Nuts & Bolts: Digital risk specialist Safeonline is offering a 1st and 3rd party policy for small to medium firms who use basic technologies and whose insurance now excludes technology-risks. The program offers coverage against 1st party damage to electronic data held on computer systems, as well as liability claims for content on the company’s Web site or sent in an e-mail message. SafeBusiness includes claims for inadvertent virus transmission and also covers liability for e-mail and instant messages that are sent for non-work related purposes. It will also cover employee error in relation to damage to electronic data. Safeonline has also developed a new Agent Information Pack for the SafeBusiness policy, which includes information to help agents identify and explain the gaps in existing coverage to their customers.
Dollars: Limits up to $1 million for the third party liability cover and up to $75,000 for first party damage.
Carrier: Underwritten by Ace Global Markets.
States Available: All.
Contact: info@safeonline.com
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