Outline of Typical Needs for Webmasters
Internet Industries Insurance
Including Internet Entertainment Broadcasters
COMMERCIAL PROPERTY
Buildings, office contents, stock and equipment, specialized floaters for physical content.
Data processing floaters for computers, servers, co-located servers, equipment of others,
electronic content, loss of business income and extra expense due to down time on a covered loss. Financial responsibility to others for loss of computer services in case of down time or outage.
These are extremely specialized coverages and are tailored to suit your needs.
COMMERCIAL GENERAL LIABILITY
Premises and operation liability in accordance with standard Bureau forms. This coverage is
offered ONLY in conjunction with errors and omissions liability insurance due to the overlap
of exposures in the Internet and entertainment industries. Concurrent policy forms and dates
are written in order to protect your interests correctly.
Additional insureds are available as necessary.
INTERNET MEDIA LIABILITY
INTERNET & COMPUTER NETWORK SECURITY
This is normally a claims made form with a specified Retroactive Date.
This policy includes "Defense Costs."
Liability coverage is provided as a companion to the commercial general liability policy above. Items of special interest covered under "Wrongful Acts" are:
Harm to the Character or Feelings
Invasion of the Right of Privacy
Infringement of Trademark, Title, Slogans, etc.
Infringement of Copyright, Privacy, etc.
Computer Virus Tranmission and Lack of Service
Unauthorized Access and Hacker Attacks
PROFESSIONAL LIABILITY
INTERNET AND OTHER INDUSTRIES
ERRORS AND OMISSIONS LIABILITY (MALPRACTICE)
Do you do any original or maintenance programming for others? Does it always work to the cusomer's expectations?
Are you an Engineer, Architect or other professional doing design work of any sort?
Are you a Contractor who does any design/build projects or who alters plans in any way? As you can see,
the list of professions needing Professional Liability is endless.
COMMERCIAL AUTO INSURANCE
If your firm owns any vehicles, then appropriate commercial auto coverage is necessary. In
addition to the coverage available in a personal policy, we provide protection for hired auto
liability and non-owned auto liability under these policy forms. Don't leave home without it!
EMPLOYMENT PRACTICES LIABILITY INSURANCE
This is a big one today. This policy covers a variety of items such as alleged acts of sexual
harassment, wrongful termination, racial discrimination, age discrimination, sex discrimination, etc. Acts of Third
Parties with whom you have business contacts can also be covered.
WORKER'S COMPENSATION
Statutory coverage for each state in which you have employed personnel. Coverage is dictated
by the state of domicile of each employee. Multi-state coverage available under the base policy
with some state exceptions. Stop gap employer's liability insurance placed for firms with
domiciled employees in totalitarian states.
CRIME COVERAGE
Fidelity coverage for the acts of your employees. This type of insurance protects your assets
and can be extended to protect the assets of your customers. We are talking about theft of
money, property, securities and other dishonest acts.
EMPLOYED ATTORNEY PROFESSIONAL LIABILITY
If you have an attorney on your payroll, this will provide malpractice protection for him/her
and for your firm.
DIRECTORS AND OFFICERS LIABILITY INSURANCE
This is a form of malpractice insurance that provides protection for the Directors and Officers
against litigation by disgruntled employees and/or shareholders. We all try our best but not every
decision is the most correct one.
FOREIGN LIABILITY COVERAGE AND WORKER'S COMPENSATION
Covers all specified foreign exposures for travel or operations on foreign soil. Includes
repatriation and excess commercial auto coverage. These policies specifically drafted to fit
your needs. Certain countries excluded.
UMBRELLA LIABILITY INSURANCE
This is the last form of liability we put into place and increases your limits of coverage from
the base $ 1 Million to whatever level of protection you need. This policy is excess over all
the underlying policies including the Employers Liability portion of Worker's Compensation.
It must be designed and dovetailed expressly for your needs. All of the underlying insurance
must be accurate and acceptable to the umbrella underwriter before the coverage is placed.
KIDNAP AND RANSOM COVERAGE
This is an important consideration if you are engaged in international travel and trade. Some
carriers include coverage for crisis negotiation as well as ransom payments and travel advisory.
Just read the papers if you travel overseas and you'll know you need this one.
GROUP OR INDIVIDUAL HEALTH INSURANCE
Coverage for your needs. Available for all states.
KEY PERSON LIFE INSURANCE
An important part of the planning of any firm.
STOCK REDEMPTION LIFE INSURANCE
Perpetuation planning for the corporate entity.
STOCK REDEMPTION DISABILITY INCOME INSURANCE
Perpetuation planning for the corporate entity.
VIOLENT ACTS LIABILITY
This one is a sad commentary on our times. There is now a need and a market
for Violent Acts Liability. This coverage protects businesses for liability incurred as the result of acts of violence, no matter whether an employee or the victim is the perpetrator.
The policy provides business and non-business exposures. The insureds are
the Officers and Directors.
License # 0655631
All rights reserved. Copyright © 1999 - 2003 Bob Roth, C.P.C.U.
The entire content of this article and outline of coverage is the intellectual property of Bob Roth.
Rothco Consulting is responsible for the design, programming,
and maintenance of this site.
© 1999 - 2003 Rothco Consulting
