Business Insurance Terms

Definitions

Insured

1. Named Insured ("You") or any other person or organization first specified in Item 1A of the Declarations or endorsed to this policy; or
2. Subsidiaries of the Named Insured, but only if they are listed on the Application for this policy, and only with respect to Wrongful Acts which occur while they are a Subsidiary;
3. any present, past or future owner, principal, partner, officer, director, manager or member of the board of managers or equivalent executives of a limited liability company, stockholder, trustee or employee, including part-time, seasonal and temporary employees, of the Named Insured, but only with respect to the commission of a Wrongful Act committed while providing Computer & Technology Products and Services on behalf of the Named Insured.
4. any estate, heirs, executors, administrators or legal representatives of an Insured in the event of such Insured's death, incapacity, insolvency, or bankruptcy, but only for the Wrongful Acts of such Insured and only to the extent that such Insured would otherwise be provided coverage under the policy.
5. any independent contractor of the Named Insured who is a natural persons and who is engaged by or on behalf of the Named Insured or a Subsidiary pursuant to a written contract, but only with respect to the commission of a Wrongful Act within the scope of such person's duties performed on behalf of the Named Insured and only to the extent that such person is acting under the direction and control of the Named Insured or a Subsidiary.

Technology Products

computer, telecommunications or hardware, software, measurement,  middleware, network servers, storage and peripherals, tools or related electronic equipment, devices, instruments, integrated circuits, circuit boards, computer chips, central processor units, memory chips and motherboards including the design, development, manufacturing, distribution, licensing, leasing, sale,  installation, repair or maintenance thereof.

Technology Services

information technology project management and consulting, and information systems or network analysis, design, programming or integration; database design and the caching, collecting, compiling, processing, mining, or recording or analysis of data; information system outsourcing; information technology training and education; Website design, programming or maintenance;  information system or Website hosting; computer or telecommunications network design, maintenance, analysis, security; and computer or telecommunications hardware installation or repair.

Advertising

promotional material (including branding, co-branding, sponsorships and/or endorsements), publicly disseminated on any Internet Website on behalf of the Named Insured.

Advertising Services

promotional material (including branding, co-branding, sponsorships and/or endorsements), publicly disseminated by the Insured on the Named Insured's Internet Website on behalf of others.

Breach of Privacy

the unauthorized disclosure of sensitive personal or private information stored or otherwise maintained on the Named Insured's Computer System onto the Internet or otherwise into the public domain.

Denial of Service Attack

an event that is caused by a third party's malicious activity directed at the Insured which restricts or prevents access to an Internet Website or other network resource by other third parties authorized to gain access to that Website or resource.

Electronic Content

any data, text, sounds, images or similar matter disseminated electronically, including but not limited to Advertising and Advertising Services, and including matter disseminated electronically on the Insured's Internet Website. However, Electronic Content shall not include data, text, sounds, images or similar matter incorporated into or otherwise a part of Technology Products.

Electronic Media Activities

the electronic publishing, dissemination, releasing, gathering, transmission, production, web casting, or other distribution of Electronic Content on the Internet, on behalf of the Insured or by the Insured for others.

Hacker Attack

the Unauthorized Use of or Unauthorized Access to a Computer System other than the Insured's Computer System.

Insured's Computer System

a Computer System: leased, owned, or operated by the Insured; or operated solely for the benefit of the Insured by a third party service provider under written contract with the Insured.

Network Operations Security

those activities performed by the Insured, or by others on behalf of the Insured, to protect against Unauthorized Access to and the Unauthorized Use of the Insured's Computer System, or to protect against a Denial of Service Attack.

Malicious Code

unauthorized and corrupting or harmful software code, including but not limited to computer viruses, Trojan horses, keystroke loggers, cookies, spyware, adware, worms and logic bombs.

Unauthorized Access

the gaining of access to a Computer System by an unauthorized person or persons.

Unauthorized Use

the use of a Computer System by an unauthorized person or persons.