|
ASCENT'"
<br />U N D E R W R I T I N G
<br />A. INSURED
<br />The insured means:
<br />A. The legal entity(s) shown in item 1 of the Declarations;
<br />& Any subsidiary of the logo[ entity(s) shown in item 1 of the Declarations, but only with respect to wrongful acts, Insured
<br />events, breaches or threats as detailed under the relevant Insuring Module that occur while it Is a subsidiary and
<br />otherwise covered by this policy;
<br />C. Any past, present, or future officer, director, trustee, or employee of any party described in VI (A) or (B) above., but only
<br />while acting within the scope of their duties as such;
<br />D. In the event that any party described in VI (A) or (B) above Is a partnership, limited liability partnership, or limited liability
<br />company, then any general or managing partner, principal, stockholder, or owner thereof, but only while acting within the
<br />scope of their duties as such;
<br />E, Any agent or independent contractor, including distributors, licensees, and sub - licensees, but only while acting on behalf
<br />of, at the direction of, or under the control of any party described In A (A) or (B) above; and
<br />F.
<br />Artj, ank(ky required by contract to be named an insured under this policy and to whom we consent in writing, but only for
<br />the acts of any such entity as provided by the contract, and as detailed Under the relevant Insuring Module.
<br />VII. DEFINITIONS
<br />A, Application means all application forms, including any attachments thereto, and all other information and materials
<br />submitted to us by you or on your behalf in connection with the underwriting of this policy. All such applications,
<br />attachments, information, and materials are deemed attached to and incorporated Into this policy.
<br />Bodily injury means physical injury, sickness. disease, death, mental anguish, mental injury, shock, humiliation or
<br />emotional distress sustained by any person.
<br />C. Breach of contract means breach of a written confracf(s) with a client to perform technology services because of:
<br />The technology services being negligently performed or containing a material defect;
<br />The technology services falling to most any statutory term concerning quality, safety, or fitness for a particular
<br />express purpose. or failing to most an implied duty to exercise that degree of care or skill consistent with
<br />applicable industry standards; or
<br />Breach of any hold harmless or indemnity provision regarding infringement of intellectual property rights, breach
<br />of security, or the confidentiality of information.
<br />D. Claim means:
<br />1, Awriften demand for monetary damages or non- monetary relief, a request for a tolling agreement, the service of
<br />a civil suit, or institution of arbitration proceedings resolved by you seeking monetary damages or the threat or
<br />initiation of a suit andfor proceeding seeking a temporary restraining order or a preliminary or permanent
<br />Injunction;
<br />2. A formal civil administrative proceeding or regulatory action or investigation to the extent covered by Insuring
<br />Module 7;
<br />3. A network evonfi,
<br />A. Notification to us of the need to incur event management costs, notification expenses or support and credit
<br />ruminating expenses; or
<br />5. A network extortion threat, (,)/
<br />B. Notification to us that eleckromm theft, computer fraud and/or telecommunications fraud has occurred.
<br />Ascent US v2.2 (Hightide) 2.015
<br />
|