PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE Clause Examples
The "Professional Liability and Cyber Liability Insurance Coverage" clause requires a party, typically a service provider or contractor, to maintain insurance policies that protect against claims arising from professional errors, omissions, or negligence, as well as losses related to cyber incidents such as data breaches or cyberattacks. This clause usually specifies minimum coverage amounts, the types of incidents covered, and may require proof of insurance to be provided to the other party. Its core function is to allocate risk and ensure that adequate financial resources are available to address potential liabilities, thereby protecting both parties from significant financial loss due to professional mistakes or cybersecurity events.
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PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Contract, before commencing work on this Contract and throughout the term of this Contract, Contractor agrees to procure and maintain (a) Technology Professional Liability insurance for any and all services performed under this Contract, with minimum third party coverage of $1,000,000.00 per claim, $2,000,000.00 aggregate. To the extent Contractor has access to, processes, handles, collects, transmits, stores or otherwise deals with State Data, Contractor shall maintain first party Breach Notification Coverage of not less than $1,000,000.00. Before commencing work on this Contract the Contractor must provide certificates of insurance to show that the foregoing minimum coverages are in effect. With respect to the first party Breach Notification Coverage, Contractor shall name the State of Vermont and its officers and employees as additional insureds for liability arising out of this Contract.
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Contract, before commencing work on this Contract and throughout the term of this Contract, Contractor agrees to procure and maintain (a) Technology Professional Liability insurance for any and all services performed under this Contract, with minimum third party coverage of $3,000,000.00 per claim, $5,000,000.00 aggregate; and (b) first party Breach Notification Coverage of not less than $3,000,000.00. Before commencing work on this Contract the Contractor must provide certificates of insurance to show that the foregoing minimum coverages are in effect.
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Contract, before commencing work on this Contract and throughout the term of this Contract, Contractor agrees to procure and maintain (a) Technology Professional Liability insurance for any and all services performed under this Contract, with minimum third party coverage of $2,000,000 per claim, $4,000,000 aggregate; and (b) first party Breach Notification Coverage of not less than $2,000,000. Before commencing work on this Contract the Contractor must provide certificates of insurance to show that the foregoing minimum coverages are in effect. With respect to the first party Breach Notification Coverage, Contractor shall name the State of Vermont and its officers and employees as additional insureds for liability arising out of this Contract.
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Contract, before commencing work on this Contract and throughout the term of this Contract, Contractor agrees to procure and maintain (a) Technology Professional Liability insurance for any and all services performed under this Contract, with minimum third party coverage of $1,000,000.00 per claim, $2,000,000.00 aggregate. To the extent Contractor has access to, processes, handles, collects, transmits, stores or otherwise deals with State Data, Contractor shall maintain first party Breach Notification Coverage of not less than $500,000.00. Before commencing work on this Contract the Contractor must provide certificates of insurance to show that the foregoing minimum coverages are in effect.
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Master Agreement, before commencing work on this Master Agreement and any SOW Agreement entered into hereunder the Contractor must provide certificates of insurance to show that the foregoing minimum coverages are in effect throughout the term of this Master Agreement: (a) Technology Professional Liability insurance for any and all services performed under this Master Agreement and any SOW Agreement entered into hereunder, with minimum third party coverage of $1,000,000 per claim, $2,000,000 aggregate; and (b) and, to the extent Contractor shall have access to, processes, handles, collects, transmits, stores or otherwise deals with State Data, first party Breach Notification Coverage of not less than $1,000,000. With respect to the first party Breach Notification Coverage, Contractor shall name the State of Vermont and its officers and employees as additional insureds for liability arising out of this Agreement.
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Contract, before commencing work on this Contract and throughout the term of this Contract, Contractor agrees to maintain (a) Technology Professional Liability insurance for any and all services performed under this Contract, with third party coverage of $1,000,000.00 per claim, $2,000,000.00 aggregate; and (b) first party Breach Notification Coverage of $1,000,000.00. It is agreed that Contractor may satisfy the policy limits requirements for Technology Professional Liability and Cyber Liability coverages with one and the same insurance policy, provided that such policy has $1,000,000 per claim and $2,000,000 in the aggregate. Before commencing work on this Contract the Contractor must provide certificates of insurance to show that the foregoing coverages are in effect.
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Agreement, before commencing work on this Agreement and throughout the term of this Agreement, Contractor agrees to procure and maintain (a) Technology Professional Liability insurance for any and all services performed under this Contract, with minimum third party coverage of $1,000,000.00 per claim, $2,000,000.00 aggregate. To the extent Contractor’s performance requires it to access, process, collect, transmit, store or otherwise handle personally identifiable information or other confidential or sensitive information of the State or of any individual, Contractor shall maintain first party Breach Notification Coverage of not less than $500,000.00. Before commencing work on this Agreement, the Contractor must provide certificates of insurance to show that the foregoing minimum coverages are in effect.
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Contract, before commencing work on this Contract and throughout the term of this Contract, Contractor agrees to procure and maintain (a) Technology Professional Liability insurance for any and all services performed under this Contract, with minimum third party coverage of $1,000,000.00 per claim,
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Contract, before commencing work on this Contract and throughout the term of this Contract, Contractor agrees to procure and maintain (a) Technology Professional Liability/ Cyber Liability insurance for any and all services performed under this Contract, with third party coverage of $5,000,000.00 per claim and $5,000,000.00aggregate including first party Breach Notification and third-party cyber liability Coverage. Further, the policy will expressly provide, but not be limited to, coverage for losses arising from the following: (a) unauthorized use/access of computer systems (including mobile devices), servers, client’s data or software; (b) defense of any regulatory action involving a breach of privacy; (c) failure to protect the confidential or proprietary information (personal and commercial information) and intellectual property from unauthorized disclosure or unauthorized access; (d) failure to adequately protect physical security of servers and systems including from cyber terrorism; (e) the costs for: notification, whether or not required by statute, credit file or identity monitoring, identity restoration, public relations or legal experts; (f) third party liability; (g) cyber extortion and cyber terrorism; and (h) no exclusion for actual or alleged breaches of professional services agreements associated with the above. Before commencing work on this Contract the Contractor must provide certificates of insurance to show that the foregoing coverages are in effect. With respect to the third-party cyber liability coverage, Contractor shall include the State of Vermont and its officers and employees as additional insureds for liability arising out of this Contract.
PROFESSIONAL LIABILITY AND CYBER LIABILITY INSURANCE COVERAGE. In addition to the insurance required in Attachment C to this Contract, before commencing work on this Contract and throughout the term of this Contract, Contractor agrees to procure and maintain (a) Technology Professional Liability insurance for any and all services performed under this Contract, with minimum third party coverage of $1,000,000.00 per claim, $1,000,000.00 aggregate; Party shall maintain such professional liability insurance for a period of two years following completion of services under the Agreement. and (b) When the Party’s performance involves hosting confidential State data, or services in or on State information technology systems where confidential State data may reside, the Party shall have and maintain cyber liability and breach response insurance coverage at no less than $1,000,000 per claim, $1,000,000 aggregate. Such policy shall expressly provide, but not be limited to, coverage for losses arising from the following:
a. unauthorized use of or access to: computer systems (including mobile devices), servers, client’s data, or software;
b. defense of any regulatory action involving a breach of privacy;
c. failure to protect the confidential or proprietary information (personal and commercial information) and intellectual property from unauthorized disclosure or unauthorized access;
d. failure to adequately protect physical security of servers and systems including from cyber terrorism;
e. the costs for: notification (whether or not required by statute), credit file or identity monitoring, identity restoration, public relations, or legal experts;