Yes, the overwhelming majority of commercial cyber insurance policies on the market today are written on a claims-made basis. This means that for coverage to apply, the cyber incident or resulting claim must be formally brought against the insured and reported to the insurance carrier while the active policy is in force. Because cyber threats and network intrusions often involve long dwell times where hackers lurk undetected for months before discovery, claims-made structures require businesses to maintain continuous coverage and carefully manage retroactive dates to prevent coverage gaps.
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