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R+V Versicherung: New all-inclusive liability for the IT and telecommunications industry
According to a report from www.connect-professional.de, R+V Versicherung plans to offer all-inclusive liability insurance specifically for the IT and telecommunications industry. This insurance is intended to protect companies from the potential liability risks associated with server failure, data loss and cyberattacks. The new policy, called Liability All Inclusive (HAI ITK), is intended to cover not only operational and financial losses, but also so-called personal losses, such as downtime costs, reputational damage and misappropriation of funds by employees. In addition, the insurance offers protection against damages related to data protection, confidentiality, copyright and patent law. Damage caused by recalls should also be covered by liability insurance, which goes beyond the usual...
R+V Versicherung: New all-inclusive liability for the IT and telecommunications industry
According to a report from www.connect-professional.de, R+V Versicherung plans to offer all-inclusive liability insurance specifically for the IT and telecommunications industry. This insurance is intended to protect companies from the potential liability risks associated with server failure, data loss and cyberattacks. The new policy, called Liability All Inclusive (HAI ITK), is intended to cover not only operational and financial losses, but also so-called personal losses, such as downtime costs, reputational damage and misappropriation of funds by employees. In addition, the insurance offers protection against damages related to data protection, confidentiality, copyright and patent law. Damage caused by recalls should also be covered by liability insurance, which goes beyond the usual benefits on the market.
This new liability insurance from R+V Versicherung could have a significant impact on the market and companies in the IT and telecommunications industry. It offers companies comprehensive protection against the financial and reputational risks associated with server failures, data loss and cyberattacks. As a result, companies could have more confidence in the security of their IT systems and be less hesitant to outsource tasks to external service providers. It could also lead to other insurance companies offering similar insurance products for the ICT industry in order to remain competitive.
The costs of Liability All Inclusive (HAI ITK) depend on various factors, such as the size and type of company, the volume of insured assets and the individual risk assessment. However, it is likely that premiums for this comprehensive liability insurance will be higher than traditional insurance because it offers broader protection.
Overall, the introduction of Liability All Inclusive (HAI ITK) could encourage the IT and telecommunications industry to protect themselves even more against possible liability risks. This could lead to increased demand for insurance for businesses in this industry, while helping to minimize the risk of financial loss and reputational damage.
Source: According to a report from www.connect-professional.de
Read the source article at www.connect-professional.de