Common use of Cyber and Privacy Liability Clause in Contracts

Cyber and Privacy Liability. Although the preferred coverage for all sub-categories of cyber insurance is $5,000,000 (five million dollars), the table below can be used as a guide for coverage limits based on the number of MNPS schools in which the Recipient will be providing services. Coverage Type >39 Schools 25-39 Schools 10-24 Schools <10 Schools Cyber Liability - Coverage for third party claim arising from hacking or virus $5,000,000 $3,000,000 $2,000,000 $1,000,000 Privacy Liability - Coverage for a third party claim arising out of a loss/theft of SDI $5,000,000 $3,000,000 $2,000,000 $1,000,000 System Business Interruption $2,000,000 $500,000 $500,000 $100,000 Regulatory Actions and Investigations including defense costs and fines/penalties $5,000,000 $3,000,000 $2,000,000 $1,000,000 Privacy Breach Notification Costs including Credit Monitoring and costs from an Administrative Breach $5,000,000 $3,000,000 $2,000,000 $1,000,000 Cyber Threats and Extortion $1,000,000 $1,000,000 $1,000,000 $500,000 Multimedia Liability and Advertising Injury $500,000 $500,000 $500,000 $500,000 Crisis Communication Costs $2,000,000 $2,000,000 $1,000,000 $500,000 Recipient must provide a certificate of insurance, in a form satisfactory to MNPS (e.g. standard XXXXX), evidencing such coverages, and provide annual renewal certificates to MNPS throughout the term of this Contract.

Cyber and Privacy Liability. Although the preferred coverage for all sub-categories sub-­categories of cyber insurance is $5,000,000 (five million dollars), the table below can be used as a guide for coverage limits based on the number of MNPS schools in which the Recipient will be providing services. Coverage Type >39 Schools 25-39 25-­39 Schools 10-24 10-­24 Schools <10 Schools Cyber Liability - -­ Coverage for third party claim arising from hacking or virus $5,000,000 $3,000,000 $2,000,000 $1,000,000 Privacy Liability - -­ Coverage for a third party claim arising out of a loss/theft of SDI $5,000,000 $3,000,000 $2,000,000 $1,000,000 System Business Interruption $2,000,000 $500,000 $500,000 $100,000 Regulatory Actions and Investigations including defense costs and fines/penalties $5,000,000 $3,000,000 $2,000,000 $1,000,000 Privacy Breach Notification Costs including Credit Monitoring and costs from an Administrative Breach $5,000,000 $3,000,000 $2,000,000 $1,000,000 Cyber Threats and Extortion $1,000,000 $1,000,000 $1,000,000 $500,000 Multimedia Liability and Advertising Injury $500,000 $500,000 $500,000 $500,000 Crisis Communication Costs $2,000,000 $2,000,000 $1,000,000 $500,000 Recipient must provide a certificate of insurance, in a form satisfactory to MNPS (e.g. standard XXXXX), evidencing such coverages, and provide annual renewal certificates to MNPS throughout the term of this Contract.

Cyber and Privacy Liability. Although the preferred coverage for all sub-categories of cyber insurance is $5,000,000 (five million dollars), the table below can be used as a guide for coverage limits based on the number of MNPS schools in which the Recipient will be providing services. Coverage Type >39 Schools 25-39 Schools 10-24 Schools <10 Schools Cyber Liability - Coverage for third party claim arising from hacking or virus $5,000,000 $3,000,000 $2,000,000 $1,000,000 Privacy Liability - Coverage for a third party claim arising out of a loss/theft of SDI $5,000,000 $3,000,000 $2,000,000 $1,000,000 System Business Interruption $2,000,000 $500,000 $500,000 $100,000 Regulatory Actions and Investigations including defense costs and fines/penalties $5,000,000 $3,000,000 $2,000,000 $1,000,000 Privacy Breach Notification Costs including Credit Monitoring and costs from an Administrative Breach $5,000,000 $3,000,000 $2,000,000 $1,000,000 Cyber Threats and Extortion $1,000,000 $1,000,000 $1,000,000 $500,000 Multimedia Liability and Advertising Injury $500,000 $500,000 $500,000 $500,000 Crisis Communication Costs $2,000,000 $2,000,000 $1,000,000 $500,000 Recipient must provide a certificate of insurance, in a form satisfactory to MNPS (e.g. standard XXXXX), evidencing such coverages, and provide annual renewal certificates to MNPS throughout the term of this ContractAgreement.