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Insurance May Cover Your Recovery Fees

Insurance Coverage for Data Recovery Services

There is a shift taking place in the insurance industry for both home-owners and renters insurance policy holders where they will often cover the cost to recover data. It may be covered under ‘loss of intellectual property’ or ‘loss of important papers and documents’. Of course it can be a great option but a high deductible may be a deterrent. It’s certainly worth looking into as more frequently we are seeing that coverage is being provided. DriveSavers recently did a recovery for a student who has lost his thesis and his recovery was covered completely by his renters insurance policy.

Generally, for businesses, they are covered under the ‘business continuity’  or ‘business interruption’ clause in their policies. Most businesses do have coverage for such events as they cannot move forward with the data being business critical. Additionally, fees incurred for data recovery services can be written off as a business expense at tax time. Customers should, of course, check with their accountants on this.

We need to thank DriveSavers for this valuable piece of information.

Name of author

Name: Wizard

Short Bio: The Computer Wizard (TCW). TCW was founded by Warren P. Harris in 1994 to service and repair computers in the San Francisco Bay Area. Relocating the business to Plano, Texas in 1999, TCW continued to flourish when an unfortunate loss of data for a wedding Mr. Harris photographed, caused him to research data recovery options. Realizing he would have to either pay someone to recover the photos or find out how to do it himself, the rest, as they say "is history". Approached by a friend who was a Private Investigator in 2006, Mr. Harris studied for his Investigator's license and began honing his skills in Computer Forensics. The company was renamed DFW Computer Integration in 2015.

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