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Common use of Cyber Insurance Clause in Contracts

Cyber Insurance. In addition to insurance required under the Agreement, Supplier shall at its sole cost and expense procure and maintain through the term of the Agreement and for two (2) years following the termination or expiration of the Agreement cyber/network privacy insurance with limits of $5,000,000 per claim/in aggregate. Such policy shall provide coverage for disclosures and/or breaches of University Data arising out of or relating to Supplier’s Services. Such policy shall also include coverage for the costs associated with restoring lost or damaged University Data, sending breach notifications to affected individuals, public relations expenses, fines and penalties. Such policy shall not contain exclusions for the acts or omissions of either Supplier or University or their respective employees, agents, subcontractors or volunteers, whether intentional or unintentional, resulting in or relating to any Use of University Data not expressly permitted by the Agreement and this Addendum or any breach of University Data. Supplier must notify University at least thirty (30) days prior to the cancellation or modification of such policy.

Appears in 8 contracts

Samples: Purchase Order Terms and Conditions, Purchase Order Terms and Conditions, Purchase Order Terms and Conditions