Client Data Loss Not Covered by Homeowners

The Seventh Circuit United States Court of Appeals has ruled on a disagreement between an auditor and her personal insurer over client data that was stolen from her possession.

The accountant had a disc with 30,000 individual names and social security numbers of a pension fund she was working for in her car. When the disc was stolen the pension fund paid over $200,000 to provide legally required services to the people involved and came after the accountant to reimburse them for their expenses.

The accused attempted to submit a claim under her home owners insurance policy, which the Seventh Circuit ruled did not provide coverage.

InsureTitleAgents.com helps it’s clients that with the growing costs of protecting confidential data. Virtually all insurers have denied coverage for these types of claims under their policies. Working with an expert broker like InsureTitleAgents.com can ensure the coverage you need is place when a claim is presented.