What does Security Liability cover?

The Security Liability insuring agreement provides coverage for the Insured for allegations of a “Security Wrongful Act”, including:

The inability of a third-party, who is authorized to do so, to gain access to the Insured’s computer systems
The failure to prevent unauthorized access to or use of a computer system, and/or the failure to prevent false communications such as “phishing” that results in corruption, deletion of or damage to electronic data, theft of data and denial of service attacks against websites or computer systems of a third party
Protects against liability associated with the Insured’s failure to prevent transmission of malicious code from their computer system to a third party’s computer system

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