New technologies are being developed and implications for companies of all sizes must be considered.
In the past organizations purchased Commercial General Liability Insurance which does not cover exposures to the implications of new technologies.
Claims related to infringement on a third party intellectual property continue to rise through the increasing prevalence of social networks such as Facebook, Twitter and Linkedin. Businesses are liable for the content they generate and post online.
Diligence is required to ensure that copyright and disclosure of confidential information are avoided. Any of these instances can result in costly ramifications as well as a privacy breach.
There are now insurance policies available to organizations of all sizes which ensure full protection from these new risk exposures.
Please visit http://www.LMS.ca for more information about this program. If you have additional questions and you would like to speak to a licensed insurance broker professional please call 1-800-663-6828.