29.1What level of cover is adequate to satisfy the requirement to effect and maintain cyber incident insurance under paragraph 2.10 of the Program Guidelines?
Clause 45.1 of the draft Grant Agreement provides:
The Partner agrees to have current and adequate insurance appropriate to the Activity. Any additional requirements are specified in the Schedule.
Specific requirements in relation to insurance will be negotiated with successful Partners and set out in the Schedule to the Grant Agreement. While there is no level of cover specified in the Program Guidelines for cyber incident insurance, applicants may wish to indicate what insurance they have in place and, if inadequate or inappropriate to the Activity, what will be done to ensure adequate insurance appropriate to the Activity will be put in place.
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