Common use of INSURING CLAUSES Clause in Contracts

INSURING CLAUSES. ‌ 3.1 The insurer will pay on behalf of the director: (a) loss and defence costs and expenses arising from a claim against the director in their capacity as such provided that the claim is first made during the period of insurance; or (b) investigation defence costs and expenses; or (c) criminal prosecution defence costs and expenses; or (d) pollution defence costs and expenses; or (e) extradition proceedings defence costs and expenses; or (f) asset and liberty proceedings defence costs and expenses for any amount not exceeding the sub-limit of indemnity stated in the schedule or (g) public relations expenses: except to the extent insuring clause 3.2 applies. 3.2 The insurer will pay on behalf of the company any sums that the company has paid to or is held liable to pay the director by way of an advancement or indemnity in relation to the director’s liability that would otherwise be covered by insuring clause 3.1. 3.3 The insurer will pay on behalf of the company the shareholders derivative costs. 3.4 The insurer will pay defence costs and expenses incurred by the director or the company in connection with an identity theft claim first made during the period of insurance. 3.5 The insurer will pay on behalf of the company any loss and defence costs and expenses arising from a claim against the company for an employment practices wrongful act provided that the claim is first made against the company during the period of insurance or discovery period if applicable. Cover in respect of this insuring clause 3.5 shall be subject to a sub-limit of GBP 1,000,000.

INSURING CLAUSES. ‌ 3.1 The insurer will pay on behalf of the director: (a) loss and defence costs and expenses arising from a claim against the director in their capacity as such provided that the claim is first made during the period of insurance; or (b) investigation defence costs and expenses; or (c) criminal prosecution defence costs and expenses; or (d) pollution defence costs and expenses; or (e) extradition proceedings defence costs and expenses; or (f) asset and liberty proceedings defence costs and expenses for any amount not exceeding the sub-limit of indemnity stated in the schedule or (g) public relations expenses: except to the extent insuring clause 3.2 applies. 3.2 The insurer will pay on behalf of the company any sums that the company has paid to or is held liable to pay the director by way of an advancement or indemnity in relation to the director’s liability that would otherwise be covered by insuring clause 3.1. 3.3 The insurer will pay on behalf of the company the shareholders derivative costs. 3.4 The insurer will pay defence costs and expenses incurred by the director or the company in connection with an identity theft claim first made during the period of insurance. 3.5 The insurer will pay on behalf of the company any loss and defence costs and expenses arising from a claim against the company for an employment practices wrongful act provided that the claim is first made against the company during the period of insurance or discovery period if applicable. Cover in respect of this insuring clause 3.5 shall be subject to a sub-limit of GBP 1,000,000.

INSURING CLAUSES. ‌‌‌ 3.1 The insurer will pay on behalf of the director: (a) loss and defence costs and expenses arising from a claim against the director in their capacity as such provided that the claim is first made during the period of insurance; or (b) investigation defence costs and expenses; or (c) criminal prosecution defence costs and expenses; or (d) pollution defence costs and expenses; or (e) extradition proceedings defence costs and expenses; or (f) asset and liberty proceedings defence costs and expenses for any amount not exceeding the sub-limit of indemnity stated in the schedule or (g) public relations expenses: except to the extent insuring clause 3.2 applies. 3.2 The insurer will pay on behalf of the company any sums that the company has paid to or is held liable to pay the director by way of an advancement or indemnity in relation to the director’s liability that would otherwise be covered by insuring clause 3.1. 3.3 The insurer will pay on behalf of the company the shareholders derivative costs. 3.4 The insurer will pay defence costs and expenses incurred by the director or the company in connection with an identity theft claim first made during the period of insurance. 3.5 The insurer will pay on behalf of the company any loss and defence costs and expenses arising from a claim against the company for an employment practices wrongful act provided that the claim is first made against the company during the period of insurance or discovery period if applicable. Cover in respect of this insuring clause 3.5 shall be subject to a sub-limit of GBP 1,000,000.