Insurance and Y2K

• The contingent business interruption coverage covers loss of profits and extra expense for business interruption of the insured due to an unsuccessful or incompatible conversion by a third party that results in the failure or interruption of a third-party system or data transmission capability. The third party liability coverage includes errors and omissions (E&O) and directors and officers (D&O) insurance and covers an insured's legal liability resulting from its own or a third party's conversion efforts.

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