CYBER LIABILITY COVERAGE. This coverage continues to evolve. Many insurance companies are developing products to provide errors and omissions and liability coverage for companies operating in cyberspace. The various forms include coverage for allegations of patent infringement, virus introduction, violation of confidentiality, loss of reputation and more. There is no standard form, standard name or consistency in coverage grants. In spite of this, if an insured has an active online presence, the exposure is real and is growing such that this coverage should be considered.
(Use ACORD Form #834)