SYSTEMS AND METHODS FOR DATA INSURANCE
First Claim
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1. A method for providing data insurance comprising:
- storing, by a first processing device, data of a third entity on a storage medium of the third entity;
creating an agreement between a first entity and a second entity to provide data protection service to a third entity, wherein the first entity arranges for a data protection service to be provided by the second entity for the third entity'"'"'s data stored on a storage medium of the third entity;
creating an insurance agreement between the first entity and the third entity, because the data of the third entity was stored on the storage medium of the third entity, that authorizes the third entity to use the data protection service provided by the second entity for the third entity'"'"'s data stored on the storage medium of the third entity without the third entity being charged for use of the data protection service of the second entity;
storing, by a second processing device, an electronic backup copy of the third entity'"'"'s data, as required by the data protection service agreement, on a storage medium of the second entity such that the electronic backup copy of the third entity'"'"'s data stored on the storage medium of the second entity is insured against loss according to the insurance agreement;
upon loss of data stored on the storage medium of the third entity, providing the backup copy of data from the second entity to the third entity in an attempt to restore the third entity'"'"'s data; and
providing compensation from the first entity to the second entity for the data protection services.
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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. 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. The first entity provides compensation for the second entity'"'"'s efforts to restore the third entity'"'"'s lost data. If the second entity is unable to restore the data, the third entity is compensated for its data loss.
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Citations
40 Claims
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1. A method for providing data insurance comprising:
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storing, by a first processing device, data of a third entity on a storage medium of the third entity; creating an agreement between a first entity and a second entity to provide data protection service to a third entity, wherein the first entity arranges for a data protection service to be provided by the second entity for the third entity'"'"'s data stored on a storage medium of the third entity; creating an insurance agreement between the first entity and the third entity, because the data of the third entity was stored on the storage medium of the third entity, that authorizes the third entity to use the data protection service provided by the second entity for the third entity'"'"'s data stored on the storage medium of the third entity without the third entity being charged for use of the data protection service of the second entity; storing, by a second processing device, an electronic backup copy of the third entity'"'"'s data, as required by the data protection service agreement, on a storage medium of the second entity such that the electronic backup copy of the third entity'"'"'s data stored on the storage medium of the second entity is insured against loss according to the insurance agreement; upon loss of data stored on the storage medium of the third entity, providing the backup copy of data from the second entity to the third entity in an attempt to restore the third entity'"'"'s data; and providing compensation from the first entity to the second entity for the data protection services. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for providing data insurance comprising:
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storing, by a first processing device, data of a third entity on a physical storage medium of the third entity; creating an agreement between a first entity and a second entity to provide electronic data protection service to the third entity, wherein the first entity arranges for a data protection service to be provided by the second entity for the third entity'"'"'s data stored on the physical storage medium of the third entity; creating an insurance agreement between the first entity and the third entity, because the data of the third entity was stored on the physical storage medium of the third entity, that authorizes the third entity to use the electronic data protection service provided by the second entity for the third entity'"'"'s data stored on the physical storage medium of the third entity without the first entity and the second entity charging the third entity for use of the electronic data protection service of the second entity; storing, by a second processing device, an electronic backup copy of the third entity'"'"'s data, as required by the data protection service agreement, on a storage medium of the second entity such that the electronic backup copy of the third entity'"'"'s data stored on the storage medium of the second entity is insured against loss according to the insurance agreement; and upon loss of data stored on the physical storage medium of the third entity, attempting to deliver to the third entity the electronic backup copy. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. An insurance system comprising:
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a data protection service provider that provides data protection services to an insurer for use by the insurer'"'"'s insured and that has a processing device configured to store an electronic backup copy of the insured'"'"'s data on a storage medium; wherein the data protection services are acquired by the insurer and used by the insured that is insured by the insurer against losses arising out of lost data from the electronic backup copy of the insured'"'"'s data based on an insurance agreement between the insurer and the insured created because the insured'"'"'s data was stored on a storage medium and without the insurer and the data protection service provider charging the insured for the use of the data protection service of the data protection service provider; wherein following a loss of the data by the insured, the data protection service provider is obligated to attempt to restore the insured'"'"'s data; and wherein the data protection service provider is compensated by the insurer for its efforts to restore the insured'"'"'s data. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A method for providing data insurance and protecting data, the method comprising:
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storing, by a first processing device, data of an insured on a storage medium of the insured; creating an insurance agreement between an insurer and the insured because the data of the insured was stored on the storage medium of the insured, wherein the insurance agreement provides that the insurer will insure the insured for losses arising out of lost data stored on the storage medium of the insured, 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 for the insured'"'"'s data stored on the storage medium of the insured without the insurer and the data protection service provider charging the insured for the use of the data protection service of the data protection service provider; storing, by a second processing device, an electronic backup copy of the insured'"'"'s data, as required by the data protection service agreement, on a storage medium of the data protection service provider such that the electronic backup copy of the insured'"'"'s data stored on the storage medium of the data protection service provider is insured against loss according to the agreements; and upon loss of data by the insured, providing the backup copy data from the storage medium of the data protection service provider to the insured in an attempt to restore the insured'"'"'s data. - View Dependent Claims (34, 35, 36, 37, 38, 39, 40)
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Specification