Data processors errors and omissions coverage

{
  "id": "MLC-T-INS-001074",
  "term": "Data processors errors and omissions coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance protection for entities that process data for others, covering financial losses arising from errors, omissions, or negligence in their data handling services. This policy typically addresses claims from clients due to data breaches, corruption, or unavailability caused by the processor's actions. It is distinct from general liability insurance, focusing specifically on professional services related to data management.",
  "subject": "Cyber and Privacy Liability",
  "url": "https://mlchart.com/terminology/insurance/data-processors-errors-and-omissions-coverage/"
}