Updated Terrorism & Political Violence Cyber Clauses Published

The LMA has published three model cyber clauses for use with Terrorism and Political Violence policies - LMA5378A, LMA5379A and LMA5409A. 

These clauses will replace LMA5378, LMA5379 and LMA5409, respectively, which will now be archived. 

When using LMA5378A or LMA5379A, please note that these clauses must be amended to ensure that both the cover purchased by the insured and the ‘limited cyber sub-limit’ amounts are specified. 

All LMA model documents are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model documents as they see fit; the LMA does not protect its intellectual property rights over model documents. It is for underwriters to decide whether any contractual language is acceptable on any given risk.
Toby Clark