What does Crisis Management Coverage mean? Read on to discover the definition & meaning of the term Crisis Management Coverage - to help you better understand the language used in insurance policies.
Crisis Management Coverage
An insuring agreement found within technology errors and omissions and Internet/online property and liability insurance policies. Subject to a sublimit (e.g., $25,000 -$50,000), crisis management coverage generally reimburses expenses incurred to restore confidence in the security of the insured's computer system. For example, a crisis management firm might be hired to develop a program for reassuring the customers of an online retailer that, following a breach of the retailer's security system, the system has been reconfigured to prevent future breaches.
We hope the you have a better understanding of the meaning of Crisis Management Coverage.