Glossary

The electrical damage or injury exclusion is an exclusion contained in most property insurance policies eliminating coverage for damage to electrical devices caused by artificially generated currents, except for ensuing fire or explosion.

Electronic commerce means the conducting of financial transactions or business transactions, including the buying, selling, and advertising products or services, over the Internet.

The Electronic Communications Privacy Act (ECPA) of 1986 prohibits wire or electronic service providers from releasing information regarding customers' communications, unless the release is specifically authorized by a court order, subpoena, warrant, or other exception.

An electronic contract is a contract that is formed electronically, such as over the Internet or by email.

Electronic data liability is the exposure faced by individuals and organizations that may cause loss of, damage to, or inability to access or use electronically stored data.

Electronic funds transfer (EFT) system coverage is a financial institution crime coverage that relates to the erroneous transferring of funds to or from the checking or savings account of a customer based upon instructions fraudulently transmitted by a nonemployee.

Electronic Products Errors and Omissions Insurance is a policy designed to cover claims in which the malfunctioning or nonfunctioning of electronic products causes financial loss rather than bodily injury (BI) or property damage (PD).

An electronic records is a contract or record created, generated, sent, communicated, received, or stored by electronic means.

An electronic signature is an electronic sound, symbol, or process attached to or logically associated with a contract or record and executed or adopted by a person with the intent to sign the record.

Elevator insurance is Insurance on elevators and their operations, written to cover the perils of collision and liability.