Cyber liability covers breach of corporate data you hold during engagements.
Frequently required contractually even without premises risk, so it's usually easier to carry it.
Disclose it. Taking an operational role can shift exposure toward directors and officers territory.
Claims that recommendations caused financial loss, and disputes over deliverables and scope.
Usually yes, since they'll require it. Corporate agreements almost always specify E&O limits.
Fraud is a crime
If your application contains purposefully misleading, absent, or inaccurate information, you could be charged with fraud. Your insurance carrier could potentially void your policy, or you could face civil or criminal charges or penalties.
Any person who knowingly and with intent to defraud any insurance company or other person, files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent act, which is a crime.
