Cyber Liability Insurance

[MrNiceGuy]

Can anyone recommend a broker/source for Cyber Liability insurance?

This whole situation is getting ridiculous and am expecting it to get worse. My latest business venture has not been officially launched and I have already received a demand letter due to 3rd parties putting images on my site.

Thanks.

[Robert Krausankas (BuddhaPi)]

Hows about foregoing insurance and making sure only licensed images or images you create are used..the trolls will just milk the insurance company, your rates will rise and nothing changes...business as usual for the trolls..

When hiring 3rd parties make sure it is in the contract that any images used must be purchased and licensed and reciepts and paperwork must be provided...pretty simple, yet pro-active.

[MrNiceGuy]

You make it sound so easy. The websites are independently managed wedding directories. Even though the terms of the website specifically require the vendor/user to post properly owned images, there is no way we can polices thousands of images from thousands of vendors from hundreds of potential sites. Plus we have a feedback system for users to rate vendors which can also lead to defamation of character claims.

Like I said in the earlier posting, the first site has not been officially launched yet and we already have a demand letter.

All I would like to receive is names of potential companies, brokers, sources for Cyber Liability Insurance.

[Mulligan]

http://google.com with search phrase:

cyber liability insurance

[SoylentGreen]

Yeah, there are firms that do this sort of thing.  A simple google search reveals several companies.
Personally, I don't want to list any here, as I have no experience with them and do not wish to make an endorsement.

The problem with companies using this kind of insurance is that it makes them less diligent about using content responsibly, and it's just another business expense on top of many others.
Furthermore, this sort of insurance makes it much easier for the trolls to make money, and "feeds the fire" so to speak.
We need less trolling, not more.

Those are just my opinions, though.

S.G.

[Mulligan]

My opinion of insurance companies is almost as low as my opinion of copyright trolling attorney Timothy B. McCormack and his condescending paralegal Ashanti A. Taylor of Seattle Washington.

Insurance companies love you while you're sending them checks every month, but the relationship sure goes south the first time you have a claim. Then they point out the small print that shows your claim is an exception and you are shit out of luck.

[MrNiceGuy]

Thank you. I know I can google it and every stupid agent claims to be expert. I would like some help in locating a real expert.

[Mulligan]

If you're running a start-up as potentially large as the one you describe, you surely already have insurance of some sort with a person you trust. Give that agent a call and see if they have an appropriate rider for your current business policy.

[MrNiceGuy]

Not all insurance companies offer CLI.

Why? Because of too many frivolous and bogus demands.

If you can't answer my question, (Can anyone recommend a broker/source for Cyber Liability insurance?) Please don't post.

[Jerry Witt (mcfilms)]

Well I cannot answer your question. But I'm gonna post anyway. (Remember, I'm the big "free speech" advocate.) So just skip this post.

Okay, now that the original poster has skipped over this post, let me just share something with anyone else who comes across this thread with a similar issue. If you have other users visiting your site and they are posting content, you cannot be held libel for their infringement. However to protect yourself, you need to file a DMCA agent and that costs $105. Please read this: http://www.wired.com/threatlevel/2010/10/dmca-righthaven-loophole/

Too bad the original poster didn't read this. He may have even issued a polite "thank you."

[Mulligan]

When I suggested calling your agent, I made the erroneous assumption that if he didn't have a rider you would have the foresight to ask your agent if he/she could recommend a cyber liability agent. If your agent for all your previous business ventures (this one being your latest) doesn't know of a cyber liability insurance broker, surely he has the contacts to point you in the right direction.

I've been on this site for about a year, and I read everything everyone posts and ever has posted, and I have no recollection of anyone on ELI ever recommending a broker/source for cyber liability insurance.

So I think you're phishing in a dry lake... but if my recollection is wrong you can be sure one of the ELI regulars will correct me since we're all here to help others.

With that said, if you don't like this post, take a few minutes off from creating all of those wedding directory sites that will no doubt add so much value to the Internet and go eat a big enchilada dinner with plenty of green salsa at your local Tex-Mex joint so later this evening you can let out a great big hot fart.

[SoylentGreen]

S.G.

[Greg Troy (KeepFighting)]

LOL! 

[Oscar Michelen]

First of all Mr Nice Guy, you could be a little nicer. You come on here looking for free advice, you get free advice (quality free advice I might add) and then you tell folks what to post and what not to post. Perhaps you have noticed by now that ELI users are not really excited about shilling for some commercial entity they have not actually used.  As usual, the advice you received but rejected is right on the money. If you don't post the content on your  site, you can rely on the DMCA for protection provided you registered a DMCA agent.  If you bother to read through most of the material here you will see that if you hang tough and fight back, these claims are usually resolved with little or no payment. Most settlement amounts would not cover a year's premium.

[Moe Hacken]

Yes, what Oscar said. As usual!

Also, you could try hiring the same copyright trolls who are trying to hose you and maybe even put up some free bridal baitpaper on your site. That seems to GUARANTEE they won't come after you any more.