Hold Harmless statement

Home › Forums › Contracts and Insurance › Hold Harmless statement

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • January 18, 2018 at 5:27 pm #11902
    Anonymous
    Inactive

    Does anyone have a “Hold Harmless” statement in their client agreement regarding their network or cloud services being hacked? If so, would you be willing to share the language used?

    Thanks,
    Kevin O’Shaughnessy

    Kevin@TuslaMM.com

    January 23, 2018 at 3:35 pm #12434
    Anonymous
    Inactive

    Kevin – I do not but I fear that a Hold Harmless (HH) statement may not hold up in court. I am sure I signed a HH when I got my annual Equifax credit report but look how that turned out.

    I am considering (but haven’t bought it yet) a Data Breach/Infection (Cyber) coverage endorsement. This would help if I was to be hacked and a client sued I think.

    January 25, 2018 at 3:57 pm #12437
    Anonymous
    Inactive

    Thank you for your input. I checked into the coverage from Lloyd’s. There quote for E&O plus their Data Breach coverage is similar to another policy I had quoted that only included E&O. That sounds like the prudent route to take.

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.