Why Privacy Liability and Technology Insurance Is Necessary Today!

September 14, 2018

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In today’s world where hackers and just some very savvy tech people are online, anyone dealing with technology needs to ensure they are covered but especially those who has access to other people’s information - technology professionals.   Here at All Access Insurance we want to make sure you have the right coverage before you need it. So what kind of technology professionals need to be insured? In our opinion, all of them but here are some of the highest types of policies we are writing today:  

Classifications of Entrepreneurs

  • Computer Repair
  • Custom Software Developer
  • Disaster Recovery
  • IT Consultant
  • iPhone App Developer
  • Network Engineer
  • Remote Data Back-up
  • Website Designer

Key Technology Coverage Features:

  • Privacy Liability (3rd party) limit option up to $5M
  • Privacy Liability Expense (1st party)
  • Intellectual Property Liability
  • Full Media Liability
  • Full Network Security Liability
  • Personal and Advertising Injury
  • Product Completed/Ops
  • Hired & Non-owned Auto
  • Waiver of Subrogation
  • BOP/Business Owners Package/General Liability $1M/$2M
  • Excess/Umbrella over GL up to $5M

Everyone thinks they are safe until they are not.

Here are some new article examples of how vulnerable what was thought to be safe technology can be hacked in a moment’s notice:

  1. Tesla - Vehicle Security Software - What would happen if someone hacked your car?  Or a fleet of cars?
  2. Florida State Election – 11-year old changes election results in 10 minutes
  3. Susceptible voter machines used in 18 States - DEFCON shows how voter machine was compromised in two-minutes
  4. i-Dressup Data Breach – Fashion-oriented social website compromises sensitive personal data of children, violating the Children’s Online Privacy Protection Rule (COPPA)

  Keeping you protected,   Rick   All Access Insurance in Littleton, CO, who represents multiple insurance companies as a “Broker” and provides products for auto, home,  commercial, workers compensation, and much more!   Call us today for a free quote at (303) 932-1700