RE: "bonded and insured"

From: Frank Knobbe (FKnobbeat_private)
Date: Sun May 27 2001 - 11:21:30 PDT

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    > -----Original Message-----
    > From: Bill Casti, CQA [mailto:quireat_private]
    > Sent: Friday, May 25, 2001 7:40 PM
    > 
    > It's the Business Owners Package Policy from The Hartford Insurance
    > Company. Annual premium is $350. The coverages for my solely-owned 
    > "S" corporation are:
    
    
    Ha! The same applies to my company (S-Corp). I have the same package
    from Hartford (for $350/yr, although the amounts covered are only a
    million.... hm... have to talk to my agent about that).
    
    However, that package is the General Liability. It does not cover
    mishaps during pen-tests. Those things are covered under an  E&O
    (Errors & Omissions) Insurance package. I've got a million in E&O,
    which costs me about $2,000/yr. In regards to Pen Testing, I'm pretty
    sure that general liability does not apply. But an E&O would cover
    you if you rebooted a server during a port scan and the client
    presses charges for downtime.
    
    I believe that, while this covers insurance, the being 'bonded' is
    still a different story.
    
    Regards,
    Frank
    
    
    
    
    
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