Common Contracts
1 similar Cyber Insurance Policy contracts
ContractCyber Insurance Policy • October 15th, 2015
In consideration of the premium charged and in reliance on the statements made and information provided to the underwriters, including but not limited to the statements made and information provided in and with the application, which is made a part of this policy, as well as subject to the policy limit, the retention and all of the terms, conditions, limitations and exclusions of this policy, the underwriters agree with the named insured as follows: I. Insuring agreement The underwriters will pay on behalf of the insured:Loss incurred by the insured in excess of the retention resulting from a data breach, security failure or extortion threat that first occurs on or after the retroactive date and is discovered by the insured during the policy period.Loss means: a. breach costs; b. cyber extortion costs; c. claim expenses, damages and PCI assessments because of a claim made against the insured; d. claim expenses and penalties because of a regulatory proceeding initiated against t
