Page 357 - Misc Ebook IC 78

Miscellaneous Insurance

D. Protection for liability arising from hacking of
site
Once the website is hacked several claims may arise
due to unethical use of these data in the site. For
example paying for customers' identity theft
monitoring costs or paying for legal costs. These
are both likely outcomes after a website has been
hacked.

Misappropriation of funds that are redirected by
hackers, the direct threat of a website hack or virus
as an extortion tactic, system problems caused by
viruses and spoofed emails (that look like they
originated from the company) are just a few of the
covered risks in an e-commerce insurance policy.

Q7. When a packaged policy is to be devised by
the insurance company, what care will have
to be taken for its success. Explain with the
help of any model, which may form in your
mind.

Ans. A Family Package Cover in PA may be granted on the

Sashi Publications - www.sashipublications.com 353

Copyright@ The Insurance Times. 09883398055 / 09883380339