What is the definition of Internet Liability Insurance?

Internet Liability Insurance refers to the insurance that provides coverage for liabilities that result from the individual's and company's internet transactions. This insurance protects against Internet-related damages, including violation of privacy, copyright infringement, identity theft and defamation. Other risks include the inadvertent spread of a computer virus or misuse of information.

Anyone (individuals and companies included) who maintains a website and publishes information may face the prospect of legal exposure and liability that a published has. This is really a relatively new concept and is at present evolving and changing. This, coupled with new legislation, can result in serious consequences, like lawsuits that demand for payments and indemnity for alleged damage caused by the website.

The traditional liability insurance do not cover the risks posed by the Internet and so if you have a website, it will do you good to have internet liability insurance to protect yourself from having to pay legal costs and damages in case you lose a lawsuit connected with your website.

• Insolvency
• Misstatement of Age or Sex Provision
• Modified Premium Policies
• Moral Hazard
• Comprehensive Coverage