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Does our General Liability Policy Respond to Network Security Exposures?

Chances are no, a General Liability policy is unlikely to respond to the full scope of network risk exposures. Network risk is liability arising from a breach of network security, including unauthorized access, transmission of a virus, and identity theft.

General Liability policies cover bodily injury and property damage to tangible property. They do not address the liabilities arising out of computer attacks, such as transmission of a virus and theft of customer information, including that which results in identity theft.

As an illustrative example: laptops containing confidential customer information of a client were stolen from a company. The client is demanding that the company pay for the costs of complying with the California Database Protection Act, as well as costs to provide credit monitoring and id theft coverage for their customers.

The best avenue for building coverage to respond to that claims scenario would be a custom tailored network risk program designed around your needs. If a comprehensive program was designed, it could provide coverage for some of these events.

It is important to note that this is simply a representative scenario and are by no means an exhaustive list of exposures or coverage solutions.

A TechAssure member can help you design coverage options that are tailored to your unique needs.

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