Nuts & Bolts: Safeonline™, has extended its Safeonline™ SafeEmail policy to cover Instant Messaging. Pricing remains the same and insureds will be receiving a letter in to advise them of the extension to their cover. The cyber-liability policy, initially launched in October 2001, will cover small to medium sized businesses who have a company e-mail system (including now, Instant Messaging) and/or a company Web site, against third party liability claims. Instant Messaging is an increasingly popular Internet-based messaging system that sends electronic messages between users immediately. Unlike e-mail and Web sites, they do not usually include a disclaimer of liability. Policy includes coverage for defamation; privacy infringement; virus transmission; and unlawful use of any materials or information held in electronic form. Covers all e-mails and Instant Messages sent externally by an employee from their company e-mail address, regardless of whether the message is sent for non-business reasons. Companies employing up to 250 email users can benefit from SafeEmail.
Dollars: Premiums are based on the number of employees with e-mail access and start at $498 for a small business with up to 5 e-mail users, rising to over $8,000 for a company with 250 users. The level of insurance cover ranges from $100,000 up to $1 million.
Carrier: Safeonline. Larger risks placed with selected underwriters.
Contact: Safeonline Broker Support Center, (866) 644-9477, info@safeonline.com
Was this article valuable?
Here are more articles you may enjoy.
AIG Steps Back from NPW Growth Target on Pressure in Some Lines 
AIG’s General Insurance Q3 Underwriting Income Down 29% 
Learjet May Have Broken Up Before Fatal Florida Crash, NTSB Says 
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation From This Issue
