Concerns include clauses provided by Lloyds that define a “primary but not exclusive factor” for triggering an exclusion as a national government confirming it’s been hit by a nation/state cyberattack.
“Those claims [coming from smaller enterprises] cannot wait six months for an insurer to work out whether it was a nation state attack or not, therefore attribution needs to happen a lot quicker,” said one expert.
Source: Insureds “cannot wait” for government cyber warfare declarations | Insurance Business UK