Showing posts with label liability. Show all posts
Showing posts with label liability. Show all posts

Wednesday, July 17, 2013

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...

Read Full Story Here:
http://www.insurancefortechs.com/most-common-sources-of-tech-lawsuits.html

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