First Fidelity Brokerage offers insurance policies for webhosting
companies and datacenters. The policies can cover:
* eBusiness interruption
* Third-party claims arising from failure of insured’s security
* Cyber-Extortion
* Media Liability Policy

For more information:
URL: http://www.ffbinsurance.com/web_hosting.html
E-Mail: sales@ffbinsurance.com
Toll Free Phone: 1-877-FF-Insure (1-877-334-6787)

To be an "insurance" firm, your site is riddled with spelling, punctuation and grammatical errors. Is that the way you write your policies as well?

Sorry about that, the sites need more work. The policies are underwritten by major carriers, we broker the transactions.

Just wondering this...

I am based in Oklahoma which is where my main office is as well as the two data centers in in which house my servers.

Okay, Oklahoma state law requires the insurance company to be licensed in this state in order to sell in Oklahoma. I am sure this is the same for each other state (or should be for most of them). Does this apply to this type of coverage?

The reason I ask is I am a license general insurance agent and have been here for almost 20 years and I am not allowed to "broker" or "sell" insurance here unless the company is licensed to sell in the state appointed by the O.I.C.

I am not trying to flame here I am wondering.

What are the limits of each claim? What are the aggregate limits? Who handles these claims? Is it possible to see a copy of the policy?

Who is the carrier? What are their AM Best Rating?

As far as I understand, insurance companies do have to be licensed in the state where it is doing business. That means that they have to be admitted in that state. A company however can also write policies on a Non-Admitted basis and each state has specific regulations on when non-admitted carriers can write policies. (For example, if no admitted carrier wants to underwrite the business, only then can a non-admitted carrier write the policy.)

There are a number of carriers that write this type of coverage: AIG, St. Pauls, Lloyd’s, and a few other companies. They are licensed in most states, so licensing of a company should really not be an issue. Also, we use an agency that has an excess & surplus lines license in most states which is required in most states to write this type of business.

On the application, each potential insured selects the desired coverage. Once the application is submitted, we will get back with a quote from several companies. Each company may provide coverage for certain things and not for others. Before purchase, we’ll discuss that which each client individually and assist in getting the best coverage for the lowest premium.

Originally posted by ebarsuk
As far as I understand, insurance companies do.......

Shouldn't you make absolutely sure before you start selling?

These policies can be written in all states but Hawaii and Alaska. They can also be written in Europe.