Page 354 - Misc Ebook IC 78

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the loss is settled on the basis of the details in the claim
form, viz, name of the insured, address , address where
the glass is situated with the precise position of the glass,
size and value of the plate broken, cause of breakage,
date of breakage, name and address of the person
causing breakage and was a person in any way was
employed by the insured.

Q6.c) Write a note on E commerce insurance/Web
business insurance which is now picking up.

Ans. The increasing complexities in business have
necessitiated the use of Information Technology in all
aspects of business transaction.

As the volume of business is increasing the risk in
transacting e-commerce business is also increasing.
Internet plays a very important role in processing of
e-commerce transaction.

As the volume increase the chances of loss of data,
fraud, also increases. The aim of e-commerce
insurance is to protect these kind of losses.

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