Scope of the Policy is to cover cyber liability exposures like Libel, Hacking, inadvertent virus transmission, copyright infringement, loss of identity. The policy coverage is on the lines of an errors and omissions policy to cover liabilities arising out of hacking email frauds, web developing, website maintenance and E-commerce.
Insurance Encyclopedia
Cyberliability
Generic term for various types of legal liability arising from business use of the Internet and e-mail. See INTERNET LIABILITY.
Cyberspace liability
A term used to describe the liability exposures encountered when communicating or conducting business online. Potential liabilities include the Internet and e-mail. Online communication tools could result in claims alleging breaches of privacy rights, infringement or misappropriation of intellectual property, employment discrimination, violations of obscenity laws, the spreading of computer viruses, and defamation. Media liability policies are available to cover these exposures.
Cycle billing
System of billing accounts at spaced intervals during the month based on breakdown of accounts by alphabet, account number, insurance type, or date of first service. This relieves the pressure of having to get all the statements or insurance claims out at one time and allows continuous cash flow throughout the month. Also called cyclical billing .
Cycle Rickshaw Insurance
The Policy covers loss or damage of pedal cycle rickshaw by accident, Fire, external explosion, malicious damage, theft etc. Policy also covers liability towards third parties for bodily injury and/or damage to the property.
Cyclone
A type of tropical atmospheric ‘disturbance’ characterized by masses of air rapidly circulating clockwise in the southern hemisphere, a low pressure center, usually accompanied by stormy, often destructive weather. Atmospheric system of low barometric pressure (depression ) accompanied by strong winds that rotate counter-clockwise in the northern hemisphere and clockwise in the southern hemisphere. Called ‘cyclone’ in the Indian ocean and southern Pacific, it is called ‘hurricane’ in the western Atlantic and eastern Pacific and ‘typhoon’ in the western Pacific.
D & O
Directors’ and Officers’ liability.
D acoity
Section 391 of Indian Penal Code defines Dacoity as: “When five or more persons conjointly commit or attempts to commit a robbery, or where the whole number of persons conjointly committing or attempting to commit a robbery, and persons present and aiding such commission or attempt amount to five or more, every person so committing, attempting or aiding, is said to commit “dacoity.”
D codes
HCPCS Level II alphanumerical codes that begin with the letter D and are used to report dental services and procedures. The final Health Insurance Portability and Accountability Act (HIPAA) transactions and code sets rule states that these D-codes will be dropped from the HCPCS and Current Dental Terminology (CDT) codes will be used to identify all dental procedures.
D ratio (Workers Compensation)
The ratio of losses less than $2,000 combined with the discounted value of larger losses, as compared to total losses expected of an insured in a certain kind of business. This ratio is used to compile workers compensation experience ratings.