What Does Laptop Exclusion Mean?

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What does Laptop Exclusion mean? Read on to discover the definition & meaning of the term Laptop Exclusion - to help you better understand the language used in insurance policies.

Laptop Exclusion

Laptop Exclusion

An exclusion found in cyber and privacy insurance policies that excludes coverage for both first-party property and third-party liability claims caused by lost or stolen laptop and notebook computers. Some versions of this exclusion are even broader and preclude coverage for losses involving other types of portable electronic devices such as iPhones, iPads, tablets, and flash drives. The rationale for the laptop exclusion is that portable electronic devices are especially vulnerable to being lost, stolen, misplaced, or damaged. In addition, insurers believe that the more portable an electronic device is, the less control an insured business will have in safeguarding both the device itself and, more importantly, the data it contains. Some insurers will agree to remove this exclusion in exchange for additional premium.

We hope the you have a better understanding of the meaning of Laptop Exclusion.

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