Systems and methods for data insurance

• US 20050137911A1
• Filed: 12/18/2003
• Published: 06/23/2005
• Est. Priority Date: 12/18/2003
• Status: Abandoned Application

• Current Assignee: Gregory Hugh Hodgkiss, John Paul Conn, O'Brien, Thomas John, Peter Kingsley Lake-Johns
• Original Assignee: Gregory Hugh Hodgkiss, John Paul Conn, O'Brien, Thomas John, Peter Kingsley Lake-Johns
• Inventors: Hodgkiss, Gregory Hugh, O'Brien, Thomas John, Conn, John Paul, Lake-Johns, Peter Kingsley
• Application Number:
  US10/739,931
• Publication Number:
  US 20050137911A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/08 Insurance

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.

Claims

1. A business method for providing data insurance, 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 arranges for a data protection service to be provided by the second entity for use by the third entity;

creating an insurance agreement between the first entity and the third entity, wherein the insurance agreement authorizes the third entity to use the data protection service provided by the second entity; and

following a loss of data by the third entity, providing services from the second entity in an attempt to restore the third entity'"'"'s data, and providing compensation from the first entity to the second entity for the third entity'"'"'s services.

2. The business method of claim 1, and further comprising:

providing compensation from the first entity to restore the third entity'"'"'s data from an alternate source in the event the second entity cannot successfully restore the third entity'"'"'s data from an electronic backup copy.

3. The business method of claim 1, wherein the insurance agreement requires the third entity to use the data protection service provided by the second entity.

4. The business method of claim 1, wherein the first entity'"'"'s insurance of the third entity against losses arising out of data loss is at least partially contingent upon the third entity'"'"'s using predetermined services provided by the second entity.

5. The business method of claim 4, wherein the predetermined services are specified in the insurance agreement.

6. The business method of claim 1, wherein the identity of the second entity is specified in the insurance agreement.

7. The business method of claim 1, wherein the data protection service is a data backup service, and further comprising:

creating a backup copy of the third entity'"'"'s data at a location controlled by the second entity; and

generating, after a loss of the third entity'"'"'s data, a further copy of the third entity'"'"'s data from the backup copy.

8. The business method of claim 7, wherein the data backup service is an online data backup service.

9. The business method of claim 1, and further comprising providing compensation from the first entity to the second entity in return for the second entity'"'"'s provision of data protection services to the third entity.

10. The business method of claim 1, wherein providing services from the second entity to restore the third entity'"'"'s data includes delivering to the third entity an alternate storage medium with a restored version of the data stored on the alternate storage medium.

11. The business method of claim 1, and further comprising providing compensation to the third entity if the second entity is unable to restore the third entity'"'"'s lost data.

12. The business method of claim 11, wherein the compensation provided to the third entity if the second entity is unable to restore the third entity'"'"'s lost data is specified in the insurance agreement.

13. A method for providing data insurance, comprising:

creating an agreement between a first entity and a second entity to provide an electronic 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 use by the third entity;

creating an insurance agreement between the first entity and the third entity, wherein the insurance agreement authorizes the third entity to use the electronic data protection service provided by the second entity; and

following a loss of electronic data stored on a first physical storage medium, attempting to deliver to the third entity a second physical storage medium with a restored version of the data stored on the second physical storage medium.

14. The method of claim 13, wherein the insurance agreement requires the third entity to use the data protection service provided by the second entity.

15. The method of claim 13, wherein the first entity'"'"'s insurance of the third entity against losses arising out of data loss is at least partially contingent upon the third entity'"'"'s using predetermined services provided by the second entity.

16. The method of claim 13, wherein the predetermined services are specified in the insurance agreement.

17. The method of claim 13, wherein the identity of the second entity is specified in the insurance agreement.

18. The method of claim 13, wherein the data protection service is a data backup service, and further comprising:

creating a backup copy of the third entity'"'"'s data at a location controlled by the second entity; and

generating the restored copy of the third entity'"'"'s data from the backup copy.

19. The method of claim 18, wherein the data backup service is an online data backup service.

20. The method of claim 13, and further comprising providing compensation from the first entity to the second entity in return for the second entity'"'"'s provision of data protection services to the third entity.

21. The method of claim 13, and further comprising providing compensation to the third entity if it is not feasible to deliver to the third entity the second physical storage medium with the restored version of the data stored on the second physical storage medium.

22. The business method of claim 21, wherein the compensation provided to the third entity if it is not feasible to deliver to the third entity the second physical storage medium with the restored version of the data stored on the second physical storage medium is specified in the insurance agreement.

