Systems and methods for providing insurance in conjunction with a data protection service
First Claim
1. A business method comprising:
- creating an agreement between a first entity and a second entity to provide a data protection service to a third entity, wherein the first entity purchases a data protection service from the second entity for use by the third entity; and
creating an insurance agreement between the first entity and the third entity, wherein the insurance agreement provides that the first entity will insure the third entity for losses arising out of lost data, wherein the insurance agreement authorizes the third entity to use the data protection service provided by the second entity.
2 Assignments
0 Petitions
Accused Products
Abstract
An agreement is created between a first entity and a second entity under which the second entity agrees to provide data protection services for use by a third entity. An insurance agreement is also created, under which the first entity agrees to insure the third entity against losses caused by data loss experience by the third entity. The insurance agreement may require the third entity to use the second entity'"'"'s data protection service, and recovery under the insurance agreement by the third entity may be made contingent upon this use. A backup copy of the third entity'"'"'s data is created and maintained at a location controlled by the second entity. If the third entity suffers a data loss, a replacement copy of the data is generated from the backup copy. In some embodiments the insurance and the data protection services may be provided by the same entity.
15 Citations
56 Claims
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1. A business method comprising:
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creating an agreement between a first entity and a second entity to provide a data protection service to a third entity, wherein the first entity purchases a data protection service from the second entity for use by the third entity; and
creating an insurance agreement between the first entity and the third entity, wherein the insurance agreement provides that the first entity will insure the third entity for losses arising out of lost data, wherein the insurance agreement authorizes the third entity to use the data protection service provided by the second entity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A loss mitigation tool for an insurer that insures an insured entity, wherein the insurer purchases a data protection service from a second entity for use by the insured entity, the loss mitigation tool comprising:
an insurance agreement between the insurer and the insured entity, wherein the insurance agreement provides insurance to the insured entity for losses arising out of lost data, and wherein the insurance agreement includes a data protection provision under which the insured entity is allowed to use the data protection service. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. An insurance system comprising:
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a data protection service provider;
an insurer, wherein the insurer acquires data protection services from the data protection service provider for use by the insurer'"'"'s insureds; and
an insured that is insured by the insurer against losses arising out of lost data, wherein an insurance agreement between the insurer and the insured allows the insured to use the data protection services acquired by the insurer. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25)
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26. A business method comprising:
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creating an insurance agreement between an insurer and an insured, wherein the insurance agreement provides that the insurer will insure the insured for losses arising out of lost data, and wherein the insurance agreement requires the insured to use a data protection service provided by a data protection service provider; and
creating a data protection service agreement between the insured and the data protection service provider, wherein the data protection service agreement provides that the data protection service provider will provide a data protection service to the insured. - View Dependent Claims (27, 28, 29, 30, 31)
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32. A business method comprising:
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creating an insurance agreement between an insurer and an insured, wherein the insurance agreement provides that the insurer will insure the insured for losses arising out of lost data, and wherein the insurance agreement requires the insured to use a data protection service provided by a data protection service provider;
creating a data protection service agreement between the insured and the data protection service provider, wherein the data protection service agreement provides that the data protection service provider will provide a data protection service to the insured; and
creating an agreement between the insurer and the data protection service provider that provides for at least one of;
compensation from the data protection service provider to the insurer for the insurer'"'"'s requirement that the insured use the data protection service; and
a discount in the amount normally charged by the data protection service provider for providing the data protection service. - View Dependent Claims (33, 34, 35, 36)
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37. A business method comprising:
creating an agreement between a provider and a data owner wherein the agreement includes;
an data protection provision under which the provider agrees to provide a data protection service to the data owner; and
an insurance provision under which the provider agrees to insure the data owner for losses arising out of data loss by the data owner. - View Dependent Claims (38, 39, 40, 41, 42, 43)
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44. A loss mitigation tool for an insurer that insures an insured entity, wherein the insurer provides a data protection service for use by the insured entity, the loss mitigation tool comprising:
an insurance agreement between the insurer and the insured entity, wherein the insurance agreement provides insurance to the insured entity for losses arising out of lost data, and wherein the insurance agreement includes a data protection provision under which the insured entity is allowed to use the data protection service. - View Dependent Claims (45, 46, 47, 48, 49, 50)
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51. An insurance and data protection system comprising:
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a provider; and
a data owner;
wherein the provider provides a data protection service to the data owner; and
wherein the provider insures the data owner against losses arising out of lost data. - View Dependent Claims (52, 53, 54, 55, 56)
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Specification