Do Your Insurance Policies Cover 21st Century Risks?

• Posted by Geoffrey G. Gussis on August 8th, 2005


• Filed in Insurance, Risk Management & Compliance

William F. Campbell of DLA Piper Rudnick Gray Cary has published an informative article on insurance issues in the information age - not bad to read in preparation for your next insurance audit?

"Traditional insurance policies are well designed to cover slips, falls, and fires. But are these the greatest risks businesses face? Dependence on technology, networked computers and the Internet has redefined risk for many businesses. Networked computers hold financial data, sensitive customer information, trade secrets, and proprietary software systems and databases. They also are essential communications channels. Traditional insurance policies, however, are not designed to provide protection for the risk environment that surrounds today’s business technologies. To fill the gap that traditional policies leave, the insurance industry offers a new generation of flexible and evolving products that prudent insurance buyers should consider."

Link: DLA
Piper Rudnick Gray Cary - United States - Do Your Insurance Policies
Cover 21st Century Risks? (08/08/2005) from Mondaq (free registration
required).