Impairment of Computer Services - Chubb Group of Insurance ...

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Loss DeterminationBusiness Income(continued)• the likely net income of your business if no malicious programming occurred, but notincluding any business income that would likely have been earned as a result of anincrease in the volume of business due to favorable business conditions caused by theimpact of the covered loss on customers or on other businesses; and• your continuing operating expenses, including your continuing normal payroll expenses,necessary to resume operations with the same quality of service that existed just beforethe malicious programming.Extra ExpenseThe amount of extra expense loss will be determined based on necessary expenses that:• exceed your normal operating expenses that would have been incurred by operationsduring the period of recovery of computer services, if no malicious programming hadoccurred; and• reduce the business income loss that otherwise would have been incurred.We will deduct from the total of such expenses:• the salvage value that remains of any property bought for temporary use during theperiod of recovery of computer services, once operations are resumed; and• any extra expense that is paid for by other insurance.Resumption OrContinuance OfOperationsWe will reduce the amount of any business income loss payment to the extent you can resumeor continue your operations, in whole or in part, by using any available electronic data orsystem, including the electronic data or system impacted by the malicious programming.If you elect not to resume or continue operations:• any loss determination for business income will be based on the length of time it wouldhave taken to resume or continue operations with due diligence and dispatch; and• we will not make any payment for extra expense.Loss PaymentLimitationsContributing PhysicalLoss Or DamageWe will not pay for any business income loss or extra expense caused by or resulting frommalicious programming if direct physical loss or damage:• contributes concurrently to, or• contributes in any sequence to,such business income loss or extra expense.Property InsuranceForm 80-02-1095 (Ed. 7-03) Contract Page 6 of 7
Impairment Of Computer Services -Malicious ProgrammingLoss PaymentLimitations(continued)ExtortionWe will not pay that part of any business income loss or extra expense you incur to respond toextortion or other similar threat.Loss Of MarketWe will not pay for any loss that results from loss of market, loss of use or delay.Conditions (IncludingCoverage Territory)The conditions applicable to this contract are contained in the Property/Business IncomeConditions And Definitions form included in this policy. Any additional conditions arecontained in the Additional Condition section of this contract.Additional ConditionSystem SecurityIf a system is protected by security software, you are required to maintain and, as necessary,upgrade (at your own cost) such software so that it provides a technologically credible level ofsecurity.We will not pay for any loss caused by malicious programming if, prior to the maliciousprogramming, you:• knew of any defect or deficiency in the security software and failed to correct it;• failed to maintain the security software in complete working order; or• knew of any technologically credible upgrades to the security software that could haveprevented the malicious programming, and failed to make them.DefinitionsThe definitions applicable to this contract are contained in the Property/Business IncomeConditions And Definitions form included in this policy. Any definition that amends thedefinitions contained in the Property/Business Income Conditions And Definitions form areshown in the Amended Definition section of this contract.Amended DefinitionExtra ExpenseExtra expense means necessary expenses you incur in an attempt to continue operations, overand above the expenses you would have normally incurred.Property InsuranceForm 80-02-1095 (Ed. 7-03) Contract Page 7 of 7
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Impairment of Computer Services - Chubb Group of Insurance ...

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