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| Internet Banking
Liability Insurance |
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The Internet Banking Liability policy provides affirmative broad-form
coverage for suits against the Financial Institution and its directors and officers,
including allegations of invasion of privacy, libel, slander and defamation; loss or
damage to electronic data of the customer; denial, impairment or interruption of service;
loss of business opportunity; unauthorized access to a customer account; infringement of
copyright, misappropriation of ideas and plagiarism; infringement of trademark, trade name
or service mark and misappropriation of trade secrets; as well as other causes of action
arising directly out of provision of Internet banking services by the bank. Business
interruption, extra expense, cyber/network extortion and public relations expense coverage
are also available by endorsement. |
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