Tuesday, July 10, 2012

INFORMATION TECHNOLOGY HAZARDS CLARIFICATION CLAUSE


INFORMATION TECHNOLOGY HAZARDS CLARIFICATION CLAUSE
Losses arising, directly or indirectly, out of:
(i) loss of, alteration of, or damage to
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or
(ii) a reduction in the functionality, availability or operation of
a computer system, hardware, programme, software, data, information repository, microchip, integrated
circuit or similar device in computer equipment, whether the property of the Insured or not, do not in and of
themselves constitute an event unless arising out of one or more of the following perils;
fire, lightning, explosion, aircraft or vehicle impact, falling objects, windstorm, hail, tornado, cyclone,
hurricane, earthquake, volcano, tsunami, flood, freeze or weight of snow, subsidence, landslip,
collapse, heave and any other peril of nature not otherwise excluded

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