Most Common Sources Of Tech Lawsuits

IT professionals such as computer consultants, web designers, programmers, system integrators, etc. face lawsuit risks from their clients and users of their client’s services. The most common sources and corresponding insurance policies are outlined below:
1. Bodily Injury And Property...

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Tech Professional Services Not Covered By General Liability

Tech companies and IT professionals need General Liability to provide coverage for claims or lawsuits for negligence alleging bodily injury, property damage, personal injury, and advertising injury.
Many General Liability policy forms have an exclusion which takes away coverage for a laundry...

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What Policy Covers Stolen Client Property In Your Possession?

How often do you have your client’s personal property in your office or in your car?  Did you know that property damage to personal property of others in your care, custody, or control is not covered under a standard General Liability policy?  The exclusion under the General Liability...

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Cyber Liability Claims Not Covered Under Most General Liability Policies

General Liability policies cover lawsuits alleging bodily injury, property damage, personal injury, and advertising injury.  The property damage coverage requires damage be to tangible property as opposed to intangible property.
Most data breaches include damage to intangible property stored on...

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Fax Blast Class Action Lawsuits

In the recent Florida Supreme Court case of Penzer v. Transportation Insurance Company, the court ruled that the standard General Liability policy form covers lawsuits alleging that fax blasts are in violation of the federal Telephone Consumer Protection Act (TCPA).
 In this case, a class...

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http://www.insurancefortechs.com/fax-blast-class-action-lawsuits.html

Cyber Liability Claims Not Covered Under Most General Liability Policies

General Liability policies cover lawsuits alleging bodily injury, property damage, personal injury, and advertising injury.  The property damage coverage requires damage be to tangible property as opposed to intangible property.
Most data breaches include damage to intangible property stored on...

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http://www.insurancefortechs.com/cyber-liability-claims-not-covered-under-most-general-liability-policies.html

Reasons Cited For Not Purchasing Cyber Risk Insurance

Percentage of Businesses Citing Specific Reason
43%   Company self insures exposures
18%   Believe cyber risk covered under General Liability
17%   IT department does not think coverage is needed
16%   Coverage too expensive
  6%   Broker advised that risk of claim is low for the...

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http://www.insurancefortechs.com/reasons-cited-for-not-purchasing-cyber-risk-insurance.html