Monitoring and assessment is provided by SNCi, an Axent Technologies Company. Unlike BOP and standard Property policies, which reimburse net income lost, WiSP reimburses gross revenues lost from the website as well as expediting costs to get the site back up and operating. Liability claims arising from the theft of credit card and bank card data. Costs to recover intellectual property or enforce intellectual property rights. Effectively, a pursuit fund is provided for companies whose intellectual property is stolen or infringed from the website.
Intellectual property includes copyrighted material, trademarks and patents.
Intruder Theft, covering loss resulting from the insured having transferred, paid or delivered any funds or property, as the direct result of the fraudulent input to the website caused by an intruder. Loss of electronic data on the website as a result of computer virus or malicious acts of an intruder. Back to Top of Page WiSP Website Liability Insurance covers the insured against liability arising out of materials and information published on the website. Invasion of Privacy. Infringement on the Intellectual Property of others.