Insurance Policy 1St Party And 3Rd Party. The second party is the insurance company. While both policies help you in the event of a data breach, they differ in regard to response and level of coverage.
In exchange, the first party is liable to pay a premium amount to the second party. A first party receives insurance benefits only under comprehensive insurance as part of own damage cover A first party can be covered under personal accident cover and get own damage cover for his/ her car with a comprehensive insurance policy: