Lloyd’s underwriting agency launches insurance for social media companies

CFC, a specialist lines underwriting agent, has launched an insurance policy designed to provide comprehensive protection for social media companies. Esurance 2.0 includes:• comprehensive media liability, including cover for user-generated content;• defamation including libel and slander;• cyber-liability, privacy liability and privacy breach notification costs;• intellectual property rights infringement;• employers’ and public liability; and• property and business interruption, including cyber perils.Esurance 2.0 is aimed at a range of social media companies, including social networks and community-based Web sites, online gaming companies, photo, music and video sharing Web sites, Web publishers, bloggers and wikis.