Common use of Cyber/Network Security/Privacy Liability Insurance Clause in Contracts

Cyber/Network Security/Privacy Liability Insurance. Supplier shall at its own expense procure and maintain in full force at all time during the term of this Agreement Cyber/Network Security/Privacy Liability insurance, with minimum limits of $_________ per occurrence and per policy aggregate. Such insurance shall include, but not be limited to cyber and network risks such as security breaches, data theft or loss, unauthorized access/use, negligent transmission of a computer virus, identity theft, and any invasion, violation, breach or infringement of any right to privacy resulting from both electronic and non-electronic events with respect to any confidential or non-public personal information. The retroactive coverage date of the insurance policy shall be no later than the Effective Date of this Agreement. Such insurance shall remain in effect after termination of this Agreement in order to respond to any claims or losses subsequently made. Insurance required by this subsection shall be maintained in full effect at all times during the term of this Agreement and for ________ years hereafter.