01
Nov
2000

Property & Liability Insurance for Internet and E-Commerce Risk

Policyholder Advisor & Alert

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PUBLISHED ON: November 1, 2000

Perils abound on the net:
hackers, viruses and IP
infringement. E-commerce
transactions and
Internet communication can
lead to a wide variety of losses
and liabilities. Both “new economy” and “old
economy” policyholders are vulnerable to technology-
related risks. For example, development of
and participation in B2B exchanges and networks
can lead to antitrust claims. Similarly, the very
development of B2B software can result in intellectual
property disputes and litigation. Failure of
encryption software can lead to liability for the
release of confidential information to third parties,
while the very development of encryption software
may run afoul of licenses, property rights and even
criminal statutes.