INSURING CLAUSES. The Insurer will pay on behalf of the Insureds, Loss which the Insureds are legally obligated to pay as a result of Claims first made during the Policy Period, or during the Discovery Period (if purchased), against the Insureds for a Wrongful Act by the Insureds or by any natural person for whose Wrongful Act the Insureds are legally responsible.
Appears in 2 contracts
Sources: Fiduciary Liability Insurance Agreement, Fiduciary Liability Insurance Policy