“Everyone is exposed to serious technical malfunction of hardware and software. They are also exposed to the technical adventures of hackers and other cybercriminals,” warns Alex Hamer, a litigation partner at Reynolds Porter Chamberlain. “The problem is that data is not tangible property.
And general property [insurance] policies will not respond in the ordinary clauses to a loss of data. That will be the case even if you also have an associated physical loss.”
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