The everyday use and reliance on the computer for today's businesses is a generally accepted way of life. Computers handle business transactions ranging from the purchase of $10 in gasoline at the local station to the purchase of a $10 billion manufacturing company. The use of computers helps to smooth the flow of business. However, this dependability on computers can also lead to huge problems for entities not prepared to handle the problems that accompany such reliance.
Cybercrime, cyberterrorism and cyberdisruptions are problems that exist for businesses and must be addressed. There are various risk management techniques to help a business manage them and one of these options is to purchase insurance.
The Insurance Services Office (ISO) has produced an insurance policy that addresses many areas of concern in the e-commerce area. EC 00 10 01 14, the Information Security Protection Policy, provides the insured with insuring agreements in eight separate categories. Here is an analysis of the policy.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
