Coverage Availability Chart
The explosion of technology and the rapid growth in use of the Web has meant a new need for insurance for companies engaged in e-commerce as well as those who simply depend upon secure computer systems to store vital business data.
The chart on the following page gives a sampling of the coverages available. This is by no means an exclusive listing. Several insurers not represented here write some form of insurance for these risks. For convenience, the information has been broken into two charts: the one for liability or third party risks, and the other for damage to the insured organization, or first party. Some forms provide both; other forms must be combined to provide a full range of coverage.
The insurers and the policies are:
ZurichUS (ZTec)
Legion Indemnity (INSUREtrust and ACE; now part of Mutual Risk Management Ltd.)
St. Paul (CyberTech, Techflex, and VisionPak)
Marsh (Net Secure, underwriten by Chubb)
Lloyd's (WiSP Breach of Security, WiSP Crime and WiSP Technology).
| THIRD PARTY | ||||||
| Zurich ZTec | Legion INSURE | St. Paul CyberTech | St. Paul Techflex | Marsh Net Secure | Lloyd's WiSP Tech | |
| Professional liability? | Y | N | N | N | N | N |
| Copyright infringement? | Y | N | Y | Y | Y | Y |
| Defamation? | Y | N | Y | N | Y | Y |
| Other personal injury? | Y | N | Y | Y | Y | Y |
| Trademark infringement? | Y | N | Y | N | Y | N |
| Errors and omissions? | N | Y | Y | N | Y | Y |
| Intellectual property violation? | N | Y | N | N | N | Y |
| Customers' consequential damages? | N | N | N | Y | N | N |
| Breach of contract? | N | N | N | N | Y | N |
| FIRST PARTY | ||||||
| Zurich ZTec | Legion ACE | St. Paul VisionPak | Marsh Net Secure | Lloyd's WiSP Crime | Lloyd's WiSP Breach of Security | |
| Theft of computer data? | N | Y | Y | Y | Y | Y |
| Damage to data? | N | Y | N | Y | N | N |
| Loss of business income? | N | Y | N | Y | N | N |
| Security breach or unauthorized access? | Y | N | N | Y | N | N |
| Damage from computer virus? | Y | N | Y | Y | Y | Y |
| Denial of service? | N | N | N | Y | N | Y |
| Theft of intellectual property? | N | N | N | N | Y | Y |
| Theft of customer data? | N | N | N | Y | N | Y |
| Employee dishonesty? | N | N | N | N | Y | N |