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 |
|---|---|---|
| Business interruption loss (Loss of profits due to Cyber interruption) |
10% of your selected sum insured, subject to a maximum of $100k | Greater of your policy excess or 12 hours Waiting Period |
| Third party liability cover (damage to another party eg a client or supplier) |
Your selected sum insured and 10% of Aggregate Limit of Liability for Fines/Penalties | Your selected policy excess |
| First party crime: Hacker Theft Cover (e.g. someone hacks into your systems) |
5% of your selected sum insured subject to a max of $25k | Your policy excess but subject to a minimum of $5,000 |
| Costs to restore your lost data | 25% of your selected sum insured | Your selected policy excess |
| Breach consultation services cover, to cover the cost of experts assistance during and after a cyber loss | 10% of your selected sum insured | Nil Excess |
| Cyber breach response services cover (e.g. for Notification, Credit & Identification Monitoring) |
10% of your selected sum insured | Nil Excess |
| Public relations costs for damage control (e.g. communicating with your customers) |
10% of your selected sum insured | Nil Excess |
| Network Extortion Coverage for damage control (e.g. communicating with your customers) |
10% of your selected sum insured | Your selected policy excess |
| Data forensic expenses cover to cover the cost data experts | 25% of your selected sum insured | Your selected policy excess |