Delaware Business Insurance Update From CNC Insurance Associates Inc. "Target Data Theft Will Test Insurance Coverage" 1-1-14

Well it is a new year and the data theft at Target stores will most likely test the coverage of the commercial general liability policy. To date Target has not announced their insurance coverage but odds are the claims will be sent to the liability policy. Since data theft claims are relatively new in the insurance industry, the history of legal precedents is very thin. The commercial general liability policy has not been tested as might happen in the Target case. Cyber liability policies have been in force to handle data crimes but they too do not have a lot of claims history. So stay tuned to this story as it may completely set the future precedent on how insurance policies respond to data crimes. Until next time be careful out there and know your risks.

G. Kevin Nemith  President of CNC Insurance Associates Inc.
Serving Delaware, MD, PA, NJ & VA
www.cncinsurance.com
www.bizinsurancetv.org

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