A unit of insurance giant Marsh & McLennan Co. in the USA will begin offering clients “e-business” insurance under its Net Secure coverage. The policy is intended to protect companies from damages caused by hackers, viruses, “spammers,” or other Internet perils that could disrupt their businesses or expose them to liability lawsuits.

Net Secure also will provide a preset amount of compensation for loss of “intellectual property” stored on a network that has been violated. Although other insurance companies also offer “e-business” insurance, a spokeswoman for Marsh & McLennan says her company’s coverage limit of $200 million is among the highest available in the industry.

(c) WSJ