Orange County NC Website
DocuSign Envelope ID:24BBAFA9-CD81-4144-ACEF-E9036E703739 <br /> Effective date of this Endorsement: 03-Jul-2021 <br /> This Endorsement is attached to and forms a part of Policy Number: VG00003589AB <br /> Beazley Insurance Company, Inc.referred to in this endorsement as either the "Insurer" or the "Underwriters" <br /> INVOICE MANIPULATION COVERAGE <br /> This endorsement modifies insurance provided under the following: <br /> Beazley MediaTech <br /> In consideration of the premium charged for the Policy, it is hereby understood and agreed that: <br /> 1. The aggregate sublimit applicable to all loss under this endorsement is USD $100,000. <br /> 2. The Retention applicable to each incident, event, or related incidents or events, giving rise to an <br /> obligation to pay loss under this endorsement shall be USD $5,000. <br /> 3. INSURING AGREEMENTS is amended to include: <br /> Invoice Manipulation <br /> To indemnify the Insured Organization for Direct Net Loss resulting directly from the <br /> Insured Organization's inability to collect Payment for any goods, products or services <br /> after such goods, products or services have been transferred to a third party, as a result <br /> of Invoice Manipulation that the Insured first discovers during the Policy Period: <br /> 4. DEFINITIONS is amended to include: <br /> Direct Net Loss means the direct net cost to the Insured Organization to provide goods, <br /> products or services to a third party. Direct Net Loss will not include any profit to the Insured <br /> Organization as a result of providing such goods, products or services. <br /> Invoice Manipulation means the release or distribution of any fraudulent invoice or fraudulent <br /> payment instruction to a third party as a direct result of aSecurity Breach or a Data Breach. <br /> Payment means currency, coins or bank notes in current use and having a face value. <br /> All other terms and conditions of this Policy remain unchanged. <br /> Authorized Representative <br /> E12293 Page 1 of 1 <br /> 022019 ed. <br />