Can insurance policies address system failures caused by software malfunctions or human errors?
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Can insurance policies address system failures caused by software malfunctions or human errors?
Insurance policies can often address system failures caused by software malfunctions or human errors through various clauses such as errors and omissions (E&O) coverage, cyber liability insurance, and business interruption insurance. These policies can help cover financial losses, damages, and expenses incurred as a result of system failures. It’s important to review the specific terms and conditions of insurance policies to understand the coverage provided for these types of situations.