Page 129 - Hollard Business Policy - Binder

Cyber Insurance (Claims-made Basis)
Crisis Management Expenses
Cyber Extortion Payment
Cyber Extortion Threat
reasonable and necessary expenses approved by the Company within 1 (one) year of the Insured notifying the Company of the Wrongful Act, for a public relations consultant and related advertising or communication expenses at the direction of said consultant
Cyber Extortion Loss
1. cyber Extortion Payment;
2. reasonable and necessary forensic fees and expenses to determine and neutralise any Malicious Code or other compromise of the Insured’s Computer System.
3. reasonable and necessary fees and expenses of the cyber extortion negotiator to investigate, determine and to end a Cyber Extortion Threat.
PROVIDED THAT:
1. the Cyber Extortion Loss shall not exceed the covered Expenses that the Insured would have incurred had the Cyber Extortion Payment not been paid;
2. Cyber Extortion Loss does not include any matters deemed uninsurable under the law governing the jurisdiction where the Insured has operations
funds or property paid with the Company’s prior consent to terminate a Cyber Extortion Threat
the Insured’s machine readable information the first amount payable by the Insured
deliberate attack on the Insured’s Computer System which restricts or prevents access by persons authorised to access same
the publication or broadcast by the Insured of any digital media content
use of the Insured’s Computer System to attain Unauthorised Use of or Unauthorised Access to, participate in a Denial of Service Attack against or transmit Malicious Code to a foreign Computer System
all Claim Expenses, Crisis Management Expenses, Notification Expenses, First Party Expenses, Loss of Business Income and Cyber Extortion Loss
a credible threat (accompanied by a demand for funds or property), directed at the Insured to intentionally introduce Malicious Code to, carry out a Denial of Service Attack against, or commit a Theft of Data from the Insured’s Computer System
Data
Deductible
Denial of Service Attack
Digital Multimedia Activities
Downstream Attack
Expenses
First Party Expenses
the following reasonable and necessary costs and expenses incurred by the Insured within 1 (one) year of the Insured notifying the Company of the Wrongful Act:
1. to restore, re-collect, or replace Data. If Data cannot be restored, re-collected or replaced, the actual costs incurred up to such determination;
2. of specialists, investigators, forensic auditors, or loss adjusters to conduct a review to substantiate that a Network Security Breach occurred, or to determine the scope, cause or extent of any theft or unauthorised disclosure of information or Data or Privacy Breach;
3. reasonable and necessary costs and expenses incurred by the Insured to contain the Network Security Breach; including the use of external equipment, services, labour, premises or additional operating costs
Hollard Business Policy – Binder – Version 8 2024
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