A combined liability policy for computer consultants not engaged in manufacture, installation or servicing of hardware covering: professional indemnity insurance, public and products liability and employers’ liability.
Insurance Encyclopedia
Computer coverage
Covers computer equipment and peripherals beyond the normal coverage provided in homeowner’s insurance policies, typically between $1,000 and $3,000. Some policies are also designed to cover damage and/or theft of portable equipment, such as laptop computers, and even the costs of data recovery. In commercial lines, there may be separate policies to provide coverage for exposure to the computers themselves or liability from computer or cyber incidents. Also could be called cyber coverage, and could be a policy added to a property or liability policy, or a separate policy itself.
Computer Fraud
Fraudulent theft or transfer of money, securities or other property resulting from the use of any computerized equipment or systems.
Computer fraud coverage
Covers loss if money, securities, or other property is stolen or transferred through computer fraud.
Computer Insurance
Covers ‘all risks’, theft and breakdown included, puter and ancillary equipment. Chips and standard software are included autocommatically. Other key features: ‘new for old’ settlements; cover in UK premises and in transit; negotiable excesses; loss of data; Data Protection Act liability; and consequential loss following an insured breakdown or loss. Liability insurance may be included. Exclusions are minimal but special precautions have to be taken when computer equipment is left in an unattended vehicle. Policies may apply to personal computers, laptops and mainframe systems. (See Figure 4). See INTERNET LIABILITY INSURANCE.
Computer matching agreement
Any computerized comparison of two or more systems of records or a system of records of nonfederal records for the purpose of (1) establishments or verifying eligibility or compliance with law and regulations of applicants or recipients/beneficiaries or (2) recouping payments or overpayments.
computer media claims (CMC)
System that permits submission of Medi-Cal claims via telecommunication through magnetic tape or diskette and modem.
Computer system records
Insured as ‘contents’ under commercial material damage policies up to £10,000 in respect of the material costs and the cost of reproducing them. Liability for loss of such records is similarly insured under ‘Loss of Documents’ cover for computer consultants.
computer-assisted coding (CAC)
Use of computer software that automatically generates a set of medical codes for review, validation, and use based on clinical documentation provided by health care practitioners. CAC uses two technology options: natural language processing (NLP) and structured input.
computer-assisted video keratography (CAVK)
See: corneal topography.