SOFTWARE AND DATA-RELATED LOSSES EXCLUSION

1. The Insurance by this policy excludes any Software Loss except :

• Software Loss resulting solely from direct physical loss of or direct physical damage to the equipment, hardware, media or device on which the program, computer software or operating systems, programming instructions, or data are transported, processed or contained.
• Direct physical loss or direct physical damage to tangible property by Fire or Explosion that result from a Software Loss. For the purpose of this endorsement, electronic data, programme (s), computer software or operating system (s), programming instruction (s) and data are not tangible property.

2. Software Loss means loss of or damage to any programme (s), computer software or operating system or operating system (s), programming instruction (s), or data arising out of resulting from any failure, malfunction, deficiency, deletion, fault, virus, deletion or corruption or any loss of use, reduction in functionality, cost, expense or liability resulting thereform.

Software loss includes, but is not limited to, loss or damage resulting from any authorized or unauthorized access in, of or to any computer, communication system, file server, networking equipment, computer system, computer hardware, data processing equipment, computer memory, microchip, microprocessor (computer chip), integrated circuit or similar device in computer equipment, any program, computer software or operating systems, programming instructions or data.

3. Virus means software, data or code that affects the operation or functionality of any computer, communication system, file server, networking equipment, computer system, computer hardware, data processing equipment, computer memory, microchip, microprocessor (computer chip), integrated circuit or similar device in computer equipment, program, computer software or operation systems, programming instructions or data including, but not limited to, any destructive program, computer code, computer virus, worm, logic womb, denial of service attack, smurf attack, vandalism, Trojan Worse or any other data introduced into any electronic systems causing deletion, destruction, degradation, corruption, malfunction or compromise of or to data, software or electronic business system.