According to the FBI Computer Crime and Security Survey (2009), over 70% of American companies endanger their financial stability by not having insurance that covers Internet liability. Almost all companies have some kind of network, database, or online presence that puts them at risk for litigation.

The following are some common scenarios for which you can be held liable and that are typically not covered under traditional business insurance policies:

• A lost or stolen company laptop results in the theft of customer data.
• You fail to follow federal or state regulations involving notification of customers whose personal data has been compromised.
• You unknowingly pass along a virus or malware to your clients.
• Your employee slanders another company in a blog or social media site or posts content on the company website that infringes on copyrighted material.

The Charter School Insurance Alliance can help you tailor cyber liability insurance to meet your needs, whether network security, technology errors & omissions, or media and intellectual property protection. Coverage is affordable and available to both large and small schools.