What kind of events are typically excluded from the ISO commercial cyber insurance policy?

Natural disasters such as earthquakes and floods are typically excluded from the ISO commercial cyber insurance policy because these events fall under the category of property and catastrophe risks rather than cyber risks. Cyber insurance is specifically designed to address risks related to data breaches, cyberattacks, and associated liabilities that arise from the misuse or theft of digital information. Therefore, the focus of such policies is on events that have a direct cyber-related impact rather than those caused by natural phenomena.

In contrast, losses due to internal fraud, minor technical issues, and employee negligence in handling personal data may be considered relevant to the cyber insurance coverage. These issues can lead to data breaches or loss of sensitive information, which are the primary concerns addressed by cyber insurance policies. Hence, the exclusion of natural disasters aligns with the policy's objective to cover cybersecurity events specifically.