Internet Liability/Network Security Insurance

Internet Liability/Network Risk Insurance protects your company from risk and liabilities associated with processes and commerce through computer networks via the internet.

TechPro of America will provide you with comprehensive coverage against first party exposures and third party claims that include business interruption, cyber extortion, damage to intangible property, and public relations. Third party exposures are inherent and some of them include internet, virus contamination, media, internet E&O, breach of security, and contract disputes.

Electronic data is one of the most critical assets in business today and any loss or damage to this asset can cost thousands of dollars to restore. This loss or damage can also have a disastrous impact on a business. The recent exclusion of electronic data from standard commercial insurance policies has left a dangerous gap in insurance coverage for companies. In addition, any organization that has a company e-mail system or web site is now effectively "publishing" on a global scale and is subject to advertising and personal injury type claims.

Internet/Network Security Insurance may include:

• First Party Coverage
  First party insurance policies may provide coverage for business interruption losses arising from the interruption, suspension or degradation of an entity’s own computer network, including business income, extra expense and contingent dependent business interruption. Example, a hacker attacked and brought down your mission critical servers. The value of an entity’s electronic assets may be protected by this coverage. Electronic assets that could be covered under this policy include; data, computer system resources and information assets, such as customer data, proprietary information, trade secrets, order fulfillment and credit card or other sensitive data. Cyber extortion, cyber terrorism, crisis communication and forensic investigative services coverage may also be added by endorsement.
• Third Party Coverage
  Third party liability coverage provides indemnity and defense costs suffered by others due to a failure of your computer network, systems or software applications. Your liability is caused by a transmission of a computer virus, unauthorized access, denial-of-service, disclosure of confidential information and identity theft. Such insurance may also cover injuries for the content displayed on your site. Those injuries would include libel, slander, defamation, copyright, trademark infringement and invasion of privacy. Entities that provide professional services in connection with networks may be covered as well. Some of the services include internet service providers, technology consultants and software developers.