Page 145 - Agriculture Policy Wording Binder

Cyber Insurance (Claims-made Basis)
CYBER INSURANCE (CLAIMS-MADE BASIS)
DEFINED EVENTS
Notwithstanding General Exception 5, Cyber exclusion, and subject to the Terms, Conditions and Exclusions of this Policy, including this Section, the Company agrees to:
1. Cyber liability
indemnify the Insured for amounts the Insured is legally liable to pay as Loss resulting directly from a Claim first made against the Insured and notified to the Company in accordance with the provisions of this Section during the Policy Period as a result of a Wrongful Act;
2. Crisis management expenses and notification expenses
pay Crisis Management Expenses and Notification Expenses incurred by the Insured resulting directly from a Claim first made and notified to the Company in accordance with the provisions of this Section during the Policy Period as a result of a Wrongful Act;
3. First party expenses
The Company shall pay First Party Expenses incurred by the Insured during the Restoration Period, resulting directly from a Claim first made and notified to the Company in accordance with the provisions of this Section during the Policy Period as a result of a Wrongful Act;
4. Loss of business income
pay Loss of Business Income incurred by the Insured during the Restoration Period, resulting directly from a Claim first made and notified to the Company in accordance with the provisions of this Section during the Policy Period as a result of a Wrongful Act;
PROVIDED THAT:
1. the liability of the Company shall not exceed 50% (fifty percent) of the Limit of Indemnity stated in the Schedule;
2. the indemnity period shall commence 12 (twelve) hours after the actual impairment or denial of the Insured’s business activities having occurred;
3. the maximum indemnity period for Loss of Business Income is 150 (one hundred and fifty) days;
5. Cyber extortion
reimburse Cyber Extortion Loss incurred by the Insured resulting directly from a Claim first made and notified to the Company in accordance with the provisions of this Section during the Policy Period as a result of a Wrongful Act;
6. Digital media liability
indemnify the Insured for Loss which the Insured is legally liable to pay resulting directly from a Claim first made against any Insured and notified to the Company in accordance with the provisions of this Section during the Policy Period as a result of a Harmful Act;
PROVIDED THAT:
1. the Company’s maximum liability for all payments on Claims made during the Policy Period, including all Expenses, shall be the lesser of the applicable Defined Event Limit of Indemnity or the unpaid portion of the applicable Aggregate Limit of Indemnity in the Schedule for this Section for each Policy Period, regardless of the number of Claims or applicable Defined Events;
2. Claims involving the same or directly related Wrongful Acts or Harmful Acts constitutes a single Claim, originating at the earliest date a Claim is first made alleging such Wrongful – or Harmful Act;
Policy Wording – Agriculture – Binder – Version 2 2023 Page | 143