A couple of decades ago, the fax machine was introduced and the speed with which businesses and individuals communicated rapidly increased. Today, computers, cell phones and other electronic devices have exponentially multiplied our rate of communication.
With the advent of these new messaging vehicles has come a host of new liability exposures. And, who better to offer you coverage from these dangers than the company you have relied on for more than 140 years?
Frankenmuth Insurance offers property and liability coverage through its E-Commerce Plus endorsement. Available as an optional coverage on your package policy, E-Commerce Plus takes the worry away from a host of emerging electronic dangers. The Limit of Insurance through this endorsement is $50,000, and it offers the following coverages:
- Computer Fraud - coverage for theft of money or securities resulting from computer fraud. If your bank account information, for instance, fell into the wrong hands and money was transferred from your account without your consent, coverage would be triggered.
- Theft or Telecommunication Services - coverage provided for charges incurred when an unauthorized person uses your telecommunication system. This coverage would go into effect, for example, if computer hackers used your phone number to make unauthorized long distance calls.
- Unauthorized Electronic Data - coverage is provided if a computer virus causes physical damage to your computers. You've heeded all of the warnings about opening un-recognized email attachments but that one! And it's the one that contained a virus, bringing down your computer system. Don't worry. This endorsement helps restore your system and your sales.
- Property Damage to Electronic Data - provides coverage for property damage to tangible property. With this endorsement tangible property is expanded to include electronic data, as well as damages of web-site content or other electronic data owned by your customers. If, for example, you negligently caused the erasure of a claimant's website advertising content while attempting to perform upgrades on the site, this form allows coverage for the loss of the website advertising content.
Stay steps ahead of electronic losses with the Frankenmuth Insurance E-Commerce Plus endorsement. For more information, please see your Independent Insurance Agent.