Insuring Agreement

Insuring Agreement is a clause in an insurance contract that specifies what is covered. It is what grants coverage. In D&O Insurance, for example, there is relative consistency in the market with most policies having a Side A, Side B, and Side C structure. When it comes to Cyber Insurance however, you’ll find anywhere from one to twelve different insuring agreements in a policy, making policies hard to compare. These clauses should be read carefully. You’ll want to look at how the agreements are worded as triggers. In other words, understand what the terms and conditions are under which coverage will be granted.