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...Read Full Story Here:
http://www.insurancefortechs.com/most-common-sources-of-tech-lawsuits.html
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Wednesday, July 17, 2013
Most Common Sources Of Tech Lawsuits
Tuesday, July 16, 2013
Severity Of Data Breaches
Average organizational cost of data breach involving personal data
Year Cost
2005 $ 4,541,429
2006 ...Read Full Story Here:
http://www.insurancefortechs.com/severity-of-data-breaches.html
Frequency Of Data Breaches
Reported number of data breach involving personal data
Year Number of Breaches
2005 136
2006 ...Read Full Story Here:
http://www.insurancefortechs.com/frequency-of-data-breaches.html
Monday, July 15, 2013
Cyber Risk: Limits Most Commonly Purchased
Total coverage limits of stand-alone cyber risk purchased
15% Less than $ 5,000,000
48% $ 5,000,000 to $10,000,000
19% $ 10,000,000 to...Read Full Story Here:
http://www.insurancefortechs.com/cyber-risk-limits-most-commonly-purchased.html
Attorney Advises On Social Media Exposures
According to Daniel Maldonado, attorney with Kunz Plitt Hyland & Demlong,the Internet and Social Media increasingly affect businesses, which also can cause substantial loss exposures.
Social Media Liability can be defined as a liability exposure arising out of using social media or...Read Full Story Here:
http://www.insurancefortechs.com/attorney-advises-on-social-media-exposures.html