Common use of Minimisation of risk Clause in Contracts

Minimisation of risk. 6.13.1 You will take all reasonable steps at your own expense to prevent an insured event arising or continuing. 6.13.2 Upon the happening of an insured event and at all times thereafter, you shall act as a prudent uninsured and take all reasonable measures as are appropriate to avoid or minimise any claims which arise or may arise from that insured event. Any failure by you to take such steps shall reduce or extinguish our liability to indemnify you under the policy to the extent that such failure has increased the claim under the policy. 6.13.3 In respect of the coverage afforded under the ‘Hacker protection’ clause, the insured will take all reasonable steps to protect information and communication assets, by: a) having virus protection software operating on information and communication assets which is running, correctly configured and regularly or automatically updated; b) having a fire wall or similar configured device to control access to information and communication assets; c) encrypting and controlling the access of all information and communication assets and external devices including plug-in devices networked to information and communication assets; d) controlling unauthorised access to information and communication assets by correctly configuring its wireless network; e) changing all passwords on information and communication assets at least every sixty (60) days and cancel any username, password or other security protection after it knew or had reasonable grounds to suspect that it had been available to any unauthorised person; f) taking regular back-up copies of any data, file or programme on information and communication assets; g) having an operational system for logging and monitoring user activity on information and communication assets.

Minimisation of risk. 6.13.1 You will take all reasonable steps at your own expense to prevent an insured event arising or continuing. 6.13.2 Upon the happening of an insured event and at all times thereafter, you shall act as a prudent uninsured and take all reasonable measures as are appropriate to avoid or minimise any claims which arise or may arise from that insured event. Any failure by you to take such steps shall reduce or extinguish our liability to indemnify you under the policy to the extent that such failure has increased the claim under the policy. 6.13.3 6.32.3 In respect of the coverage afforded under the ‘Hacker protectionFraudulent use of information’ clause, the insured will take all reasonable steps to protect information and communication assets, by: a) having virus protection software operating on information and communication assets which is running, correctly configured and regularly or automatically updated; b) having a fire wall or similar configured device to control access to information and communication assets; c) encrypting and controlling the access of all information and communication assets and external devices including plug-in devices networked to information and communication assets; d) controlling unauthorised access to information and communication assets by correctly configuring its wireless network; e) changing all passwords on information and communication assets at least every sixty (60) days and cancel any username, password or other security protection after it knew or had reasonable grounds to suspect that it had been available to any unauthorised person; f) taking regular back-up copies of any data, file or programme on information and communication assets; g) having an operational system for logging and monitoring user activity on information and communication assets.