Managment Liability Blind Spots - The Georgia Center of Innovation ...

georgialogistics.com

Managment Liability Blind Spots - The Georgia Center of Innovation ...

CYBER LIABILITY INSURANCE

Provides coverage for allegations of negligence in the handling of data owned by third

parties. Also includes Third Party Notification Expenses and “Social Media” related liability.

Common Claims

• A computer virus disrupts ability of most employees to utilize workstations

The loss of laptop containing customer and vendor information

Theft of confidential information from vendor’s server

Theft of physical documents in a warehouse containing personal data

• Defamation of competitor using social media

Blind Spots

• We’re not a technology company

• We outsource that to a vendor

• Most of our information is on paper, not electronic

• We don’t have customer information

• Numerous state and federal regulations

• Notification costs and requirements can be substantial

• Contractual language can be detrimental

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