Virus Liability Endorsement

Businesses are relying more and more on computers, storing vital data in them and thereby becoming vulnerable trying to protect the data from being destroyed or lost forever. There are horror stories of companies closing due to critical, irreplaceable data loss due to various reasons. All businesses that store critical data in computers or servers such as, company records, financial information, those that have a web site and use e-mails etc. need to have proper virus liability endorsement to be included in their professional liability policy. It should provide coverage for loss of data, replacement costs for hardware and software damaged by a computer virus or other malicious software; it also covers claims arising from damage as a result of hacking or unauthorized access to the system.
Reasons for Loss of Data:

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