What it does
BP 05 95 addresses third-party claims for loss of computerized or electronically stored data or software that results from physical injury to tangible property – for example, a contractor's fire that destroys a customer's servers and the data on them. In the 12 23 edition, bodily injury or property damage arising out of a cyber incident is excluded.
Who needs it
Accounts whose operations could physically damage others' computer equipment (contractors, cleaning and maintenance services, IT installers) and who want data loss included when that happens.
Quoting and selling notes
- This is not cyber coverage; hacking, malware and breach liability are excluded.
- BP 18 05 is the same coverage without the bodily injury exception; BP 05 96 is the broader, claims-made electronic data liability coverage.
