out the seven key steps that ought to be taken by businesses impacted by the global outage. Read our article here.
If you have any questions or need assistance, please reach out to one of the contacts below or to your usual HSF contact.
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Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.