Page 90 - Hollard Private Portfolio - Version 3.4

○ Third party liability
You can be held legally liable for damages to a third party if you failed to prevent a cyber incident on your computer system or other internet-connected components. We will cover the following expenses after a cyber incident:
– The amounts which you are liable to pay for resultant damages to a third parties’ computer system.
– Legal costs.
– The reasonable costs for an expert to investigate and report the reasons and circumstances of the cyber incident
Specific exclusions – What we do not cover
The exclusions shown under the General exclusions section do not apply to the benefits payable under your Cyber insurance section. We will not pay a claim for any of the benefits shown in the Cyber Insurance cover section of this policy that was caused by or related to any of the following specific exclusions.
Acts of terrorism
We do not cover acts of terrorism. This exclusion does not apply to cyber terrorism where someone damages, disrupts or accesses your computer systems for religious or political purposes, to influence the government or to put the public in fear.
Bodily injury, trauma, illness or death
There is no cover for bodily injury, trauma (except as covered under the Trauma benefit), illness or death.
Business or professional purposes
There is no cover for activities carried out by you for business or professional purposes.
Coins, tokens and keys when trading with cryptocurrencies
We do not cover coins, tokens and keys that are lost, misplaced, broken, modified, unavailable, inaccessible or delayed when trading with cryptocurrencies. It includes coins (e.g. Bitcoin, Ethereum, Ripple, IOTA), tokens (e.g. EOS, NEM, Tether) or public and private keys.
Cyber insurance
– If you suffer financial loss from being a victim of phishing or email spoofing, we will cover the additional account charges for not keeping the minimum balance in your account or for failure to pay the monthly loan payment.
– We will cover reasonable legal costs to pursue:
• a claim against your bank or mobile wallet company for compensation of the theft of funds.
• a criminal case against the third party who is responsible for the theft of funds, phishing or email spoofing.
Examples
○ Your bank statement shows a transaction you can’t recall but the bank confirms that the transaction was made with your valid information and refuses to pay the funds lost.
○ You receive a phishing email (pretending to be from your bank) to get your username and password. The attacker uses this information to steal funds from your bank account or mobile wallet.
Your cover:
We will cover the costs to investigate how the incident occurred, cover the funds you lost, and fees for insufficient funds or defaulting on a payment. We will also cover any legal fees to prosecute the third party who committed the theft.
Example
Your device is hacked or infected with malware that causes damage to another person’s device or data. As a result, this person takes legal action against you for the damages they suffered.
88 Hollard Private Portfolio – Version 3.4 – 17 Aug 2023