Cover for any net income that would have been earned in the company's ordinary operating activities including the coverage of extra costs that occurs as a result of an attack on a company's network
Research, replace, restore or recollect software and any electronic data due to a network attack
Costs incurred to investigate, examine and analyse a computer network
Cover for the costs incurred to avoid, defend or preclude extortion as a result of a network security failure
Cover for any loss incurred from any fraudulent or erroneously paid funds. This typically relates to any expenses related to cyber extortion or terrorism such as the theft or destruction of any stored data, hardware, access codes for premises, computer system or cyber extortion by employees
Typically any Breach Consultation Services required as a result of a cyber-breach relating to costs such as legal, forensic and public relations assistance
Reimbursement of the costs that are incurred in relation to a breach of private or personal information, corporate information, Media and Social Media (including defamation, intellectual property rights and plagiarism)
Typically any costs associated with any privacy breach including customer Notification costs, Call Centre Services, Credit Monitoring, Identity Theft Resolution and Public Relations expenses incurred with existing customer
| Policy benefit | Limit of cover | Excess / Deductible |
|---|---|---|
| Data Forensic Expenses (costs to investigate and analyse a data incident) |
Full Limit | Standard Policy Excess |
| Breach Consultation Costs (to cover the cost of expert assistance during and after a cyber loss) |
Full Limit | Standard Policy Excess |
| Costs to Restore (Costs to restore or recreate damaged or lost data and systems) |
Full Limit | Standard Policy Excess |
| Breach Response Costs (Notification, Credit and ID Monitoring) |
Full Limit | Standard Policy Excess |
| Public Relations Costs (professional assistance to manage communications and reputational damage) |
Full Limit | Standard Policy Excess |
| Business Interruption (loss of profits due to cyber interruption) |
$250,000 | Greater of Standard Policy Excess or 12 hours waiting period |
| Hacker Theft Cover (eg someone hacks into your systems) |
$250,000 | Standard Policy Excess |
| Network Extortion Coverage for damage control (eg communicating with your customers) |
Full Limit | Standard Policy Excess |
| Loss Adjustor Costs (Costs of specialist assistance to assess and prepare a cyber claim) |
Full Limit | Standard Policy Excess |
| Third Party Liability cover (claims by clients, suppliers or others affected by a cyber incident) |
Full Limit | Standard Policy Excess |
| Regulator Liability (costs and liabilities arising from regulatory action following a breach) |
Full Limit | Standard Policy Excess |
| Investigation Liability (Costs of responding to an investigation into a cyber incident) |
Full Limit | Standard Policy Excess |
| Payment Card Industry Data Security Standard Cover (Certain costs and penalties following a payment-card data breach) |
Full Limit | Standard Policy Excess |
| Consumer Redress Fund Cover (Required contributions to an eligible consumer compensation fund) |
$250,000 | Standard Policy Excess |
| Emergency Costs (Urgent costs incurred to contain an incident and limit further loss) |
$250,000 | Standard Policy Excess |
| Loss Mitigation Costs (including Goodwill Coupon) |
$250,000 | Standard Policy Excess |
| Network Improvement (Betterment) (Limited costs to improve systems following a covered cyber incident) |
$10,000 | Standard Policy Excess |
| Personal Reputation Cover (Professional support to protect or restore an insured person’s reputation) |
$100,000 | Standard Policy Excess |
| Unplanned Outage / Human Error (Network Failure) (Business interruption caused by accidental system failure or human error) |
$100,000 | 24 Hours or Policy Excess (whichever is higher) |