According to Daniel Maldonado, attorney with Kunz Plitt Hyland & Demlong,the Internet and Social Media increasingly affect businesses, which also can cause substantial loss exposures.
Social Media Liability can be defined as a liability exposure arising out of using social media or networking sites such as Facebook, Twitter, YouTube, or LinkedIn. The risks involved in using these social media sites are including possible insurance claims filed for libel, slander, privacy invasion, intellectual property infringement, and harassment.
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