Cyber Liability definition

Cyber Liability means any liability arising out of or related to the acquisition, storage, security, use, misuse, disclosure, or transmission of electronic data of any kind, including, but not limited to, technology errors and omissions, information security and privacy, privacy notification cost, penalties for regulatory defense or penalties, website media content, disclosure or misuse of confidential information, failure to prevent unauthorized disclosure or misuse of confidential information, improper or inadequate storage or security or personal or confidential information, unauthorized access to computer systems containing confidential information, or transmission or failure to prevent transmission of a computer virus or other damaging material.

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Cyber Liability means injury loss or damage arising out of:

Cyber Liability combined single limit, or the equivalent, of not less than $1,000,000 per occurrence for network security (including data breach), privacy, interruption of business, media liability, and errors and omissions. The policy(s) shall be primary insurance as respects to CareOregon. Any insurance or self-insurance maintained by CareOregon shall be excess and shall not contribute to it. Contractor shall provide CareOregon with a waiver of subrogation in favor of CareOregon for commercial general liability and workers’ compensation, if applicable. Contractor understands that the provisions of this Section may necessitate that Contractor purchase "tail insurance" if its coverage lapses or "nose insurance" and/or "tail insurance" if Contractor changes insurance carriers, even after this Contract has terminated. Should Contractor’s insurance coverage change, lapse or be terminated while this Contract is in effect, Contractor shall provide CareOregon with 30-days advance written notice.

Examples of Cyber Liability in a sentence

• Contractor shall maintain throughout the duration of this Agreement plus a minimum of three additional years, Cyber Liability Insurance in an amount not less than Five Million Dollars ($5,000,000) and shall provide the City with certification thereof.

• Cyber Liability Insurance, with limits not less than $2,000,000 per occurrence or claim, 01375.0001/962053.4 privacy violations, information theft, damage to or destruction of electronic information, release of private information, and alteration of electronic information.

• Provider shall agree to maintain Cyber Liability in limits not less $1,000,000 Per Occurrence for direct loss, legal liability and consequential loss resulting from cyber security breaches.

• Cyber Liability Insurance, with limits not less than $2,000,000 per occurrence or claim, cyber extortion, social engineering, infringement of intellectual property, including but not limited to infringement of copyright, trademark, trade dress, invasion of privacy violations, information theft, damage to or destruction of electronic information, release of private information, and alteration of electronic information.

• Excluding the Professional Liability and Cyber Liability policies, all insurance coverage maintained or procured pursuant to this agreement shall be endorsed to waive subrogation against City, its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Consultant or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss.

• Excluding the Professional Liability and Cyber Liability policies, coverage provided by Consultant shall be primary and any insurance or self-insurance procured or maintained by City shall not be required to contribute with it.

• Such Cyber Liability Insurance shall include privacy notification, which shall be evidenced on the certification.

• Cyber Liability if requested by the State addressing risks associated with electronic transmissions, the internet, networks and informational assets, and having limits of no less than $700,000 per occurrence and $5,000,000 in the aggregate.

• Blanket additional insured coverage is required for Commercial General Liability, Automobile Liability and Cyber Liability, to include AH; its Commissioners; its officers, directors, employees, and volunteers; and any other party as may be required.

• If not covered under the Contractors liability policy, such “property” coverage may be endorsed onto the Contractors Cyber Liability Policy as covered property as follows: Cyber Liability Coverage in an amount sufficient to cover the full replacement value of damage to, alteration of, loss of, or destruction of electronic data and/or information “property” of the State that will be in the care, custody, or control of Vendor.

More Definitions of Cyber Liability

Cyber Liability means the liability of the Assured or the Assured’s own losses for or arising out of the following:

Cyber Liability. Five Million Dollars per occurrence aggregate;