Many companies have met this challenge by launching e-commerce initiatives that have changed the way society does business. Insuretrust offers two types of coverage. One policy protects against potential lawsuits if user information that is supposed to remain private is released to the public. The other protects the company from a denial of service that results in lost revenue, data or network resources. Both policies deal with copyright, virus and content liability issues.
Businesses have to be able to tell their stakeholders they are protected against losses.
So many companies have rushed to get on the Internet and they aren't getting coverage for what can happen. Haase said his company is seeing increased interest in their products. Within a year, he foresees these policies being a standard purchase for companies going online. Companies purchasing these policies may be required to go through an assessment by Insuretrust, which will evaluate the risk the company carries and make recommendations to reduce that risk. Insuretrust also is allowed to audit the company's security measures throughout the year.