Internet Banking Lliabillity Insurance

Internet Banking Liability Insurance

The Internet Banking Liability policy provides affirmative broad-form coverage for suits against the Financial Institution and its directors and officers, including allegations of invasion of privacy, libel, slander and defamation; loss or damage to electronic data of the customer; denial, impairment or interruption of service; loss of business opportunity; unauthorized access to a customer account; infringement of copyright, misappropriation of ideas and plagiarism; infringement of trademark, trade name or service mark and misappropriation of trade secrets; as well as other causes of action arising directly out of provision of Internet banking services by the bank. Business interruption, extra expense, cyber/network extortion and public relations expense coverage are also available by endorsement.