Summit Insurance Services policy

Insurance Age staff
01 Aug 2005

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Summit Insurance Services has claimed it has created the first data retrieval insurance policy, which it says can stop data loss turning into disaster. DataCover encrypts data on a computer and sends it to secure storage facilities, ready for downloading if necessary. If the insured's computer is stolen, or data otherwise lost, it can be retrieved at any time; if it cannot be recovered, up to £1,000 is paid out. The scheme is the brainchild of DRI Holdings (Zurich), underwriter Cassidy Davis

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