Insurance policy guidelines Sample Clauses

Insurance policy guidelines. In this section, we provide a general overview of the main ingredients involved in structuring a cyber insurance policy as a risk transfer option. Before considering risk transfer, cyber risk should be mitigated by the introduction of countermeasures such as new security technologies, process improvements, and training of personnel. For these operational aspects, the WISER platform already supports risk identification and it proposes the best solutions to implement according to a cost/benefit analysis, as further described in D5.1 (section 5.3) and D5.2 (section 5.1.3). Risk treatment is the activity of selecting and implementing appropriate control measures to deal with the risk (ISO31000). Risk treatment includes:  Risk control (or mitigations).  Risk avoidance.  Risk transfer (or risk sharing).  Risk financing. Transfer of risk is the underlying xxxxx behind insurance transactions. The purpose of this action is to take a specific risk, which is detailed in the insurance contract, and pass it from one party who does not wish to have this risk (the insured) to a party who is willing to take on the risk for a fee or premium (the insurer). The insurance market for cyber risks is relatively young: cyber risk insurance is not yet widely adopted, although this type of policies is increasingly recognised by companies as a valid tool to protect their assets. Given the complexity of the information systems supporting business processes, the lack of reliable databases to support modelling the policy premiums and the awareness that cyber risk cannot be completely eliminated, the insurance policies currently available for cyber risk do not offer standard covers which are applicable regardless of the different business sectors and the different exposures of individual companies. Therefore, the main difficulty that companies face is to identify which risks can effectively be transferred and what is a reasonable price according to a cost/benefit analysis [32].
Sample 1
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Related to Insurance policy guidelines

  • SPAM POLICY You are strictly prohibited from using the Website or any of the Company's Services for illegal spam activities, including gathering email addresses and personal information from others or sending any mass commercial emails.

  • Insurance Policy The Employer agrees to remit to the Union an amount to be applied toward the payment of a premium by the Union for an insurance policy which provides a defense attorney to represent all members of the bargaining unit when they are charged with a criminal act that results from events occurring while the bargaining unit member was acting in an official capacity. The maximum amount payable during the term of the Agreement shall be seven dollars ($7.00) per member per month.

  • Schedule of Underlying Insurance Policies If Umbrella or Excess policy is evidenced to comply with minimum limits, a copy of the Underlying Schedule from the Umbrella or Excess insurance policy may be required.

  • Insurance Policies Insurance required herein shall be by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same.

  • Alcohol Policy Residents are required to abide by all New York State and New York University regulations regarding the use of alcohol. In residence halls, persons under the age of 21 may not be in the presence of alcohol or alcoholic beverage containers. Students (including residents and non- residential students), and guests who are of legal drinking age (21 years of age or older) may possess and consume alcoholic beverages (referred herein “alcohol”) within NYU residence halls in accordance with the following:

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  • Required Policies and Coverages Without limiting any liabilities or any other obligations of Seller under this Agreement, Seller shall secure and continuously carry with an insurance company or companies rated not lower than “B+” by the A.M. Best Company the insurance coverage specified below:

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  • Insurance Programs 1. The District agrees to provide a program of life, medical and dental insurance benefits for teachers. The District shall offer each employee a choice between the following two (2) programs of medical and health care:

  • Safety Policy Each employer is required by law to have a safety policy and program. TIR will ask for and may require a copy of that policy and program.

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