Network and Business Interruption Sample Clauses

The Network and Business Interruption clause defines the insurer’s obligation to cover losses resulting from disruptions to a business’s computer networks or technology systems. Typically, this clause applies when a cyber incident, such as a hacking event or system failure, causes the insured business to temporarily halt operations or lose revenue. By providing financial compensation for lost income and extra expenses incurred during the interruption, the clause helps businesses recover from technology-related disruptions and mitigates the financial impact of unforeseen network outages.