Page 356 - Misc Ebook IC 78

The Insurance Times

As more and more companies struggle with the
ever-increasing threat of online crimes, e-commerce
insurance has become a necessity.

B. Protection for website related loss
Web business insurance coverages can help
compensate companies that experience a website-
related loss. Business liability insurance in an e-
commerce insurance policy provides coverage for
legal liability that arises from online crimes including
unauthorized access of customer information.

C. Business Interruption Insurance for E-
Commerce Retailers
Downtime means lost revenue for e-commerce
companies. For example, the business could lose
thousands of rupees in sales if the server fails and
the e-commerce storefront is down for any length
of time. However, e-commerce insurance may not
cover the loss if the merchant forgot to pay the
hosting bill, resulting in the suspension of service by
the hosting company

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