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 /> CRYPTOJACKING ENDORSEMENT <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 /> Cryptojacking <br /> To indemnify the Insured Organization for any direct financial loss sustained resulting <br /> from Cryptojacking that the Insured first discovers during the Policy Period. <br /> 4. DEFINITIONS is amended to include: <br /> Cryptojacking means the Unauthorized Access or Use of Computer Systems to mine for <br /> Digital Currency that directly results in additional costs incurred by the Insured Organization <br /> for electricity, natural gas, oil, or internet(the "Utilities"); provided, however, that such additional <br /> costs for the Utilities are: <br /> 1. incurred pursuant to a written contract between the Insured Organization and <br /> the respective utility provider, which was executed before the Cryptojacking <br /> first occurred; <br /> 2. billed to the Insured Organization by statements issued by the respective utility <br /> provider, which include usage or consumption information; <br /> 3. not charged to the Insured Organization at a flat fee that does not scale with <br /> the rate or use of the respective utility; and <br /> 4. incurred pursuant to statements issued by the respective utility provider and due <br /> for payment during the Policy Period. <br /> All other terms and conditions of this Policy remain unchanged. <br /> Authorized Representative <br /> E12972 Page 1 of 1 <br /> 052019 ed. <br />