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2022-077-E-IT Dept-PUBLIC LIBRARY ASSOCIATION, a divison of the American Library Association-Digital learning
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2022-077-E-IT Dept-PUBLIC LIBRARY ASSOCIATION, a divison of the American Library Association-Digital learning
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Last modified
2/23/2022 3:05:36 PM
Creation date
2/23/2022 3:00:56 PM
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Contract
Date
2/15/2022
Contract Starting Date
2/15/2022
Contract Ending Date
2/23/2022
Contract Document Type
Contract
Amount
$15,000.00
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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 /> REPUTATION LOSS <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. Limit listed in the Declarations under COVERAGE SCHEDULE is amended to include: <br /> Reputation Loss: USD $1,000,000 <br /> 2. Retention listed in the Declarations underCOVERAGE SCHEDULE is amended to include: <br /> Each incident giving rise to Reputation Loss: USD $5,000 <br /> 3. INSURING AGREEMENTS is amended by the addition of: <br /> Reputation Loss <br /> To indemnify the Insured Organization for Reputation Loss that the Insured <br /> Organization sustains solely as a result of an Adverse Media Event that occurs during the <br /> Policy Period, concerning: <br /> 1. a Data Breach, Security Breach, or Extortion Threat that the Insured first <br /> discovers during the Policy Period; or <br /> 2. if this policy is a Renewal, a Data Breach, Security Breach, or Extortion Threat <br /> that the Insured first discovers during the last 90 days of the prior policy period. <br /> 4. DEFINITIONS is amended to include: <br /> Adverse Media Event means: <br /> 1. publication by a third party via any medium, including but not limited to television, <br /> print, radio, electronic, or digital form of previously non-public information specifically <br /> concerning a Data Breach, Security Breach, or Extortion Threat; or <br /> 2. notification of individuals pursuant to part 4. of the Breach Response Costs <br /> definition. <br /> Multiple Adverse Media Events arising from the same or a series of related, repeated or <br /> continuing Data Breaches, Security Breaches, or Extortion Threats, shall be considered <br /> a single Adverse Media Event, and shall be deemed to occur at the time of the first such <br /> Adverse Media Event. <br /> Claims Preparation Costs means reasonable and necessary costs that the Named Insured incurs <br /> to contract with a third party to prepare a proof of loss demonstrating Reputational Loss. <br /> E13040 Page 1 of 3 <br /> 062019 ed. <br />
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