Liability

Risk & Insurance, Oct 1, 2005

St. Paul Travelers has launched a basic Internet liability policy aimed at small to midsize technology businesses, St. Paul has announced. Internet Basic Liability Protection is designed for technology businesses or firms with between KS million and 8100 million in revenues that conduct business over the Internet.

Two risks are covered. Failing to protect private customer or client information from hackers or accidental disclosure online and failing to prevent the spread of computer viruses. Larger companies may also be eligible for Internet Basic. "Virtually all businesses are prone to hackers or viruses if they use e-mail or transact business through the Internet," said Bill Rohde, president of the Global Technology Underwriting unit at St. Paul Travelers. "Internet Basic fills key coverage gaps at an attractive price."