Other types of crime insurance protect companies against losses from non-employees. Banks typically purchase such coverage under financial institution bonds and can buy supplemental insurance for crimes committed electronically by non-employees. B. Property Damage Companies conducting commerce in cyberspace, operating a website, or even sending e-mail over the Internet face the risk of damaging the property of others or sustaining damage to their own property. Among other things, confidential information can be stolen, hackers can damage or hijack websites, and computer system viruses can be spread, damaging the companies' own property or that of others. CGL insurance covers liability for claims of property damage made by people or companies unrelated to the policyholder.
Property insurance covers loss or damage to the policyholder's own property.
New cyberspace and hacker insurance also may provide protection from such expenses. C. Advertising Violations Traditional print media and radio television advertisers have faced liabilities from their advertising activities, both written and oral. Those risks typically have included libel, slander, defamation, and copyright infringement. Companies with a presence on the Internet face similar risks. The a dvertising injury coverage typically found in CGL insurance policies should help protect against these types of claims.