Cyber Coverage and Claims Information

Commercial

• 1-Page NDA
• Confidentiality Agreement
• Deed of Amendment
• Deed of Guarantee
• Deed of Novation
• Deed of Termination and Release
• Services Agreement for a Single Client
• Terms of Business for Services
• Data Protection Policy

Website Documents

• Privacy Policy
• Website Returns Policy
• Website Terms of Use

Company Secretarial

• Adoption or replacement of constitution (shareholder approvals package)
• Appointment of company officers (director approvals package)
• Change of company name (shareholder approvals package)
• Constitution – proprietary company limited by shares
• Deed of Access and Indemnity
• Execution of documents (director approvals package)
• Power of Attorney – execution of documents
• Resignation of company officers (director approvals package)

Corporate

• Business Sale Agreement
• Shareholders’ or Unitholders’ Deed

Dispute Resolution

• Deed of Settlement and Release

Finance

• Loan or Loan Facility Agreement

Intellectual Property

• Deed of Assignment of IP
• IP Licence Agreement

Legal Health Check

• Legal Health Check

Property

• Commercial Lease (non-retail)
• Transfer of Lease

Trusts

• Family Trust Deed
• Unit Trust Deed

The cover provided under Section B – Loss To Others section of this policy is extended to your participation in a joint venture or consortium you have declared to us.

This Optional Cover – Joint Venture And Consortium Cover applies only if you have declared to us the estimated total revenue to be received from the joint venture or consortium for the coming 12 month period and the joint venture or consortium is named in your schedule.

This Optional Cover covers you only. No other participant in such joint venture or consortium, and no other third party, has any rights under this policy, nor shall we be liable to pay a contribution to any insurer of any other participant in such joint venture or consortium.

Section F – Exclusion 21 of the policy is varied to the extent of this Optional Cover – Joint Venture And Consortium Cover.

We will pay the cost of the replacement or repair of your IT hardware that is physically damaged or no longer suitable for use solely and directly because of a cyber event covered under this policy or the incurring of related cyber event response costs.

Section F – Exclusion 1 of the policy is varied to the extent of this Optional Cover – Tangible Property Cover.

We will pay a direct financial loss to you or a direct financial loss to others directly arising out of:

1. cyber theft;
2. socially engineered theft;
3. identity-based theft;
4. telephone phreaking; or
5. cryptojacking

that is first discovered by you and notified to us in the policy period.

Section F – Exclusion 19 of the policy is varied to the extent of this Optional Cover – Criminal Financial Loss Cover.

For the purposes of this Optional Cover – Criminal Financial Loss Cover only, we will pay pursuit costs of up to a maximum of $50,000 paid with our agreement and consent to a third party (other than a law enforcement officer or your current or former employee or IT contractor), as reward for assistance leading to the arrest and conviction of the perpetrator of a cyber theft, socially engineered theft, identity-based theft, telephone phreaking or cryptojacking.

For the purposes of this Optional Cover – Criminal Financial Loss Cover only, the words listed below have been given a specific meaning and these specific meanings apply:

direct financial loss means

1. your funds, accounts receivable or securities, or the funds, accounts receivable or securities in your control belonging to others, that are lost due to cyber theft, identity-based theft or socially engineered theft and remain unrecoverable, or
2. unintended or unauthorised call charges or bandwidth charges in excess of normal and usual amounts that you must pay caused by telephone phreaking, or
3. unintended or unauthorised bandwidth charges and electricity costs in excess of normal and usual amounts that you must pay caused by cryptojacking.

investigation costs means costs you incur with our prior consent, not unreasonably withheld, to investigate and substantiate the circumstances and amount of a socially engineered theft covered under this Optional Cover – Criminal Financial Loss Cover. Investigation costs are included in the limit for Optional Cover – Criminal Financial Loss.

You must report the cyber theft, socially engineered theft, identity-based theft, telephone phreaking or cryptojacking to, respectively, the Australian Cyber Security Centre, your financial institution and your telephone service provider, within 24 hours of it first being discovered by you.

The sublimit for any claim or series of related claims for socially engineered theft is stated in your schedule. The maximum limit we will pay for all direct financial loss under this Optional Cover – Criminal Financial Loss is stated in your schedule.

We will pay you impact on business costs caused by:

1. supplier outage, or
2. system failure.

For the purpose of this Optional Cover – Contingent Business Interruption Cover only the words listed below have been given a specific meaning and the specific meanings apply:

cyber event is extended to include a cyber event at your direct external supplier’s business.

impact on business costs means:

1. the amount that the revenue you earn during the indemnity period falls short of the revenue you ordinarily earn directly as a result of a supplier outage or a system failure, less any consequent savings, and
2. the net increased costs incurred to avoid a reduction in revenue directly as a result of the interruption to your business provided the amount of increased costs paid is less than we would have paid for a reduction in standard revenue in a. above. Net increased costs do not include your ongoing normal operating expenses, salaries or overhead expenses.

The amount is calculated by reference to the records of your business and any other documents that we reasonably request. Impact on business costs does not include cyber event response costs. We will not pay any impact on business costs incurred under this Optional Cover – Contingent Business Interruption Cover during the waiting period of three days (72 hours) after the first interruption to your business.

indemnity period is amended and means the continuous period starting from the first interruption to your business until:

1. supply from your direct external supplier resumes, or until you have a substitute supply (in the case of supplier outage), or
2. the outage is sufficiently restored to support your usual business operations (in the case of system failure) plus reasonable additional time to allow your business and revenue to normalise. The indemnity period shall not exceed a total length of 35 days.

supplier outage means an interruption to your business directly arising from an outage at your direct external suppliers’ business, where, in our reasonable opinion, the outage has been caused by a cyber event at your direct external supplier’s business.

system failure means an interruption to your business directly arising from an unintentional, unexpected and unplanned outage of your IT infrastructure or IT infrastructure under the direct control of your IT contractor, but does not include outage:

1. caused by a cyber event;
2. caused by using untested, disapproved or illegal software, or software that is past its end-of-life and no longer supported;
3. caused by use of a non-operational part of your IT infrastructure;
4. falling within parameters of a service level agreement;
5. arising out of commercial dispute, failure to pay for services or refusal to deliver services paid for; or
6. arising out of physical cause or natural peril, such as fire, wind, water, flood, lightning, explosion, collision, subsidence, earthquake, or any other act of God.

The maximum limit we will pay under this Optional Cover – Contingent Business Interruption Cover is $250,000 unless another amount is stated in your schedule.