23. A loss mitigation tool for protecting an insured entity against data loss, the loss mitigation tool comprising:

an insurance agreement between an insurer and the insured entity, wherein the insurance agreement includes a data insurance provision under which the insured entity is allowed to use a data protection service; and

a data protection agreement between the insurer and a data protection service provider to provide the data protection service from the data protection service provider to the insured entity, wherein the data protection agreement obligates the data protection service provider to attempt to restore data of the insured entity following a loss of data by the insured entity, and wherein the data protection agreement provides for compensation from the insurer to the data protection service provider for the data protection service provider'"'"'s efforts to restore the insured entity'"'"'s data.

24. The loss mitigation tool of claim 23, wherein the insurance agreement provides for compensation from the insurer to restore the insured entity'"'"'s data from an alternate source in the event the data protection service provider cannot successfully restore the insured entity'"'"'s data from an electronic backup copy.

25. The loss mitigation tool of claim 23, wherein the insurance agreement requires the insured entity to use the data protection service provided by the data protection service provider.

26. The loss mitigation tool of claim 23, wherein the insurer'"'"'s insurance of the insured entity against losses arising out of data loss is at least partially contingent upon the insured'"'"'s using predetermined services provided by the second entity.

27. The loss mitigation tool of claim 26, wherein the predetermined services are specified in the insurance agreement.

28. The loss mitigation tool of claim 23, wherein the identity of the data protection service provider is specified in the insurance agreement.

29. The loss mitigation tool of claim 23, wherein the data protection service is a data backup service that includes the creation of a backup copy of the insured entity'"'"'s data at a location controlled by the data protection service provider and the generation of a further copy of the insured entity'"'"'s data from the backup copy following a loss of data by the insured entity.

30. The loss mitigation tool of claim 29, wherein the data backup service is an online data backup service.

31. The loss mitigation tool of claim 23, wherein attempting to restore data of the insured entity following a loss of data by the insured entity includes attempting to deliver to the insured entity an alternate storage medium with a restored version of the data stored on the alternate storage medium.

32. The loss mitigation tool of claim 23, wherein the insurance agreement provides for the payment of compensation to the insured entity if the data protection service provider is unable to restore the insured entity'"'"'s data.

33. An insurance system comprising:

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;

wherein following a loss of 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.

34. The insurance system of claim 33, wherein compensation is provided by the insurer to restore the insured'"'"'s data from an alternate source in the event the data protection service provider cannot successfully restore the insured'"'"'s data from an electronic backup copy.

35. The insurance system of claim 33, wherein the insured is required to use the data protection services provided by the data protection service provider.

36. The insurance system of claim 33, wherein the insurer'"'"'s insurance of the insured against losses arising out of data loss is at least partially contingent upon the insured'"'"'s using predetermined services provided by the data protection service provider.

37. The insurance system of claim 36, wherein the predetermined services are specified in the insurance agreement.

38. The insurance system of claim 33, wherein the identity of the data protection service provider is specified in the insurance agreement.

39. The insurance system of claim 33, wherein the data protection service provider provides a data backup service that includes creating a backup copy of the insured'"'"'s data at a location controlled by the data protection service provider and wherein the data protection service provider'"'"'s attempts to restore the insured'"'"'s lost data include attempting to generate a further copy of the insured'"'"'s data from the backup copy.

40. The insurance system of claim 39, wherein the data backup service is an online data backup service.

41. The insurance system of claim 33, wherein the data service provider'"'"'s attempts to restore the insured'"'"'s data include attempting to deliver to the insured an alternate storage medium with the restored version of the data stored on the alternate storage medium.

42. The insurance system of claim 33, wherein the insurance agreement provides for the provision of compensation to the insured if the data protection service provider is unable to restore the insured'"'"'s data.

43. A method for providing data insurance, the method comprising:

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

following a loss of data by the insured, providing services from the data protection service provider in an attempt to restore the insured'"'"'s data.

44. The method of claim 43, and further comprising:

providing compensation from the insurer for the data protection service provider'"'"'s attempts to restore the insured'"'"'s data.

45. The method of claim 43, and further comprising:

providing compensation from the insurer to restore the insured'"'"'s data from an alternate source in the event the data service provider cannot successfully restore the insured'"'"'s data from an electronic backup copy.

46. The method of claim 43, wherein the data protection service includes creating a backup copy of the insured'"'"'s data at a location controlled by the data protection service provider and generating, after a loss of data by the insured, a further copy of the insured'"'"'s data from the backup copy.

47. The method of claim 46, wherein the data protection service is an online data backup service.

48. The method of claim 43, wherein the data service providers attempt to restore the insured'"'"'s data includes attempting to deliver to the insured an alternate storage medium with a restored version of the data stored on the alternate storage medium.

49. The method of claim 43, and further comprising compensating the insured if it is not feasible to restore the insured'"'"'s lost data.

50. The method of claim 43, wherein the compensation to the insured if it is not feasible to restore the insured'"'"'s lost data is specified in the insurance agreement.