The cold realities of software insurance

Is your company scrambling to assess its legal and financial vulnerability from online transactions or the Y2K problem? If so, you should know that insurance companies are now tentatively dipping into the waters of software liability. Amidst predictions of huge corporate liabilities and despite reports to the contrary, insurers are offering some coverage. Often, however, the coverage either does not completely protect business holdings or comes with hefty premiums. The availability of even limited, expensive coverage is a trend worth watching. To provide insurance, insurers must be able to accurately predict future disasters.